Lyte, the technology platform that is transforming ticketing for live events, has announced $33 million in a Series B round, a combination of equity and debt, bringing its fundraising total to $48 million. The funding enables Lyte to continue its rapid growth beyond the nearly 300 top artist tours, festivals, venues and live events that use Lyte's technology to power consumer flexibility, and confront the challenges created by the pandemic, in the event ticketing e-commerce experience.

Joining as first-time Lyte investors are Chamath Palihapitiya's Social Capital, music icon Quincy Jones and Rocketship VC. In addition, Ryan Moore's Accomplice, Jackson Square Ventures, and Lyte's original seed investors Joe Edelman and Adam Stone return to fund and support the company as do Philip Deutch, Zander Lurie, Matt Mickiewicz and digital media entrepreneur and Lyte Board Member, Rob Goldberg.

Lyte is a technology platform for fans to safely buy, sell and exchange tickets to live events and for venues and event owners to take control of their ticketing experience. Lyte provides the tools needed to keep venues full and fans happy. Lyte is an extension of the primary box office and seamlessly integrates with the primary ticket provider to reduce fraud, drive down no-show rates and deliver real savings to fans.