The arms race between the UK’s online ticket exchanges shows no sign of slowing.

Seatwave has just received a further $17m (£10m) investment from its venture capital backers. The round comes after Viagogo, its main competitor in the secondary ticketing market, raised $15m in February.

Both based in London, there is little love lost between Seatwave and Viagogo, and their respective founders, Joe Cohen and Eric Baker. The sites allow fans and ticket brokers to buy and sell tickets online, with the sorts of money-back guarantees rarely found from the touts loitering outside venues.

With Accel Partners joining existing investors Fidelity Ventures, Atlas Venture, Mangrove Capital Partners and Adinvest, Seatwave’s series D round takes its total financing to $53m. It reunites the company with Accel’s Sonali De Rycker, who helped found Seatwave while at Atlas. Read more