Photo Credit: Fever
Fever secures over $100 million in funding to further its position as a leader in live experiences, namely music and sports.
Fever is on the rise with funding to further its continued growth as a leading platform for live experiences like music and sports. Fever has secured over $100 million in funding from L Catterton and Point72 Private Investors through the completion of an equity funding process, including existing investors.
The technology platform—now operating in over 40 countries—has become a trusted partner for prestigious institutions across all live entertainment verticals, with a strong track record in the past year in both sports and live music. Fever now reaches hundreds of millions of people through its discovery platform and media.
Fever continues to cement its reputation as a disruptor in live entertainment. The company has built a dynamic, multi-category, data-driven ecosystem that connects millions of fans worldwide with the most exciting venues, festivals, and independent promoters.
Some recent marquee partnerships include influential independent promoters like TCE Presents, Cercle Music, and Last Tour; iconic venues like the Clapham Grand and Brooklyn Storehouse; and culture-defining festivals like Rock in Rio Lisboa, Primavera Sound, and Pitchfork Music Festival.
The platform also provides ticketing and demand generation for some of the world’s most renowned sports organizations, including Real Madrid and FC Barcelona, LIV Golf, and the X Games.
This financing highlights a remarkable year prior for the company, during which it achieved over 20x revenue growth from pre-pandemic levels, while maintaining full-year EBITDA profitability.
Point72 Private Investments’ backing of Fever underscores the growing role of technology in shaping the sports industry. Fever is now exploring opportunities to work with the New York Mets, owned by Point72 Chairman and CEO Steve Cohen, to further enhance fan engagement through experiences.
Fever will also leverage L Catterton’s deep consumer insights and look to unlock new opportunities to engage audiences through experiential marketing and branded events, in line with the growing trend of brands leveraging live experiences to strengthen customer connections. The company is redefining the landscape as legacy players struggle to adapt, emerging as an independent, innovation-led alternative in a market long overdue for reinvention.
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