RazorGator Closes Round of Financing from Top Venture Capital Firms

Kleiner Perkins Caufield & Byers and Oak Investment Partners Cite Brand Loyalty, Distribution & Team Partnerships as Reasons For Investment

LOS ANGELES RazorGator, an industry leader in Hard-To-Get® tickets for sold-out sports and entertainment events worldwide, announced today that it has closed a $7.5 million financing round jointly lead by existing investors Kleiner Perkins Caufield & Byers, Oak Investment Partners, and Steamboat Ventures. The funds will be used for aggressive expansion to meet growing consumer demand for hard-to-get tickets.

A primary vehicle for expansion will continue to be RazorGator’s official partnerships like the multi-year extension recently signed with the NCAA Men’s Final Four®, the 2010 Rose Bowl Game® and the UFC, among others. The expansion will also include enhancements to better service professional sports teams, leagues and artists for marketing tickets to high-demand events.

RazorGator offers broad global reach through distribution partners like Yahoo!, Fox Sports, CBS Sports and MSN. Also, through its subsidiary PrimeSport, the global leader in hard-to-get event packages and corporate hospitality, it has official partnerships with professional sports teams and organizing committees. PrimeSport counts the NCAA®, Tournament of Roses® Committee, Baltimore Ravens, and Carolina Panthers among its partners.

“RazorGator was among the most trusted brands for sports and entertainment event tickets when we initially invested in them in 2005 and they’ve only enhanced that position since,” says Fred Harman, managing partner at Oak Investment Partners. “As the largest independent ticketing company in the industry, RazorGator continues to serve and grow their loyal customer base through proprietary partnerships with event sponsors like the NCAA, Rose Bowl and leading corporate ticket holders.”

RazorGator’s service offers a 100 percent guaranteed connection to the largest inventory of hard-to-get tickets to sold-out sports and entertainment events worldwide. These events include the Super Bowl, Final Four, Masters, U.S. Open, Ryder Cup, Kentucky Derby, NASCAR, Broadway’s hottest shows, The Olympics, IRB World Cup, FIFA World Cup, European Championships, FA Cup, Wimbledon, French Open, and top-billed London theatre.

“This support by our investors is a demonstration of their confidence in RazorGator’s business plan and the opportunity in front of us as we diversify our businesses,” said Jeff Lapin, chief executive officer at RazorGator. “We’re focused on continuing product enhancements, such as digital ticketing and TicketOS, that help us provide industry-leading value and service to our customers. We are privileged to be supported by investors who recognize the great opportunities ahead of us.”

To learn more about RazorGator, go to www.RazorGator.com.

About RazorGator

RazorGator is the leader in Hard-To-Get® tickets for sports and entertainment events worldwide. RazorGator Interactive Group, which operates RazorGator, PrimeSport, and TicketOS, is a privately-held company headquartered in Los Angeles, California, with offices in Atlanta, Dallas, Phoenix, and India. Official partnerships with professional sports organizations include the San Francisco 49ers, Buffalo Bills, Carolina Panthers, Oakland Raiders, St. Louis Rams, Baltimore Ravens, Seattle Seahawks, Minnesota Vikings, Pittsburgh Pirates, the NCAA® Men’s Division I Basketball Championship Tournament, NCAA Men’s Final Four®, NCAA Women’s Final Four®, NCAA College World Series®, NCAA Men’s Frozen Four®, Rose Bowl®, and UFC®. For more information, visit www.razorgator.com

Source: RazorGator