Tixr
Overview
Tixr is a global leader in the live entertainment commerce industry, known for its innovative event ticketing and e-commerce platforms. Founded in 2013, the company aims to transform the event ticketing experience using advanced technology, enhancing experiences for both vendors and attendees. It is the largest, fastest-growing, privately-held primary ticketing marketplace worldwide, focusing on redefining fan experiences and providing efficient business solutions for large-scale event creators. Tixr offers a wide range of event ticketing services for music festivals, tours, and conferences, powered by comprehensive technological solutions.
Recent Achievements and Recognition
- Recognized as an Inc. 5000 honoree in 2024, demonstrating significant growth and industry impact.
- Achieved 900% revenue growth over two years, ranked number 12 on Inc. Magazine’s list of the Pacific Region’s fastest-growing private companies in February 2024.
- Co-founders Robert Davari and Patrick Stavro were named among the 25 Most Influential People in Music in 2024 by SPIN Magazine.
Leadership
- Robert Davari, Co-Founder & CEO, leads strategic vision and European market expansion via the London office.
- Patrick Stavro, Co-Founder & CTO, focuses on technological advancements and operational efficiency.
- Irene Hedges, Chief Strategy Officer, directs strategic growth with expertise in planning and development.
- Patrick Bradley, Chief Revenue Officer, oversees revenue growth strategies.
Financials and Funding
Tixr has secured $15.8 million in funding from investors such as Verance Capital, TYLT Ventures, HOF Capital, and Capital Union Investments, supporting its market position, growth, and ticketing industry innovations.
Strategic Partnerships and Expansion
- Exclusive partnership with the Winnipeg Goldeyes in North America.
- Collaboration with Leicestershire County Cricket Club to enhance fan experiences beyond match days.
Technological Advancements
Tixr employs a sophisticated suite of event management and analytics tools, including Tixr Studio, enhancing event producers' capacity through yield optimization and analytics. The platform offers dynamic seating solutions and reservation systems to improve user engagement and revenue.
Market Position
Tixr’s annual revenue is approximately $33.8 million, with a revenue per employee of $225,500, positioning it as a leader with growth potential and robust financial health.
Competitor Profile - Market Overview
Tixr operates in a competitive market among event management and ticketing platforms. Here is an overview of key competitors:
Key Competitors
1. Eventbrite
- Specialization: Manages events from small workshops to large-scale festivals.
- Market Position: Processes about 3 million gatherings yearly with $8 billion in gross ticket sales.
- Features: Offers customizable ticketing and robust attendee management.
2. Eventzilla
- Specialization: Focuses on ease of use and integrations, suitable for conferences and fundraisers.
- User Base: Trusted by over 50,000 organizers with comprehensive services.
3. TicketSource
- Specialization: Provides box-office management and online sales for community events.
- Market Reach: Known for affordable and scalable solutions.
4. Yapsody
- Specialization: Focuses on live entertainment ticketing for concerts and casinos.
- Revenue Model: Offers cost-efficient, user-friendly ticketing services.
Additional Competitors
- Accelevents: Enterprise-grade event management software.
- HoldMyTicket: Real-time sales tracking and guest management.
- ThunderTix: Streamlined online sales and promotional tools.
- EventCreate: Customized event websites for various events.
Revenue and Employment
- Annual revenue: $33.8M, with about 150 employees, marking Tixr as a mid-sized industry player with targeted offerings.
Strategic Insights
Tixr faces competition from platforms providing specialized services and robust functionality. By enhancing virtual event capabilities and adopting competitive pricing strategies, Tixr can strengthen its market position. Focusing on differentiators and forming strategic partnerships will enable effective navigation within this competitive landscape.
