Japan’s Ticket Street raises $3M from eBay, Gree Ventures



See the original story in Japanese.

Ticket Street is a Tokyo startup providing a platform focused on the buying and selling of show tickets. The Nikkei reported that the startup has fundraised 300 million yen (or about $3 million) from US e-commerce giant eBay (NASDAQ:EBAY) and Japan’s Gree subsidiary Gree Ventures.

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Because eBay has online ticket marketplace StubHub under its wings, the Tokyo company plans to partner with the US counterpart to start selling tickets from this fall for MLB and NBA games in Japan.

Ticket Street was originally launched by a freelance engineer and was subsequently incorporated in August of 2011. To date, it has fundraised 75 million yen (about $750,000) in total from Mitsubishi UFJ Capital, and Mizuho Capital as well as Incubated Fund.

Ticket Street partnered with other online marketplace services such as Yahoo Auction (by Yahoo Japan) and Ticket Checkit (by Japanese internet company Zigexn) earlier this year and started sharing inventory data for available tickets with each others.