UK-based Seatwave, an exchange for trading event tickets, has raised a big $25 million (£12.8 million)  third round from led by Fidelity Ventures, with participation from previous backers Atlas Venture, Mangrove Capital Partners and Adinvest. The company previously raised $11 million over two rounds, bringing its total to $36 million. The company, launch in early 2007, was founded by CEO Joe Cohen, who previously held positions at Match.com and TicketMaster.com at IAC (NSDQ: IACI). Funding will go towards the company’s expansion across Europe. Release.

SEE ALSO: Concert Tickets Marketplace Seatwave Attracts $8 Million For European Expansion

Seatwave, as well as its competitor Viagogo, has been under

political scrutiny over relationships with professional ticket touts. But at this point, it’s unlikely that any explicit legislation will be introduced to address the issue.

Last week, TicketMaster announced a foray into the same market with its purchase of UK tickets reseller Get Me In.