Fever secures USD 250 million in record funding round

Live-entertainment technology platform Fever has secured USD 250 million in a primary equity financing round, marking a record-breaking funding event for the sector. The round was led by EQT, with participation from Athletic Ventures, Point72 Private Investments, and Baillie Gifford.

The capital injection follows three years of rapid scaling during which Fever tripled its revenue while maintaining positive EBITDA. The company plans to use the funds to expand its operational footprint across more than 55 countries and enhance technological integration for sports organizations, venues, and cultural institutions.

Fever has established significant partnerships, including a deal with Formula 1 through 2031 to provide ticketing technology, international distribution, and hospitality services. The company also manages experiences such as the Candlelight concert series and maintains a presence in markets like Brazil, where it handles ticketing for major events like the São Paulo International Book Biennial.