Brighton Park Capital and golfer Rory McIlroy’s investment partnership Symphony Ventures led the new capital round.
Th new project in Glendale is set to open in 2025.
The South African ticketing company also serves Nigeria, Uganda, Kenya, Zambia and Botswana.
The National Independent Venue Association is asking fans and professionals to lobby Congress and the White House to pass two bills that would clean up live events ticketing.
A smaller firm claimed that StubHub undermined its valuable partnership with American Express as retaliation in a dispute over affiliate commissions.
If passed, the bipartisan legislation will bring enforcement and transparency, prohibit deceptive websites, disclose resellers, and ban speculative ticketing.
Legislation by Assemblymember Buffy Wicks that would have forced the company to share its inventory with resale sites was watered down after widespread industry pushback.
The open letter supports a bill advocating for ticket sale transparency and consumer protection against bots.
The ticket reseller, founded in 2000, is estimated to be carrying $2 billion in debt.
The proposed legislation would ban practices like speculative ticketing and make platforms responsible for recouping customers who fall victim to scams.
