Private equity giant acquires stake in UTA agency

Private equity group EQT has become a strategic investor in United Talent Agency (UTA), which represents major artists such as Guns N Roses, Dolly Parton and Muse. EQT, which has around $100.0bn in assets under management, said the acquisition of the undisclosed stake recognises Beverly Hills-headquartered UTA’s recent growth trajectory and will help fuel future …

Morocco-based ticketing platform secures funding

Morocco-based digital ticketing platform Guichet.com has raised $309,000 (£237,000/€281,000) in equity financing. The financing was raised from the 212 Founders programme through CDG Invest, which is the investment arm of Moroccan investment bank, CDG Capital. Guichet.com was founded in 2019 by Moulnakhla Ahmed Tawfik and allows partners to sell and monitor ticketing in real time. The platform is …

Vivenu raises $50m in Series B funding

Dusseldorf-based software-as-a-service (SaaS) company and ticket platform Vivenu, which offers an application programming interface (API) for venues and promoters, has raised a further $50m (£37/€43.6m) in a Series B investment round.  The announcement comes less than 12 months after it raised $15m in a Series A round. The new financing round was led by investment …

Las Vegas-based LuvSeats closes $1.5m seed round

LuvSeats, a Las Vegas-based event ticketing company, has recently closed a $1.5m (£1.1m/€1.2m) seed round of investment funding.  The round was led by co-founders Les and Darcy Silver (pictured).  LuvSeats, however, did not disclose the terms of the capital raise, though notable personal investors include investment firm FM Capital’s Chase Fraser, and Ernie Pomerantz, the …