Ticketing company Eventbrite has raised another $60m of funding, a year after a similarly-sized investment round. The new round values the company at more than $1bn, according to Fortune, which reported that the money came from two investors: Tiger Global Management and T. Rowe Price. “We are fortunate to have such supportive and engaged investors, and after working together and getting more insight into our business and traction, Tiger Global and T. Rowe Price proactively approached us about increasing their investment,” said Eventbrite in a statement. “As a responsible, global startup in hypergrowth, we recognise the importance of having an appropriate level of invested capital to execute our growth strategy and control our destiny. For these reasons, we chose to accept the the funding.” Eventbrite has now raised $200m in total over its history, with the latest round to be put to work on European, Latin American and Asian expansion, as well as new product features for event organisers.
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