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a16z Crypto Leads $7M Seed Round in Blockchain Ticketing Startup KYD Labs
a16z Crypto Leads $7M Seed Round in Blockchain Ticketing Startup KYD Labs
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Venture capital powerhouse a16z crypto has anchored a $7 million seed investment in KYD Labs, a blockchain-based solution disrupting the $20 billion live events ticketing industry. The platform empowers artists and venues to reclaim control over secondary sales, fan data, and revenue streams traditionally captured by intermediaries.
Founders Ahmed Nimale (ex-Ticketmaster) and David Barrick (Flipmass creator) have demonstrated early traction at venues like New York’s Le Poisson Rouge. Their protocol addresses the industry’s dirty secret: primary stakeholders typically receive less than 50% of total ticket revenue due to secondary market leakage.
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