US-based Fever, an entertainment discovery platform that helps people discover events and attractions in their cities, raised USD 227 million on 26th January 2022.
Investors: The investment round was led by the Growth Equity business within Goldman Sachs Asset Management (“Goldman Sachs”). Several other investors, including Alignment Growth, Goodwater Capital, and Smash Capital, participated. Eurazeo and Vitruvian Partners have also invested an undisclosed amount as a secondary investment with the USD 227 million primary funding. In addition, the startup has been marked with unicorn status since the latest funding. The startup has raised more than USD 297 million, including previous rounds.
Purpose of funding: As the aftermath of covid may bring robust growth in events and attractions, the startup is looking to expand its reach. As a part of the Metaverse era of digital entertainment, the funding also marks an exciting time for culture and live entertainment.
About Fever
Founded in 2014 by Alexandre Perez Casares, Francisco Hein, Ignacio Bachiller, Pep Gomez, Fever is headquartered in New York, US. Fever is an entertainment discovery platform that helps people discover events and attractions happening in their cities. This startup aims to democratize access to culture and entertainment. The startup allows its community to enjoy local events and experiences with its platform, such as molecular cocktail pop-ups and immersive art exhibitions. Data and technology from the startup are used to develop and expand cultural adventures worldwide.
What the founder has to say
“We’re proud of our role in empowering experience creators to deliver memorable real-life experiences to millions around the world seeking to share unique moments. Despite the challenges of the pandemic and the novelty of the metaverse, there has never been a better time for thrilling and well-curated IRL events. Fever and the amazing event creators who use our platform are well-placed to meet the zeitgeist,” said Ignacio Bachiller Ströhlein, Co-founder and CEO at Fever.
What the investor has to say
“Fever’s ability to grow revenue ten-fold in the last two years demonstrates both the strength of its team and the enduring demand for real-life experiences. 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. We are thrilled to support Fever’s team in its mission of making culture and entertainment more accessible across the world,” said Stephen Kerns, managing director at the Growth Equity business within Goldman Sachs Asset Management.
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