Founders Investment Banking, LLC is pleased to announce that Ballast Point Ventures has invested $5 million of growth equity into TicketBiscuit, LLC, a vertically focused digital ticketing company based in Birmingham, Alabama. The Company, founded in 2001 by CEO Jeff Gale, is continuing to focus on growing new verticals that would benefit from its strong ticketing platform, including a recent launch of StateChamps, which is focused on ticketing high school and amateur athletic events.
In addition to continuing to roll out StateChamps, the growth investment will enable the company to grow its sales force, increase marketing efforts, and develop additional features and functions for its rapidly growing client base. Since 2010, the Company’s client roster has grown at a CAGR of 44.2%, and the partnership with Ballast Point will provide the TicketBiscuit team a valuable resource to continue to execute on the vision and plan expected to continue the same strong growth trajectory. Robert Faber of Ballast Point will join TicketBiscuit’s board of directors as part of the investment.
Zane Tarence, Managing Director at Founders Investment Banking, noted that “Jeff is one of the most impressive entrepreneurs we have had the privilege of working with. It is rare to come across a technology CEO with such a diverse skill set: one who can code, build financial models, sell effectively, all while successfully managing a team and realizing impressive growth. We are excited to see what he and the incredibly strong management team the Company has can achieve with the support of one of the finest investor groups in the Southeast. This is a great opportunity for TicketBiscuit and Birmingham.”
“Having worked with Founders before, I knew that they’d understand TicketBiscuit’s goals and execute a process designed to identify the right partner to help realize the opportunities we have in front of us,” said CEO Gale. “I’m confident that we found the best partner to continue our growth, and am thrilled to have Ballast Point’s impressive team as partners for the next phase of TicketBiscuit’s growth. They connected strongly with all our entire leadership team right away.”
About Founders Investment Banking, LLC
Founders Investment Banking is a merger and acquisition advisory firm based in Birmingham, Alabama. Its team’s proven expertise and process-based solutions help companies and business owners access capital and prepare for and execute liquidity events to achieve specific financial goals. The firm focuses on technology and specialty pharmacy clients across the United States, and oil and gas, industrial, and manufacturing clients located across the Southeast. For more information, visit www.foundersib.com. In order to provide securities-related services discussed herein, certain principals of Founders are licensed with M & A Securities Group, Inc. or Founders M&A Advisory, LLC, both members of member FINRA & SiPC. M&A Securities Group and Founders are unaffiliated entities. Founders M&A Advisory is a wholly-owned subsidiary of Founders. The testimonial presented herein does not guarantee future performance or success.
Based in Birmingham, AL, TicketBiscuit is a ticketing platform focused on providing the smartest and most user-friendly ticketing experience on the planet. Originally focused on ticketing for music and comedy venues, the Company in recent years has expanded and added focuses on other ticketing verticals including tourist rail, dance studios, and amateur athletics. A fully scalable SaaS platform, the company offers web and mobile ticketing, alongside best-in-class support for both its customers and consumers. Further information can be found at https://www.ticketbiscuit.com
About Ballast Point Ventures
Headquartered in Tampa, FL, Ballast Point Ventures is a growth equity and venture capital firm focused on investing in Southeastern and Texas based Healthcare, Software, Technology-Enabled Business Services, and Consumer Products and Services companies. Founded in 2001, the company looks to invest in outstanding management teams and support their portfolio companies strategically and operationally as they continue to grow and scale. Further information can be found at http://www.ballastpointventures.com