Lyte operates a proprietary, risk-free reservations platform that enables fans to reserve, return and exchange event tickets for artists, venues and fans. Its technology has delivered millions of dollars in savings and has been used by Coachella and major tours such as Mumford & Sons and Wilco. The company has been featured in Rolling Stone and Billboard. Lyte is led by founder and CEO Ant Taylor and supports event stakeholders with reservation and ticketing solutions. As of this raise the company has raised $53M in total funding. Lyte is a San Francisco–based technology platform for fans to safely buy, sell and exchange tickets to live events and for venues and event owners to take control of their ticketing experience. The platform seamlessly integrates with primary ticket providers to reduce fraud, drive down no-show rates and deliver savings to fans. Lyte powers consumer flexibility and is used across nearly 300 top artist tours, festivals, venues and live events. The company announced a $33 million Series B as a combination of equity and debt. That round brings Lyte's total fundraising to $48 million. The funding is intended to enable continued rapid growth and help the company confront pandemic-related challenges in the event ticketing e-commerce experience. Lyte operates a ticketing platform that lets fans return event tickets, no questions asked, to the official point of purchase and provides a safe reservation booking system that offers fair prices for in-demand tickets. Led by CEO Ant Taylor and based in San Francisco, the company aims to make secondary-ticketing more official and accessible. Lyte plans to use the new funding to develop its platform further and to scale operations. The company has already delivered well over $5 million in fan savings since inception, an operating metric it cites publicly. The financing will support product development and operational expansion as Lyte seeks broader adoption among fans and event organizers. The article does not disclose revenue, user counts, or founding year.

Total raised

$53M

Funding rounds

4

Latest round

Series B

Latest activity

Feb 2021