Fever, the entertainment discovery platform, has raised $227 million with a valuation of more than $1 billion
Investment in company was led by the growth equity arm of Goldman Sachs Asset Management with Alignment Growth, Goodwater Capital and Smash Capital also participating.
According to a statement, Eurazeo and Vitruvian Partners have also invested an undisclosed amount in addition to the $227 million.
Madrid and New York-based Fever helps users find live events in their local city while helping event creators to reach wider audiences.
The company says it has grown its revenue tenfold since 2019 despite the pandemic.
The company received funding of $35 million in mid-2019 saying the funds would go towards further expansion as well as boosting its engineering and data science teams.
Ignacio Bachiller Ströhlein, Fever’s CEO said: “We’re proud of our role in empowering experience creators to deliver memorable real-life experiences to millions around the world seeking to share unique moments. Despite the challenges of the pandemic and the novelty of the metaverse, there has never been a better time for thrilling and well-curated IRL events.”
Stephen Kerns, managing director of the growth equity business at Goldman Sachs Asset Management, said: “Fever’s ability to grow revenue tenfold in the last two years demonstrates both the strength of its team and the enduring demand for real-life experiences. Fever’s success is underpinned by smart technology, amazing partnerships, and dedicated creators –three factors which we believe will ensure its continued growth and expansion in the future.”