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- Fever
Fever Valuation, Funding & Investors
Fever is valued at $5.2B as of September 2026.
Last Fever valuation
$5.2B
Undisclosed stage · Sep 2026
Last Fever funding round
$250M
Undisclosed stage · Sep 2026
Cumulative funding Fever raised
$764M
across 9 funding rounds
Key investors in Fever
Accel
14W
Convivialite Ventures
Atresmedia
Goldman Sachs
Goodwater Capital
About Fever
Fever is a live-entertainment discovery and ticketing technology company founded in 2014. Its consumer platform helps users find and book concerts, exhibitions, sports, theater, festivals and other local experiences across international cities. Fever also works with artists, venues, brands and intellectual-property owners to develop, price, market and distribute events using audience and demand data. The company earns revenue from ticket commissions, event production and technology-enabled services to experience partners. It operates across more than 40 countries and said its platform inspired more than 300 million people to discover live entertainment during the year before Portugal Ventures' exit. Fever is headquartered in New York and maintains technology and operating teams in several markets, including Portugal and Spain.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2C & B2B
Revenue model
Commission
Valuation
$5.2B (Sep 2026)
Fever Valuation
Fever is currently valued at $5.2B, based on its undisclosed-stage round in September 2026.
The $250M round was led by EQT, with participation from Baillie Gifford and Point72 Ventures.
Fever's valuation has grown 5.2x from $1B at its Series E in January 2022 to $5.2B in September 2026, across 3 priced rounds.
Fever valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2026 | Undisclosed stage | $5.2B |
| Jan 2023 | Undisclosed stage | $2B |
| Jan 2022 | Series E | $1B |
Fever Funding History
Fever has raised a total of $764M across 9 funding rounds, plus 1 secondary share sale.
Fever's first fundraising round was a $2M seed round in May 2014. The most recent completed round was a $250M undisclosed-stage round in September 2026.
Fever funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2026 | Undisclosed stage | EQT (lead); Baillie Gifford; Point72 Ventures | $250M | $5.2B | Fever raised $250 million in a primary equity financing round on September 17, 2026, led by EQT, with significant participation from Point72 Private Investments and Baillie Gifford alongside other existing investors. The round was structured as a primary equity round issuing common stock and carried a $5.2 billion post-money valuation. Fever will use the proceeds to expand beyond the 55 countries where it already operates, deepen its presence across entertainment categories, and increase investment in technology and tools for partners such as promoters, venues, sports teams, attractions, artists, museums, and cultural institutions. At the time of the round Fever had more than tripled its revenue over the prior three years while remaining EBITDA-positive. The company, co-founded by Ignacio Bachiller, Francisco Hein, and Alexandre Pérez, operates a technology platform for live entertainment and culture and owns the ticketing service DICE. |
| Mar 2026 | Secondary | - | - | - | Portugal Ventures announced on March 19, 2026 that it had exited its investment in Fever and realized an average return equal to fifteen times its invested capital. The official account presents the purchaser, transaction structure, stake sold and proceeds as confidential transaction details. Portugal Ventures said it had initially invested in Fever in 2016 to support the company's expansion into Portugal and the development of its local technology presence. Fever operates a consumer discovery and ticketing platform for live entertainment and also supplies data and technology to event creators and venue partners. The firm reported that Fever served more than 300 million people during the prior year and operated across more than 40 countries. |
| Jun 2025 | Undisclosed stage | L Catterton (lead); Point72 (lead) | $100M | - | Fever is a Madrid- and New York-based live entertainment discovery platform operating in over 40 countries, reaching over 200 million people monthly with personalized recommendations for immersive exhibitions, interactive experiences, festivals, concerts, and sports events. It provides ticketing, demand generation, and analytics for partners including Real Madrid, FC Barcelona, LIV Golf, and X Games, and develops exclusive 'Fever Originals' events based on popular IP like Bridgerton and Stranger Things using AI-driven personalization, pricing optimization, and revenue generation tools. In June 2025, Fever secured over $100 million in an equity funding round led by L Catterton and Point72 Private Investments, with participation from existing investors, to fuel growth in music and sports. The round, announced on June 4, 2025, builds on prior raises including $227 million in 2022 and $110 million in 2023, bringing total funding to around $527 million. Fever reported over 20x revenue growth from pre-pandemic levels in 2024 while maintaining full-year EBITDA profitability, highlighting strong traction amid industry recovery. The investment leverages Point72's sports ties, exploring partnerships like with the New York Mets owned by Point72's Steve Cohen, and L Catterton's consumer expertise for experiential marketing and branded events. Positioned as an independent tech alternative to legacy players, Fever emphasizes innovation in discovery, distribution, and monetization, partnering with content owners rather than competing, to empower fans, promoters, venues, and institutions in a reinvigorated live experiences market. |
| Jan 2023 | Undisclosed stage | Goldman Sachs (lead); Smash Capital; Convivialite Ventures; Goodwater Capital; Alignment Growth; Eurazeo; Vitruvian Partners; Atresmedia | $110M | $2B | Fever raised USD 110 million in a venture round announced in January 2023 at a valuation of USD 1.8 billion. Goldman Sachs, a historic backer of the company, led the round, with participation from Eurazeo, Convivialite Ventures, Goodwater Capital, Alignment Growth, Vitruvian Partners and Smash Capital. The round came just over a year after Fever's USD 227 million Series E, which was also led by Goldman Sachs and valued the company at over USD 1 billion. Fever is a live entertainment discovery and ticketing platform with Spanish roots, headquartered in Madrid with a large presence in New York, and it operates in more than 40 countries. It sells and produces experiences such as the Candlelight classical concert series, which made it the largest seller of live classical music in the world, and licensed events built around Harry Potter, Stranger Things, Van Gogh and Jurassic World. The new capital was intended to fund content development and expansion. |
| Jan 2022 | Series E | Goldman Sachs (lead); Convivialite Ventures; Goodwater Capital; Alignment Growth; Eurazeo; Vitruvian Partners; Smash Ventures | $227M | $1B | Goldman Sachs Asset Management's Growth Equity business led a $227 million primary financing in Fever in January 2022, the largest round for a live-entertainment technology startup. Alignment Growth, Goodwater Capital, Smash Capital and a group of investment banking executives took part, and Eurazeo and Vitruvian Partners made an undisclosed secondary investment. The round valued the company at more than $1 billion. Fever is a Spain-based live-entertainment discovery platform that connects users with concerts, festivals, immersive exhibitions and cultural events in more than 60 cities across Europe, America, Asia and Oceania, with the US as its largest market. It was co-founded by Ignacio Bachiller Strohlein, who is chief executive, Alexandre Perez Casares and Francisco Hein. The company said its revenue had grown tenfold since its 2019 financing despite the pandemic. The proceeds were earmarked for global expansion, artificial-intelligence-driven event discovery, engineering, data science and partnerships with event organisers. Goldman Sachs's Stephen Kerns pointed to the team's revenue growth and the potential in accessible culture and entertainment. |
| May 2019 | Series D | Rakuten (lead); Portugal Ventures; Convivialite Ventures; Michael Zeisser; Nimble Ventures; Accel; Atresmedia | $35M | - | - |
| Feb 2018 | Series C | Atresmedia (lead); Labtech (lead); 14W; Accel | $20M | - | Fever is a live entertainment technology platform that inspires people to discover offline experiences in their cities through a marketplace and Secret Media Network, operating in cities like London, New York, Paris, Madrid, and Barcelona as of 2018, with expansion plans to Los Angeles, Ibiza, Lisbon, and Dubai. The company combines event discovery, ticketing, and demand generation, earning commissions from organizers based on additional ticket sales driven by its platform and data-driven optimization. In July 2018, Fever raised a $20 million Series C round co-led by Atresmedia and Labtech, with participation from existing investors Accel Partners and 14W Ventures. This brought total funding to around $39.3 million at the time, following a $3 million seed in 2014 and prior raises. The investment supported growth in the experience economy and digital marketing, leveraging Fever's technology for audience mobilization and synergies with media partners like Atresmedia. By mid-2018, Fever's operations in key cities had achieved break-even a year prior and were growing at 100% year-over-year self-sufficiently. The platform supplemented third-party event discovery by programming its own A/B-tested events, enhancing its model without changing the core commission-based structure. |
| Nov 2015 | Series B | Portugal Ventures; Fidelity; 14W; Accel | $12M | - | - |
| Oct 2014 | Series A | 14W (lead); Accel (lead); Eight Roads Ventures; Pep Gomez; Caixa Capital | $8M | - | Fever operates a local events discovery app enabling users to find and buy tickets or deals for concerts, restaurants, and other events in cities like Madrid, New York, and London. The platform had achieved significant traction by late 2014, with over 200,000 monthly users buying tickets, gross transactions surpassing $70 million, and annualized net revenue run rate between $1.5 million and $2 million. Spain and the US each contributed about 40% to the bottom line, with the UK at 20%. In its Series B round around October 2014, Fever raised $12 million from investors including Accel Partners, Fidelity, 14W Ventures, and Solon Inversiones, all of whom had participated in the prior Series A six months earlier. Sources indicated the company's valuation had doubled from the Series A. The funding came amid stabilizing operations following internal changes since its founding in Barcelona in 2011. Interest from major players like Eventbrite was evident, as they explored collaboration opportunities. Fever continued expanding post-2014, raising additional rounds including €11 million in 2016 led by Accel Partners. |
| May 2014 | Seed | Bernardo Hernandez; Rhapsody Venture Partners; Solon Ventures; Sergio Ramos; Jeff Pulver | $2M | - | - |
Who has invested in Fever?
30 investors have backed Fever across its funding rounds, including Accel, 14W, Convivialite Ventures, Atresmedia, Goldman Sachs and Goodwater Capital.
Lead investors include EQT, L Catterton, Point72, Goldman Sachs, Rakuten and 4 other investors.
Fever Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Oct 2014 | ||
| 3 | Participant | May 2019 | ||
| 3 | Lead | Oct 2014 | ||
| 3 | Lead | Feb 2018 | ||
| 2 | Participant | Nov 2015 | ||
| 2 | Lead | Jan 2022 | ||
| 2 | Participant | Jan 2022 | ||
| 2 | Participant | Jan 2022 | ||
| 2 | Participant | Jan 2022 | ||
| 2 | Participant | Jan 2022 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Lead | Feb 2018 | ||
| 1 | Participant | Jan 2023 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Fever
Fever has acquired 2 companies to date.
Last acquisition by Fever was on June 5th 2025. Fever acquired DICE for undisclosed valuation.
Latest Acquisitions by Fever
| Description | DICE is a London-headquartered ticketing platform founded in 2014, operating in the UK, US, France, Italy, Spain, India, and Australia. It enables fans to discover, save, and purchase tickets for live music events, comedy shows, and streams via iOS and Android apps. Features include personalized recommendations, ticket transfer, and resale protection against touts. | Atom Tickets is a Los Angeles digital ticketing company founded in 2014. Its mobile application and website let moviegoers discover films, view trailers and reviews, find nearby screenings, reserve seats, and buy cinema tickets. Groups can coordinate attendance through shared invitations while each person pays separately, and customers at participating theaters can preorder food and drinks for pickup. Atom integrates with major United States cinema chains and earns commissions and service fees from ticket and concession transactions. The platform also supports selected entertainment events beyond conventional film screenings. Fever acquired Atom in March 2025, adding North American cinema ticketing and customer data to its broader live-entertainment discovery, event-production, and ticket-distribution business. |
| HQ Country | ||
| HQ City | London | Los Angeles, CA |
| Deal Date | 5 Jun 2025 | 1 Mar 2025 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Fever acquisitions and their M&A valuation multiples. Start Free Trial | ||
Fever Competitors
Fever competitors include listed companies like CTS Eventim, Rightmove, Autotrader Group and Swiggy, and private ones like Rappi and QuintoAndar.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $3.4B | $604M | $7B | 1.5x | ||
| Private | - | - | $5.3B | - | ||
| Private | $29M | - | $5.1B | - | ||
| Publicly listed | $569M | $396M | $5B | 8.2x | ||
| Publicly listed | $835M | $556M | $5.5B | 6.7x | ||
| Publicly listed | $2.4B | ($325M) | $4.9B | 1.3x |
Fever Public Comps
Fever is still privately-owned, but its public comps include Rightmove, Autotrader Group, Swiggy, Openlane, Kakaku.com, Vend Marketplaces, AUTO1 Group, Travel+Leisure, Lyft and MakeMyTrip.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $569M | $396M | 8.7x | 8.2x | 12.5x | 11.8x | |||
| $835M | $556M | 6.9x | 6.7x | 10.3x | 10.1x | |||
| $2.4B | ($325M) | 1.6x | 1.3x | (12.0x) | (12.9x) | |||
| $1.9B | $302M | 2.7x | 2.4x | 17.1x | 13.5x | |||
| $597M | $173M | 7.4x | 6.6x | 25.6x | 20.5x | |||
| $684M | $20M | 6.8x | 6.6x | 233.4x | 17.4x | |||
| $9.1B | $193M | 0.6x | 0.5x | 29.4x | 20.3x | |||
| $4B | $684M | 2.5x | 2.4x | 14.7x | 9.5x | |||
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Common questions about Fever
| When was Fever founded? | Fever was founded in 2014. |
| Where is Fever headquartered? | Fever is headquartered in Madrid, Spain. |
| Is Fever publicly listed? | No, Fever is a private, VC-backed company. |
| What is Fever's valuation? | Fever was last valued at $5.2B in its undisclosed-stage round in September 2026. |
| How much funding has Fever raised? | Fever has raised $764M across 9 funding rounds. |
| What was Fever's last funding round? | Fever's last funding round was a $250M undisclosed-stage round in September 2026, led by EQT. |
| Who are Fever's investors? | Fever's investors include Accel, Convivialite Ventures, 14W, Atresmedia, Portugal Ventures, Goldman Sachs, Goodwater Capital, Alignment Growth, Eurazeo, Vitruvian Partners and 20 others. |
| Which companies are comparable to Fever? | Companies comparable to Fever include CTS Eventim, Rappi, QuintoAndar, Rightmove, Autotrader Group and Swiggy. |
| How many companies has Fever acquired? | Fever has acquired 2 companies, including DICE and Atom Tickets. |
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