Seatwave was an online ticket marketplace for buying and selling tickets to music, sporting and cultural events. Seatwave was founded in May 2006. Ticket sellers used to be able to list their tickets on Seatwave and specify what price they would be willing to sell them for. Buyers could browse the site, compare ticket prices and could then purchase the ticket they feel was the best deal.
Seatwave's TicketIntegrity guarantee ensured buyers that would get the tickets they ordered by the day of the event. If they didn't, Seatwave would find them replacement tickets, or refund the buyer.
On 13 August 2018, Seatwave parent company Ticketmaster Ltd announced its intention to close Seatwave in October 2018, and move secondary ticketing services to its main website, in a bid to combat exploitation of the service by ticket touts.[2][3]
On 27 November 2018, Seatwave was closed, no longer accepting new ticket listings or purchases. The company is currently closed down, and has yet to announce a reopening date.
Founder and investors
Seatwave was founded by Joe Cohen, formerly of Match.com and Ticketmaster, in May 2006 and began online trading in February 2007. Seatwave secured $25 million in February 2008 in a Series C funding round led by Fidelity Ventures and including existing investors Atlas Venture, Mangrove Capital Partners and AdInvest.