Fever raises $250m in equity financing – the largest amount ever for a live entertainment tech firm

Feverhas raised $250 million in a primary equity financing round – the largest amount ever for a live entertainment tech company. 

EQT, Europe’s largest private markets investor, led the investment round in Fever, with significant participation from Point72 Private Investments and Baillie Gifford, as well as other existing investors.

“The round follows three years of sustained growth at scale, during which Fever has more than tripled its revenue, remained EBITDA-positive, and strengthened its position across North America and Asia,” said a statement.

Fever recently marked the first anniversary of itsacquisition of UK ticketing firm Dice, winners at this year’s Music Week Awards.

“In a world rapidly being reshaped by AI, demand for in-person, shared experiences is accelerating, as more people turn to live entertainment for the kind of connection no screen can offer,” added the statement. “Fever’s mission, to democratise access to culture and live entertainment, sits at the centre of that shift, and this funding allows the company to accelerate it.”

Fever was co-founded and led by Spanish executives Ignacio Bachiller, Francisco Hein and Alexandre Perez. The company will use the capital to expand its geographic footprint beyond the 55 countries in which it operates today and to deepen its presence across all major entertainment categories. 

It will also step up investment in technology and tools for itspartners– including promoters, venues, sports teams, attractions, artists, museums and cultural institutions – to help understand demand, reach the right audiences, optimise ticketing and take successful formats into new markets.

Formula 1, SailGP, X Games, the FIFA Arab Cup, Kew Gardens, the National Museum of the Royal Navy and the Frida Kahlo Museum have recently joined a partner roster that already includes FC Barcelona, Atlético de Madrid, the Palace of Versailles, Netflix and Warner Bros.

Under its new global agreement with Formula 1, Fever will serve as an official supplier confirmed up to 2031, providing ticketing technology and supporting fan-experience optimisation.