# Gigit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gigit

- Industry: Software
- Headquarters: Santa Monica, US
- Website: www.gigit.com
- Total disclosed funding: $0.4M
- Latest round: Seed (May 28, 2013)
- Investors on record: 1

## About

Gigit is a specialized platform focusing on enhancing user engagement through innovative event management solutions, providing seamless ticketing services for various types of events.Gigit operates as an event management and ticketing solution company. Founded in Santa Monica, US, it has raised a total of USD 0.36 mn in funding, including a recent Seed round on February 27, 2015, led by ff Venture Capital. The company has completed 2 deals to date.GigIt specializes in offering a dynamic platform designed to enhance user engagement through a variety of interactive features. The core product is an innovative event management and ticketing solution that streamlines the process for organizers and attendees alike. This service addresses the challenges of event promotion, ticket sales, and attendee management, with an emphasis on enhancing user experience and operational efficiency. Launched in recent years, GigIt caters to a diverse clientele that includes event organizers, venues, and businesses hosting public and private events. The platform's services are primarily utilized in major metropolitan areas across North America and Europe, where there is a robust demand for effective event management tools. End users include both individuals looking to attend events and businesses seeking to host them, creating a comprehensive ecosystem that supports various types of gatherings.GigIt's revenue model primarily revolves around transaction-based income generated through ticket sales and service fees associated with event management. Clients typically engage with the platform on a subscription basis, where they pay a predetermined fee for access to GigIt’s suite of services, including customized event pages and marketing support. The transaction structure includes direct sales to consumers for event tickets and partnerships with various venues and event organizers, providing them with a scalable solution to manage their events efficiently. The firm captures revenue through both flat fees for service usage and a percentage of ticket sales, ensuring a steady stream of income as event activity increases.Gigit is focused on expanding its platform capabilities with new product features aimed at improving user interaction and event organization efficiency. Specific markets targeted for expansion include major cities in North America and Europe, with plans to introduce these enhancements by the end of 2023. The recent funding raised will support these product developments and market entry strategies.

## Funding rounds

- Seed, May 28, 2013, $0.4M — ff Venture Capital

## Investors

- ff Venture Capital (https://capitalatlas.ai/funds/ff-venture-capital) — Seed