BookSeats, a company specializing in event travel technology, has successfully raised $1.4 million CAD in funding through a funding round led by prominent sports tech venture capital firm KB Partners. Other notable investors, including Phoenix Capital Ventures and Calano Funds, also participated in the round.
Comcast NBCUniversal, which had previously made a strategic investment in BookSeats through its Comcast NBCUniversal SportsTech program, continues to be involved as an investor. This substantial investment marks a significant milestone for BookSeats and sets the stage for accelerated growth and innovation in the event travel technology sector.
BookSeats has transformed the way fans plan and book their travel for events. The company has established a dynamic marketplace that brings together key players in the airline, accommodation, and event ticket industries.
Through this platform, BookSeats offers fans unmatched flexibility and access to exclusive discounted rates across the entire travel experience. The innovative platform serves as a one-stop-shop for fans, streamlining the entire travel planning process.
Lance Dietz, a Partner at KB Partners, expressed enthusiasm about the partnership, stating, “We are thrilled to partner with Joseph and the BookSeats team. They have been incredibly resourceful in establishing critical relationships and building a new personalized travel experience that brings fans closer to their favorite sports, teams, and musicians.”
The infusion of capital from top-tier investors will enable BookSeats to further enhance its technology and expand its product offerings. The company’s primary focus includes growing its talented team and advancing the development of BookSeats Experience, a customized fan travel technology designed for sports teams, leagues, and music properties. BookSeats Experience provides partners with a comprehensive solution that empowers them to engage fans, expand their global reach, amplify existing travel partnerships, and gain valuable insights through data analysis.
Founder & CEO Joseph DeMarinis emphasized the significance of this investment, saying, “This wasn’t just about raising capital for us. By joining forces with these experienced and influential investors, the true value lies in access to valuable industry expertise, strategic guidance, and a vast network of potential partners, which we feel will allow us to accelerate our path to success. We are extremely grateful for the trust and confidence that our investors have placed in us, and we are excited about the future of BookSeats.”
With the backing of these investors and its commitment to technology and strategic partnerships, BookSeats is poised for significant growth. The company aims to continue reshaping the event travel landscape, providing exceptional value to both fans and partners in the process.
