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TickPick Secures $40M Investment From PWP Growth Equity

TickPick has secured a $40M "investment from PWP Growth Equity." TickPick started out as a "secondary marketplace for ticket resellers, but it’s started to sell tickets directly from partners" like the Big South and Western Athletic Conferences. The company said that it is "on-track" to facilitate $200M worth of transactions in '19, up 60% year-over-year. TickPick plans to use the new funding to "make some key hires" like a CFO and CMO, and to "build a data team that can help TickPick use artificial intelligence and machine learning to improve the customer experience" (TECHCRUNCH.com, 8/6).

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