Peer-to-peer ticket selling platform StreetTeam is now called Verve, so you all need to update your list of ‘interesting ticketing things’ on your white board of interesting things. Though if it turns out you wrote ‘StreetTeam’ in permanent marker, meaning you now need a new white board, don’t worry, the team at Verve can probably get you one. Because they announced this week that they’ve just closed an $18.5 million funding round. Good times.
StreetTeam was created by the merger last year of two similar start-ups – The Physical Network and We Represent – and encourages music fans to sell tickets to shows and festivals to their friends via their various social networks, getting themselves some lovely goodies and kickbacks for their trouble.