Cooley advised Atom Tickets on its $60 million Series C funding round led by Fidelity Management & Research.
Atom Tickets today has closed its Series C round of funding, securing over $60 million in new capital for the forward-thinking social movie ticketing platform. Led by global asset management firm Fidelity Management & Research Company, the round comes less than two years after raising $50 million in Series B funding led by Lionsgate (NYSE: LGF.A, LGF.B), Disney and Twentieth Century Fox Film, all of whom are returning with Series C investments.
Following a nationwide rollout in 2016, Atom tripled its users and ticket sales in one year. Atom is winning over digital movie ticketing buyers with innovative social features and integration into tens of thousands of movie theater screens across North America. Through its simple moviegoing app experience, Atom features advance ticket purchasing, the ability to invite friends and sit together while paying separately, concessions ordering, and bypassing the lines at the theater. This round represents Atom’s immense growth potential in the eyes of movie studio and financial enterprises.
In the last year, Atom Tickets formed an advisory board with visionary filmmakers Steven Spielberg, J.J. Abrams, and Tyler Perry to serve as a resource to the company as it continues to bring the most innovative and convenient theatrical movie experiences to consumers. Atom teamed up with recognized brands like T-Mobile and Chase Pay to provide unparalleled user experiences through special ticketing offers for top studio movie releases, making purchasing tickets faster, easier and more social than ever. Atom also partnered with top studios to connect them with audiences that buy movie tickets using proprietary data and targeting capabilities on Atom and across the web.
Atom Tickets, LLC develops and markets an Android and iOS application that allows users to find and buy movie tickets and concessions in California. The company led by Matthew Bakal, Ameesh Paleja, Geoff Shaevitz and Alex Rouse is based in Santa Monica (CA).
Cooley advised Atom Tickets with a team including Dave Young (Picture), Nick Hobson, Gary Marshall, Cristina Carapezza, Mark Windfeld-Hansen and Daichi Ito.
Law Firms: Cooley LLP;
Clients: Atom Tickets, LLC;