# VenueNext

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

- Industry: Software
- Headquarters: Santa Clara, US
- Website: www.venuenext.com
- Total disclosed funding: $24M
- Latest round: Series B (Oct 11, 2016)
- Investors on record: 5

## About

VenueNext, Inc. is a technology company based in the US focused on providing innovative solutions for the sports and entertainment industries, enhancing the fan experience through seamless payment processing and point-of-sale systems.Founded in 2014, VenueNext, Inc. specializes in payment processing and point-of-sale solutions for events and venues. The company was acquired by Shift4 Payments, LLC in March 2021, enhancing Shift4’s capabilities across various sectors including stadiums and universities. VenueNext is headquartered in Santa Clara, California, US. Anthony Perez currently serves as CEO.VenueNext offers a comprehensive suite of payment processing and point-of-sale solutions tailored for the sports and entertainment sectors. Their flagship product, the SkyTab Venue, facilitates mobile ordering and loyalty programs, improving operational efficiency and enhancing visitor satisfaction. Their technology unifies revenue streams across various operational aspects, serving major league sports venues and collegiate arenas mainly in North America, including locations like Allegiant Stadium and BMO Stadium.VenueNext generates revenue through transaction fees associated with its payment processing services, which include software subscriptions and hardware solutions. Their business model primarily involves B2B partnerships with venues and event organizers, allowing clients to utilize their POS systems in exchange for a percentage of processed transactions, supporting long-term partnerships while facilitating reliable payment processing.Following the acquisition by Shift4 Payments, LLC in March 2021, VenueNext plans to expand its product offerings and market presence significantly. The company aims to introduce new products designed for various sectors such as universities and theme parks by leveraging the recent funding of USD 15.00 mn from the Series B round led by Causeway. The acquisition is expected to enhance their capabilities in large and growing verticals, expanding into new geographic regions and markets.

## Funding rounds

- Series B, Oct 11, 2016, $15M — Trinity Services Group and Canteen Corrections, Causeway
- Series A, Jun 24, 2015, $9M — Live Nation Middle East FZ-LLC, Aruba Networks Inc., Causeway, Twitter Ventures

## Investors

- Live Nation Middle East FZ-LLC — Series A
- Aruba Networks Inc. — Series A
- Causeway (https://capitalatlas.ai/funds/causeway) — Series A, Series B
- Twitter Ventures (https://capitalatlas.ai/funds/twitter-ventures) — Series A
- Trinity Services Group and Canteen Corrections — Series B