TicketGuardian, an insurtech startup that’s aiming to shake up the ‘no refunds’ standard of live events ticketing, announced this week it has secured $8 million through its Series A funding round, which was led by American Family Ventures and IA Capital Group. Founded in 2016, TicketGuardian is an insurtech firm that partners with ticketing and registration platforms, committed to bridging the gap between a customer’s peace of mind and the non-refundable world of events and ticketing.
The insurtech reported it will use the funds to fuel the growth of the technology, products a, d services it provides to event organizers and ticketing platforms, as well as to the attendees and fans for which the industry exists. This new round brings total funding to $13 million to date. Speaking about the investment, TicketGuardian CEO and founder Bryan Derbyshire, stated:
“This new injection of capital will enable us to grow our company, our services and our customer base. Along with the expertise of our investors, it allows us to continue our innovation and remain the insurtech thought leader in the live event space. We now securely power real decision-making data to ensure the best experience across the board for our partners and their attendees. Our exponential growth is proof that the live events industry is begging for change. This industry has responded with open arms and is embracing a better customer experience.”
Drew Aldrich, Principle of American Family Ventures, went on to add:
“We are extremely excited to be partnering with TicketGuardian as it has built the first live events industry-focused insurtech platform. TicketGuardian is fundamentally reshaping the way that live event ecosystems protects their investments. We are excited about its vision, technology and the incredible opportunity. We’re thrilled to join with them to continue to enable their significant growth.”