# Shanghai Juqi Network Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanghai-juqi-network-technology-co

- Industry: Internet
- Headquarters: Shanghai, China
- Website: www.moretickets.com
- Total disclosed funding: $101M
- Latest round: Series C (Jul 10, 2018)
- Investors on record: 11

## About

Shanghai Juqi Network Technology Co., Ltd. is a technology firm revolutionizing the ticketing industry through an advanced platform that simplifies ticket purchases for events ranging from concerts to sports.Founded in 2015, Shanghai Juqi Network Technology Co., Ltd. is focused on delivering innovative ticketing solutions. The firm is headquartered in Shanghai, China. In July 2018, the company successfully raised USD 60 mn in Series C funding led by TPG, with participation from investors such as Blue Lake Capital and Hillhouse Capital Group. The total amount raised by the company is USD 60 mn, and they have completed 6 deals to date. The CEO, Xiao Liu, has a background in technology startups, further enhancing the company's strategic direction.MoreTickets specializes in providing a comprehensive ticketing platform designed to streamline the purchasing experience for consumers and event organizers. Their core product offerings include an integrated ticketing system that allows users to buy, sell, and manage tickets for various events, including concerts, sports, and theatrical performances. The platform enhances user engagement through features such as real-time inventory management, customizable event pages, and secure payment processing. MoreTickets primarily serves a diverse client base, including event promoters, venues, and artists, and is designed to meet the needs of both B2B and B2C markets. The company’s products are available in key geographical markets, including North America, Europe, and parts of Asia, catering to a wide range of end users from casual attendees to dedicated fans of live events.MoreTickets generates revenue through a structured transaction model that includes ticket sales commissions and subscription fees for event organizers. The company partners with various venues and promoters, charging a percentage of each ticket sold as a service fee. Additionally, MoreTickets offers tiered subscription plans for event organizers that provide access to enhanced features such as promotional tools and analytics, aligning with different organizational needs. By facilitating direct transactions between event organizers and consumers, MoreTickets establishes a seamless purchasing process that supports a robust revenue stream. The platform’s flagship service, which simplifies ticket management, has proven to be instrumental in fostering customer loyalty and repeat business.In July 2018, Shanghai Juqi Network Technology Co., Ltd. raised USD 60 mn in Series C funding, which will be utilized to enhance product development, including upcoming features aimed at improving user engagement and expanding the platform's capabilities. The company has outlined plans to penetrate new markets in Asia and Europe by 2023, targeting collaboration with more venues and event organizers in these regions. The recent funding will support these initiatives, enabling the company to scale operations and invest in marketing efforts to increase brand awareness in these new territories.

## Funding rounds

- Series C, Jul 10, 2018, $60M — TPG, DCM, Qiming Venture Partners, Hillhouse Investment, Blue Lake Capital, Nanshan Capital, MPC
- Series B, Oct 31, 2017, $25M — DCM, Qiming Venture Partners, ZhenFund, Prometheus Capital, K2VC, Blue Lake Capital, Nanshan Capital, MPC, Yuerong Capital
- Series B, Dec 1, 2016, $15M — DCM, ZhenFund, K2VC, Blue Lake Capital, Nanshan Capital, MPC
- Series A, Nov 21, 2016 — Nanshan Capital, MPC
- Series A, Oct 14, 2016 — DCM
- Angel, Dec 13, 2015, $0.8M — Yuerong Capital

## Investors

- Yuerong Capital (https://capitalatlas.ai/funds/yuerong-capital) — Angel, Series B
- DCM (https://capitalatlas.ai/funds/dcm) — Series A, Series B, Series C
- Nanshan Capital (https://capitalatlas.ai/funds/nanshan-capital) — Series A, Series B, Series C
- MPC — Series A, Series B, Series C
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Series B
- K2VC (https://capitalatlas.ai/funds/k2vc) — Series B
- Blue Lake Capital (https://capitalatlas.ai/funds/blue-lake-capital) — Series B, Series C
- Qiming Venture Partners (https://capitalatlas.ai/funds/qiming-venture-partners) — Series B, Series C
- Prometheus Capital (https://capitalatlas.ai/funds/prometheus-capital) — Series B
- TPG (https://capitalatlas.ai/funds/tpg) — Series C
- Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Series C