Live Events Platform Fever Secures $100+ million in Funding

Live events discovery platform Fever has announced it has secured another $100+ million in equity funding.

New investment:

- The latest round of investment comes from private equity firms L Catterton and Point72 Private Investments, in addition to existing investors.

- As per Music Business Worldwide, in 2022 Goldman Sachs led a $227 million investment round in the company, as well as a $110 million round in 2023.

- Fever was last valued at $1.8 billion in 2023.

- It claims to have achieved over 20x revenue growth from pre-pandemic levels while maintaining a full-year positive EBITDA. It has not disclosed specific numbers.

What is Fever:

- Fever is a global live event discovery platform that connects fans with events ranging from concerts, festivals and sports events to interactive theatrical performances and immersive exhibitions.

- It claims that every month more than 300 million people in over 40 countries discover experiences on the platform.

- It also provides ticketing and demand generation for events and organizations such as Real Madrid, FC Barcelona, LIV Golf and the X Games.

- The company says the new investment will be focused on the live music and sports verticals.

- It was founded in 2014 by Pep Gomez, Ignacio Bachiller Strohlein, Francisco Hein and Alexandre Perez Casares.