Just over one year since hauling down over $227 million in a Series E round, one that saw Fever obtain a valuation of over $1 billion, New York City-based, but with strong Spanish roots live entertainment discovery platform Fever has ordered up a new ticket in the form of $110 million.
The venture funding round was led by historic backer of the platform Goldman Sachs and saw the participation of Eurazeo, Convivialité Ventures, Goodwater Capital, Alignment Growth, Vitruvian Partners, and Smash Capital.
Despite waves of valuations slashed in recent months, Fever seems to be growing from strength to strength, reporting closing in on a double unicorn valuation, now hovering at $1.8 billion.
According to the company, over the last year, its been able to double its turnover, with North America now comprising over 50 percent of the group’s revenues. Not exactly a shocker with lockdowns all but a thing of the past, and cabin fever starved humans of ever size, shape, and colour clamouring to be surrounded by others in the dark with amplified sound and thousands of lumens meeting their collective cerebral cortices.
Even if you haven’t participated in an event directly via Fever, I’m willing to bet you’ve either attended, know of, or have a friend who has. The group’s been involved with Harry Potter, Stranger Things, Van Gogh, Jurassic World, and the Friends experiences.
If none of those have appeared on your radar, I can guarantee that your insta feed has displayed one ad or another for the Candlelight classical music concert series (they’re inescapable). In so much, via the Candlelight series, Fever has become the largest seller of live classical music in the world.
The new funding round is aimed at doubling down on these efforts and investing in new content opportunities. In other words, even more fuel for the fire that is burning over at Fever.