Update: Eventbrite has confirmed to TechCrunch that the amount raised was $60 million, not $50 million as originally reported.

Event ticketing startup Eventbrite has raised a new round of funding at around $50 million, Fortune’s Dan Primack reports, which values the company at over $1 billion and sees the tech company join an elite group of so-called “Unicorn club” startups. The new funding comes on the heels of a $60 million round raised nearly a year ago, and Primack says that while the startup wasn’t necessarily looking to raise more ahead of a potential IPO in 2014, investors from that round made an offer that was too good to pass up.

The investors in question are Tiger Global Management and T. Rowe Price, both of which wanted more interest in Eventbrite and approached the startup with a deal, according to a statement provided by Eventbrite to Fortune…

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