Fever has secured $250 million in a new equity funding round as the live entertainment platform prepares to expand its international operations. The company plans to use the new investment to enter additional markets and strengthen its activities across different areas of entertainment.
The company currently operates in more than 55 countries and provides technology that helps audiences discover concerts, cultural events, exhibitions, festivals and other live experiences. It has also reported that its revenue has more than tripled over the past three years while maintaining positive earnings before interest, taxes, depreciation and amortisation.
The fresh funding will support further investment in technology and tools for event organisers, venues, artists, sports teams and cultural institutions. The company also plans to strengthen its presence across international markets and help entertainment partners reach audiences and develop new experiences.