Goldman Sachs leads new $110m investment in live entertainment tech company Fever – Music Business Worldwide

Live entertainment tech company Fever has secured a fresh $110 million investment, reportedly giving the company a $1.8 billion valuation.

The news was first published by tech.eu, which reports the lead investor was Goldman Sachs, with participation from Eurazeo, Convivialité Ventures, Goodwater Capital, Alignment Growth, Vitruvian Partners, and Smash Capital.

News of the New York-headquartered company’s latest round comes a year after closing a previous funding round of $227 million, also led by Goldman Sachs.

The firm claimed at the time that the round was “the largest ever for a live-entertainment tech startup”, and valued the company at over $1 billion.

Fever runs exclusive events, and directs its users to restaurants, concerts, nightlife, sports events, fashion shows, pop-ups, and more.

The company uses proprietary technology and claims to reach a global audience of over 125 million people.

Some successful examples include the “Candlelight Concerts” attended by over 3 million guests, “Stranger Things: The Experience” co-produced with Netflix, or “Van Gogh: The Immersive Experience.

The company is present in over 100 cities globally including London, New York, Los Angeles, Madrid, Paris, São Paulo, Mexico City, Sydney, Milan, Toronto…

Fever is co-led by Ignacio Bachiller Ströhlein, Alexandre Perez Casares, and Francisco Hein, says that it has developed proprietary technology for its event discovery platform.

Tech.eu reports that Fever double its turnover over the past year and that 50% of the company’s revenues come from North America.

The report suggests further that via its “Candlelight” claisscal music series, Fever ‘has become the largest seller of live classical music in the world’.

Music Business Worldwide