Ticketing platform Lyte raises $33m in Series B funding round
17th December 2020 (Music Business Worldwide). Ticketing technology platform Lyte has raised $33 million in a Series B round, a combination of equity and debt. The latest round brings Lyte’s fundraising total to $48m. Lyte states that the funding will allow it to continue its growth beyond the nearly 300 artist tours, festivals, venues and live events that use the firm’s technology. Joining as first-time Lyte investors are Chamath Palihapitiya’s Social Capital, music industry legend Quincy Jones and Rocketship VC.
Reporting by Murray Stassen
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