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Project Admission has topped more than $10m in investment after signing up a host of major league teams in the first half of 2023.<\/p>\n
The technology company has attracted a new round of investment, including $3.2m in funding, led by Flyover Capital, with return investor Anthemis. New investors The Raptor Group and Scrum Ventures also joined the round bringing the total raised to $13m.<\/p>\n
The live entertainment solution platform has seen seven new major sports teams sign on with the service since January, including the NFL teams the Tennessee Titans and Washington Commanders, and USL teams New Mexico United, Charleston Battery, Richmond Kickers and Lexington FC bringing its total client base to nearly 50 teams.<\/p>\n
\u201cThese partnerships and additional investment are a testament to Project Admission\u2019s novel solution \u2013 a technology platform for a multitude of stakeholders that is transforming the entire life cycle of ticking including how and where a ticket is purchased, how its distributed, and how this can ultimately benefit\/uplift a fan\u2019s entire experience,\u201d said Stephen Glicken, Project Admission\u2019s chief executive.<\/p>\n
\u201cThe first quarter of 2023 was the seventh consecutive quarter of 20%-plus ticket revenue growth for us, with ticket revenue increasing by more than 440% annually.\u00a0 With the new investment, we will expand into new markets and verticals to further accelerate our growth.\u201d<\/p>\n
MLB gave several of its teams permission<\/a> to work with Project Admission last year, while SeatGeek integrated its tools in 2021.<\/p>\n