recently secured another $1 million in equity funding that will allow the Denver-based luxury suite broker to make new hires and expand marketing and operations. The company has also added more than $5 million of inventory in terms of booking luxury suites and boxes at sports and entertainment venues across the U.S.
The company now has inventory from more than 550 events, ranging from the Denver Broncos' playoff game on Jan. 11 (tickets start at $1,800) to Linkin Park and Rise Against at NYC's Barclays Center on Jan. 25 (tickets start at $225). The company works with event centers and suite owners to sell tickets in luxury suites that may not go used for whatever reason, seats that most people don't have easy access to.
"SuiteHop is changing the market for suite tickets by providing a way for companies and individuals to purchase luxury suite tickets without having to go through a broker," says SuiteHop CEO Todd Lindenbaum. "Our investors can see the value in a service that provides a benefit to lease owners, potential suite buyers, arena owners and the teams themselves. We expect in the coming months to see even more additions to our large inventory."
The company is attracting investments from entrepreneurs as well as from the technology and service sectors. "SuiteHop has a great business model that just makes sense. It is perfect for small to mid-sized businesses that want access to suites but can't afford leasing an entire suite for a year," explains investor Jeff Kurtzman, co-founder of Better World Books and Operation Incubation.
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