Eventbrite acquires competitor Nvite

Eventbrite, the event ticketing startup valued at just over $1 billion, has acquired Nvite, a smaller competitor. Nvite, based in Washington, D.C., had raised $1 million in funding in 2014 from a group of local investors.
An Eventbrite spokeswoman confirmed the deal and provided the following statement:
We’re excited to welcome Nvite to the family to join us in our pursuit to of helping millions of Eventbrite customers better market themselves and their events. They’ve been a valuabl