Geotix Network, Inc.

Geotix Network, Inc. is a ticketing and event promotion platform that simplifies the submission and marketing of events, enhancing visibility and engagement for event organizers across multiple channels. Founded in 2015, Geotix Network, Inc. is based in Traverse City, US, focusing on a digital platform for event ticketing and promotion.

The company has executed 6 deals, with the latest being a VENTURE DEBT round raising USD 0. 58 mn, contributing to a total capital raised of USD 2. 72 mn. The company was acquired by Evvnt Inc.

on July 23, 2020, as part of a strategic initiative to enhance its offerings in the event management sector. The founder, Deb Fellows, has a history in digital marketing and event management, driving innovation within the company. Geotix Network, Inc. offers an event ticketing and promotion platform that enables clients to submit events once while maximizing their exposure across a network of over 5,500 event listing sites, reaching an audience of over 43 million.

The platform employs geo-location and targeted tools to cater to specific demographics, serving event organizers and marketing professionals from various sectors primarily in the USA and Europe. Its user-friendly interface, along with responsive customer support, positions the platform as a valuable asset for event marketing strategies. Geotix Network, Inc. 's revenue model is centered around premium event listing and promotion services, which include tailored subscription plans for different event organizers.

Revenue is generated through diverse transaction structures such as direct-to-consumer sales and partnerships with local media to enhance event visibility. Pricing plans are determined by features provided, including ticketing capabilities and event syndication, with options for bundled services to facilitate comprehensive event management and promotion. Moving forward, Geotix Network, Inc. plans to leverage its recent funding from the VENTURE DEBT round to expand its service offerings and improve its platform capabilities.

The company aims to launch new features designed to enhance user experience and engagement. It is also targeting expansion into additional markets across North America and Europe by the end of 2023, further diversifying its client base and enhancing its market presence.