Online event promotion startup, TicketLeap, has raised USD2m in its first round of venture funding from investors Mentor Tech and Ben Franklin Technology Partners. The company will use the infusion of capital to support strategic partnerships and hire new senior staff, including a head of business development.
TicketLeap targets small companies and events and allows ticket sellers and event planners to advertise their events for free. Online customers who pay a fee when they buy tickets through TicketLeap are the main source of revenue.
Christoper Stanchack founded Philadelphia-based TicketLeap when he was a student at the Wharton School of Business. The school’s Venture Initiation Program helped the company get off the ground. Stanchack’s mother, Connie, is head of client services. There are two other employees.
Guy Kawasaki, managing director of Garage Technology Ventures, is an advisor on product evangelism. Mark Goldstein, CEO of Loyalty Labs, is an advisor on customer loyalty and Steven Davis, president of GSI Commerce Europe, is an advisor on eCommerce and international operations.