Insurtech TicketGuardian secures $8m in Series A Funding

California-based TicketGuardian, an insurtech firm providing technology solutions for its wholly-owned insurance subsidiary, FanShield, has raised $8 million Series A funding led by American Family Ventures and IA Capital Group.

FanShield includes several insurance products including FanShield, RegShield, TourShield and EventShield. TicketGuardian provides real-time data and analytics in the live events space while connecting platforms, venues, and event organizers, with fans.

The insurtech company will use the capital to advance the technology, products and services it provides to event organizers and ticketing platforms, as well as to the attendees and fans. The latest funding round brings total funding to $13 million to date.

"This new injection of capital will enable us to grow our company, our services and our customer base," said TicketGuardian CEO and founder Bryan Derbyshire. "Along with the expertise of our investors, it allows us to continue our innovation and remain the insurtech thought leader in the live event space.

"We now securely power real decision-making data to ensure the best experience across the board for our partners and their attendees. Our exponential growth is proof that the live events industry is begging for change. This industry has responded with open arms and is embracing a better customer experience," Derbyshire added.

TicketGuardian enables attendees and fans in the live events space to protect their tickets.

Every year consumers lose money after buying more than 1 billion tickets to concerts, festivals, sports and other live events they can't attend, the company said. An attendee can insure their purchased ticket, registration or booking through TicketGuardian's FanShield suite of products.

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