SeatGeek
Ticketing marketplaceUSA
New to Unitard
βοΈ Markdown
PeakΒ $1.2 BillionToday
~-29%
from peak
- π¦Became a unicorn2022
- πPeak valuation$1.2 Billion β22
- πBecame a Unitard~2022
- πΈLast valuation~$852M
Current status
PitchBook est. $851M (Dec 2025); $1.35B SPAC terminated
The rise & fall
6 moments Β· 2009β2025The key moments, with employee sentiment along the way.
2009
2009
Founded as a ticket search engine
Jack Groetzinger and Russ DβSouza build a βKayak for tickets,β with a Deal Score to rate every seat.
TechCrunch
2022
2022
The peak: ~$1.2B$1.2B
Fresh private capital and third-party marks put the ticket marketplace at its high-water mark even as public markets sour.
CNBC
Jun 2022
Jun 2022
SPAC deal called off
SeatGeek and RedBall scrap the $1.35B merger, citing brutal market conditions for newly listed companies.
CNBC
2022
2022
Slips out of the club
With the listing dead, PitchBook's model later marks the still-private company at about $851M (end of 2025), roughly 30% below peak β a fallen unicorn on paper.
CNBC
2022β25
From the inside Β· Glassdoor reviews, 2022β25
Employee reviews from the years that followed described a company in limbo: reorganizations arriving every few months, often with layoff rounds attached, and stock grants that stayed paper wealth as the hoped-for IPO kept slipping a couple of years out.
π¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β; dated facts carry their source.
How it happened
SeatGeek is a U.S. ticketing marketplace that reached a ~$1.2B valuation, with a planned SPAC merger valuing it around $1.35B. That deal was terminated in 2022 amid weak market conditions, and PitchBook's model subsequently put the company at about $851M at the end of 2025, roughly 30% below its peak, classifying it as a fallen unicorn while it stayed private.
Source: PitchBook model estimate as of Dec 31, 2025 (CNBC's fallen-unicorn table, Jun 2026), not a priced round
Founders
Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.
