Fever raises €220 million in EQT-led round, the largest ever for a live-entertainment tech firm
What's the deal? Fever, a Spanish technology platform for live entertainment and culture, has raised €217 million ($250 million) in a late-stage round led by EQTDealroom has a profile for this one. Try Dealroom →, with significant participation from Point72 Private InvestmentsDealroom has a profile for this one. Try Dealroom →, Baillie Gifford, and existing investors. The company calls it the "largest ever" round by a technology firm focused on live culture and entertainment.
What does Fever do? It runs a platform that helps a network of partners — promoters, venues, sports teams, museums, and cultural institutions — predict demand, reach audiences, and sell tickets. Its clients include Formula 1Dealroom has a profile for this one. Try Dealroom →, SailGPDealroom has a profile for this one. Try Dealroom →, the X-GamesDealroom has a profile for this one. Try Dealroom →, the Palace of VersaillesDealroom has a profile for this one. Try Dealroom →, Netflix, and Warner Bros.Dealroom has a profile for this one. Try Dealroom →
What's the money for? Fever will expand beyond the 55 countries where it already operates and strengthen its position across major entertainment categories. It also plans to increase investment in technology and partner tools.
Why now? The company says the round comes "at a moment of sustained growth." Over the past three years, Fever has more than tripled its revenue while keeping EBITDA positive.
By the numbers: Fever was valued at more than €4.5 billion when AtresmediaDealroom has a profile for this one. Try Dealroom → sold its 5% stake to Vitruvian PartnersDealroom has a profile for this one. Try Dealroom → for €227 million. It raised €200 million in 2022 at a valuation above €1 billion, and reached around €3 billion in a 2025 round.
The signal: The deal ranks in the top 1% of all-time late-stage venture rounds in US travel, by sample of 77. That places Fever among the biggest bets on the live-experience economy, backed by investors including Goldman SachsDealroom has a profile for this one. Try Dealroom → and LVMHDealroom has a profile for this one. Try Dealroom →'s L CattertonDealroom has a profile for this one. Try Dealroom → — and reinforced by a new Formula 1 ticketing deal running through 2032.
Read more: expansion.com
Image credit: miemo
