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Live entertainment technology company Fever has raised $110 million in new funding, valuing the company at a reported $1.8 billion.
This news was first reported by tech.eu, According to reports, the main investors are Goldman Sachswith participation from Eurazeo, Convivialité Ventures, Goodwater Capital, Alignment Growth, Vitruvian Partners and Smash Capital.
News of the New York-based company’s latest funding round comes a year after closing one Last round of financing of $227 million, and led by Goldman Sachs.
The company claimed at the time that the round was “the largest ever for a live entertainment technology startup” and valued the company at more than $1 billion.
Fever hosts exclusive events and directs its users to restaurants, concerts, nightlife, sporting events, fashion shows, pop-up stores and more.
The company uses proprietary technology and claims to reach a global audience of over 125 million.
Some successes include the “Candlelight Concert” attended by more than 3 million guests, the Netflixor “Van Gogh: An Immersive Experience.
The company operates in more than 100 cities around the world, including London, New York, Los Angeles, Madrid, Paris, São Paulo, Mexico City, Sydney, Milan, Toronto…
Fever is co-led by Ignacio Bachiller Ströhlein, Alexander Perez Casaresand Francisco Haynesaying it has developed proprietary technology for its event discovery platform.
Tech.eu reports that Fever’s turnover has doubled in the past year, with 50% of the company’s revenue coming from North America.
The report further indicated that Fever “has become the world’s largest seller of live classical music” through its “Candlelight” classical music series.
Global Music Business
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