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Fundraising a snap for FanSnap?

Posted by Scott Kirsner  July 14, 2009 12:55 PM

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Reporters always love those moments when someone says a little bit too much...

I was having coffee at Diesel Café in Davis Square this morning with Andy Payne, co-founder and a board member at FanSnap. He mentioned that the company has just raised another funding round; FanSnap, which helps consumers search for tickets to sporting events and concerts across multiple sites, has already banked $10.5 million from General Catalyst Partners in Cambridge and Harrison Metal, including a B round last October. Payne didn't want to say much more -- and when I called FanSnap's communications contact, Christian Anderson, he told me the company is "in the middle of things" and "can't talk about it."

FanSnap has an interesting back-story. In 2006, it was clear that things were going well with Kayak, a travel search site that General Catalyst incubated in its Harvard Square offices. The venture firm wanted to explore other meta-search opportunities -- and so it paired up Payne, a serial entrepreneur who started his career designing chips for Digital Equipment Corp., with Harvard Business School student Rishi Garg. (Garg had been at Google before heading to b-school.)

Payne has at times served as the company's CEO, CTO, and VP of product, but in August 2007, the company recruited Mike James as its CEO. James had been the chief marketing officer at StubHub, and since he was based in San Jose, the company grew out there. They've now got about 20 employees in Palo Alto.

While Anderson, their spokesman, couldn't confirm the fundraising, he did mention that Sox tickets are the #2 most-searched item on the site these days -- behind Yankees tix but ahead of Met tix.

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Scott Kirsner was part of the team that launched Boston.com in 1995, and has been writing a column for the Globe since 2000. His work has also appeared in Wired, Fast Company, The New York Times, BusinessWeek, Newsweek, and Variety. Scott is also the author of the books "Fans, Friends & Followers" and "Inventing the Movies," was the editor of "The Convergence Guide: Life Sciences in New England," and was a contributor to "The Good City: Writers Explore 21st Century Boston." Scott also helps organize several local events on entrepreneurship, including the Nantucket Conference and Future Forward. Here's some background on how Scott decides what to cover, and how to pitch him a story idea.

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