TicketLeap, a service that helps promoters sell tickets to their events though a self-serve platform, has raised $2 million in a Series A funding round led by MentorTech Ventures and Ben Franklin Technology Partners.
TicketLeap differentiates itself from large ticket vendors by catering to small companies and events. Rather than charge event coordinators for selling their tickets, TicketLeap passes on the cost to the ticket buyer by charging a small fee along with each ticket. The Philadelphia-based company was founded in 2003 by Christopher Stanchak, who initially created the site as part of Wharton’s Venture Initiation Program.
There are a number of strong competitors in the ticket management space, most notably Eventbrite, which charges event planners a set fee of 2.5% for every ticket sold (users can also choose to pass on the fee to their customers, as they can with TicketLeap).