XP Raises $6.2 Million from Blockchange, L1D, Reflexive and others to Revolutionize Ticketing and Put Fans Back in Control
[Chicago, IL – May 14, 2025] – XP, a ticket marketplace dedicated to elevating live experiences and rewarding fandom, today announced it has raised $6.2 million in funding led by Blockchange, with participation from L1D, Reflexive, and others.
The capital will accelerate XP’s mission to build the most fulfilling ticketing experience for fans, which starts with transparent, fair-market pricing and a platform centered around fan identity.
The Broken State of Ticketing
Buying tickets to live events has become an exercise in frustration. Fans are routinely gouged by inflated prices, shocked with steep markups at checkout, and treated as impersonal transactions rather than real people. Industry incumbents prioritize extracting maximum profit over elevating fan experiences, at the expense of the entire live events ecosystem. XP believes there’s a better way.
"Buying tickets shouldn’t feel like you're getting taken advantage of," says Michael Saunders, Founder and CEO of XP. “Fandom is an integral part of a person’s identity, and yet most platforms treat fans like transactions. We believe fans deserve better—and that starts with recognizing and rewarding fans’ loyalty and passion.”
A Marketplace Where Fans Come First
Since winning Solana’s global Grizzlython Hackathon, XP has rapidly scaled as a fan-favorite ticket resale marketplace thanks to its robust ticket inventory and transparent, fair-market prices.
The platform offers more than 50 million tickets to major concerts, sporting events, and shows nationwide, and already boasts millions of dollars in ticket sales from fans seeking fairer prices and a superior experience.
"Using XP truly felt like a breath of fresh air," says Sam R., a devoted sports fan and XP customer. "I have spent hundreds in fees from ticket marketplaces like StubHub and Ticketmaster, and I am so excited to have a new ticket marketplace without junk fees."
Founded by Michael Saunders, a seasoned marketplace disruptor and early executive at Grubhub, XP’s unique approach to ticketing blends innovative Web3 technology with transparent pricing and fan-centric features, like:
Price Alerts, which notify a fan when their ideal ticket price becomes available in their desired seat section.
Tixpy, XP’s AI-powered Chrome extension, instantly compares all-in prices for the same tickets across major ticketing sites, empowering fans to confidently secure the best deal.
USDC payment integration enables users to seamlessly convert their stablecoin assets into real-life experiences–without credit card transaction fees–bridging the gap between Web3 and live entertainment.
XP’s focus on creating a more transparent, affordable marketplace has made it a haven for dedicated fans seeking an alternative to exploitative traditional ticketing sites, but that’s only the beginning.
The Future of Ticketing
Looking ahead, XP believes the future of live entertainment lies in shifting power away from centralized entities and predatory middlemen, and putting control back into the hands of fans, artists, athletes, and entertainers.
This latest round of investment empowers XP to continue developing groundbreaking, fan-forward features designed to deepen engagement, foster community, and offer personalized rewards tied directly to fandom.
“Legacy ticketing models have long needed to be disrupted for the sake of performers and fans, who have been prisoners to the opaque, over-priced options that have existed for decades," says Rob Schmults, General Partner at Blockchange Ventures. "We are excited to invest in XP, which is creating not just a better and lower-cost ticketing experience, but is unlocking an entirely new category of business. In contrast to the incumbents who block artists from knowing their fans, XP is using the blockchain to enable the performers to engage directly with their fans and create entirely new experiences. We believe this is a profound game-changer.”
XP plans to harness the power of AI and blockchain technology to drive its next phase of growth. By investing in identity-driven features that will enhance personalization and create smarter, more trustworthy interactions, the company aims to create a flywheel of loyalty and engagement that will make every stage of the live event journey more meaningful, connected, and rewarding for fans.
"XP isn’t just changing the way fans buy tickets; we're revolutionizing their entire experience," Saunders emphasizes. "Every fan interaction on XP—from event discovery to reliving cherished memories— is designed to be rewarding, joyful, and genuinely magical. Our mission is to ensure that fandom itself feels valued and celebrated."
About XP
XP is a secondary ticketing marketplace that puts fans first with transparent, fair-market prices and tech-forward ticketing innovations. XP believes a more open, interconnected fan experience benefits the entire live events ecosystem, unlocking new possibilities for fans to connect with the performers they love, and for entertainers to recognize and reward the loyalty of their most dedicated fans.
Thanks to XP having no hidden fees, fans save up to 30% buying tickets on XP compared to the same seats listed on other resale marketplaces. From the U.S. Open to Morgan Wallen to the NBA Playoffs and beyond, there’s a ticket for every fan on XP.
Find your next unforgettable live event at www.xp.tickets, or by downloading XP’s free iOS app in the App Store.
XP was founded by Michael Saunders, who sold his first startup to Grubhub and played a key role in their IPO.
Media Contact:
Daniela Sterba