On-demand ticketing software eTix lands $1M from Southern Capitol Ventures

Morrisville, N.C. — ETix, a 9-year-old firm that provides on-demand ticketing software, just may have secured the financial ticket it needs for substantial growth.

Southern Capitol Ventures, a venture capital firm focused on emerging companies and technology, is investing $1 million in eTix.

The Morrisville-based firm, which employs some 70 people, plans to use the funds for expansion.

“We continue to invest in the very best entrepreneurs in our region and in companies that we understand really well and believe we can help take to the next level,” said Jason Caplain of Southern Capitol, who has been working with eTix as an advisor. “Like all of our portfolio companies, eTix is right in a sweet spot for us.”

In 2007, eTix software managed the sale of more than 30 million tickets at some 2,000 venues worldwide. Companies utilizing eTix include a wide variety of venues, from theaters and arenas to resorts and travel sites.

“Having Southern Capitol Ventures actively involved with eTix is an important next step as we continue to rapidly grow our business,” Travis Janovich, chief executive officer of eTix, said in a statement. “Well before their investment, Southern Capitol Ventures became a valued partner; their energy and deep network will definitely help fuel our expansion.”

Southern Capitol is the only institutional investor in eTix.

ETix offers its solution through a software-as-a-service model. Product offerings include online ticketing and online box office. Through online ticketing, customers can design their own brand. Through box office, customers can have access to a ticket auction program as well as e-mail campaign and list management.

The company operates offices in Charleston, S.C., and Dallas as well as Japan, China and Germany.

Customers include the North Carolina State Fair, Gray Line, Shanghai Formula One and the Omaha Royals minor league baseball team.