There is consolidation afoot in the online ticketing market, with startup SeatGeek acquiring one of its main rivals, FanSnap. The acquisition followed a $2.2m funding round for SeatGeek, which is shutting down FanSnap and redirecting users to its own website. “I’m not putting down what they’ve built at all, but I do think those users, once they become accustomed to SeatGeek, they’ll be using it regularly,” CEO Russell d’Souza told TechCrunch. FanSnap was previously owned by e-commerce firm Wize Commerce. It’s something of a table-turning deal, as d’Souza explained in a blog post: “When we started SeatGeek in 2009, FanSnap’s incumbency cast quite a shadow on us. They were two years old at that point, with a formidable team, an impressive set of advisors, and more than $15 million in venture financing. We had an idea and a couple of laptops.” SeatGeek is more than that now: it sells $6m tickets a month, and attracts 3.5m monthly visitors across its website and mobile presence.
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Tools: Kaiber
In the year or so since its launch, AI startup Kaiber has been making waves,…