Live <a href="https://comicvibe.com/kroenke-sports-and-entertainment-announces-135-million-ball-arena-renovations/” title=”Kroenke Sports and Entertainment announces $135 million Ball Arena renovations”>entertainment technology company Fever, which owns ticketing platform DICE, has raised $250 million in a major new funding round as investors continue to bet big on the future of in-person experiences.
The primary equity financing was led by EQT, with participation from Point72 Private Investments, Baillie Gifford and existing investors.
Fever described the raise as the largest-ever funding round for a live entertainment technology company.
And apparently, even in an increasingly AI-powered world, investors are still putting serious money behind something technology can’t completely replace: actually being there.
Fever Plans Global Expansion
According to Fever’s official announcement, the company has more than tripled its revenue over the past three years while remaining EBITDA-positive.
Fever currently operates across 55 countries, and plans to use the new capital to expand into additional markets while investing further in its technology and tools for promoters, venues, artists, sports teams and cultural institutions.
Those tools are designed to help partners understand demand, reach audiences, optimize ticketing and bring successful event formats into new markets.
Fever’s growing network already includes partners such as Formula 1, Primavera Sound and the Palace of Versailles, while the company also produces and distributes experiences ranging from its popular Candlelight concerts to immersive entertainment.
DICE Adds to Fever’s Music Footprint
For the music industry, one of the most important pieces of Fever’s expansion is DICE.
Fever <a href="https://newsroom.feverup.com/en-US/250024-fever-and-dice-join-forces-to-shape-the-future-of-live-entertainment/” rel=”nofollow noopener” target=”_blank”>acquired the ticketing platform in June 2025, bringing a major music-focused ticketing business into its growing live entertainment operation.
DICE works with venues, promoters and festivals including Club Space, Sónar, Newport Jazz Festival, Newport Folk Festival, Alexandra Palace and Rough Trade.
A year after the acquisition, Fever said the two companies had experienced record growth, while continuing to develop their technology and international reach.
The latest $250 million investment gives Fever significantly more capital to continue that expansion.
Live Experiences Are Still Big Business
Fever’s announcement also leaned heavily into the contrast between the rapid rise of artificial intelligence and growing demand for real-world experiences.
In a world rapidly being reshaped by AI, demand for in-person, shared experiences is accelerating.
the company said, pointing to the connection created by live entertainment that screens can’t fully replicate.
Whether that’s a festival, club night, concert or immersive experience, the message behind this investment is pretty clear:
People still want to get off their screens and experience things in real life—and investors are betting $250 million that they’ll keep doing it.
