Live platform Fever secures $110m funding round

Live entertainment discovery platform Fever has reportedly generated a further US$110 million (€103m) in a new venture funding round, giving the company a valuation of $1.8 billion.

According to tech.eu, the funding round was led by Goldman Sachs and attracted investors such as Eurazeo, Convivialité Ventures, Goodwater Capital, Alignment Growth, Vitruvian Partners and Smash Capital, and will enable the firm to invest in new content opportunities.

Based in Madrid, Spain and New York, US, Fever is led by Spaniards Ignacio Bachiller Ströhlein, Alexandre Perez Casares and Francisco Hein,  and raised $227m in a previous funding round 12 months ago.

The platform makes personalised recommendations for users to enjoy unique, in-person local experiences such as immersive exhibitions, interactive theatrical experiences and festivals.

The firm says it has doubled its turnover in the past year, with North America now comprising over 50% of its revenues

It also collaborates with event organisers to create new attractions through its Fever Originals series, including its Candlelight Concert series in London, which has showcased the music of Hans Zimmer, Taylor Swift and Coldplay, among others.

The firm says it has doubled its turnover in the past year, with North America now comprising over 50% of its revenues. It has expanded its international presence from three cities six years ago, to dozens of cities across Europe, America, Asia, and Oceania.

“Fever’s success is underpinned by smart technology, amazing partnerships, and dedicated creators – three factors which we believe will ensure its continued growth and expansion in the future,” said Stephen Kerns of Goldman Sachs Asset Management last year.

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