Pull out the giant tub of popcorn: Upstart Atom Tickets has banked more than $60 million in funding to take on the online movie-ticketing segment’s leader, NBCUniversal-owned Fandango.The company’s Series C funding was led by Fidelity Management & Research Co., with participation from previous investors Disney, Lionsgate, and 20th Century Fox Film.
The trio of Hollywood studios pumped $50 million into Atom in 2016.Atom Tickets has now raised more than $125 million to date.
The company has about 80 employees.
With the additional capital, Atom plans to further enhance its social movie-ticketing app and website experience as well as boost marketing.After initially rolling out its service in early 2016, Atom now offers ticketing for nearly 20,000 screens across the U.S.
and Canada.
The company says it has tripled registered users and ticket sales in the past year (but isn’t disclosing actual numbers).“We’re pleased to participate in this latest
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