Total amount raised
$408.8 Millions
Latest funding date
1/1/2023
Location
Fever has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The platform specializes in helping users discover and book tickets for a wide range of events in their cities.
Keep reading to explore the intricacies of Fever's fundraising journey and the investors backing this innovative platform.
What Is Fever?
Fever, founded in 2014, is a live-entertainment discovery tech platform based in New York City. The company aims to make culture and entertainment more accessible by helping users discover and book tickets for a wide range of events in their cities.
Founded by Alexandre Perez Casares, Francisco Hein, Ignacio Bachiller, and Pep Gomez, Fever has grown significantly since its inception. The platform offers experiences such as immersive art exhibitions, interactive theatrical experiences, and classical music concerts.
With a workforce of 1001-5000 employees, Fever continues to expand its global reach, providing unforgettable experiences to millions of users across more than 200 major cities worldwide.
How Much Funding Has Fever Raised?
- Seed Round
- Amount Raised: $1.9M
- Date: May 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial technology.
- Series A
- Amount Raised: $7.9M
- Date: October 2014
- Lead Investors: 14W, Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's reach and enhance user experience.
- Series B
- Amount Raised: $12M
- Date: November 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series C
- Amount Raised: $20M
- Date: February 2018
- Lead Investors: Atresmedia, Labtech
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and increase market penetration.
- Series D
- Amount Raised: $30M
- Date: May 2019
- Lead Investors: Rakuten
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and enhance technological capabilities.
- Series E
- Amount Raised: $227M
- Date: December 2021
- Lead Investors: Goldman Sachs Asset Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To solidify its market position and prepare for potential IPO.
- Venture Round
- Amount Raised: $110M
- Date: January 2023
- Lead Investors: Goldman Sachs
- Valuation at Round: $1.8B
- Motivation Behind the Round: To support continued growth and consolidation in the U.S. market.
Total Amount Raised: $408.8M. Current Valuation: $1.8B.
Key Investors
- Goldman Sachs
- Details: Goldman Sachs is a leading global investment banking, securities, and investment management firm. It provides a wide range of financial services to a substantial and diversified client base.
- Investment Focus Areas: Growth equity, technology, consumer markets.
- Notable Investments: Uber, Spotify, WeWork.
- Rakuten
- Details: Rakuten is a Japanese electronic commerce and online retailing company based in Tokyo. It operates Japan's largest e-commerce site and provides various services in e-commerce, fintech, digital content, and communications.
- Investment Focus Areas: E-commerce, fintech, digital content.
- Notable Investments: Lyft, Pinterest, Careem.
- 14W
- Details: 14W is a venture capital firm that invests in early-stage consumer technology companies. The firm focuses on companies that have the potential to become category leaders.
- Investment Focus Areas: Consumer technology, e-commerce, digital media.
- Notable Investments: Glossier, Goop, Outdoor Voices.
- Accel
- Details: Accel is a global venture capital firm that partners with exceptional founders with unique insights, from inception through all phases of private company growth.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: Facebook, Dropbox, Slack.
- Goodwater Capital
- Details: Goodwater Capital is a venture capital firm focused on consumer technology. The firm aims to empower exceptional entrepreneurs who are changing the world through consumer technology.
- Investment Focus Areas: Consumer technology.
- Notable Investments: Spotify, TikTok, Musical.ly.
What's Next for Fever?
Fever's future looks promising, with significant opportunities in the U.S. market, which already accounts for over half of its revenue. The company is also eyeing a potential IPO to further bolster its financial standing. Collaborations with globally recognized brands for unique experiences, such as "Harry Potter: The Forbidden Forest" and "Stranger Things: The Experience," present substantial growth potential.
Future fundraising opportunities are likely, given the continued interest from major investment funds like Goldman Sachs and Eurazeo. However, Fever will need to navigate challenges such as maintaining its market share in a competitive landscape and successfully executing a future IPO amidst market volatility. Scaling operations and technology to support global expansion will also be crucial for sustained growth.
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