Interesting startups for investors: Fever, multiplies its income by 10 in a few years

Fever is a company specialized in the democratization of access to culture and entertainment, which offers different leisure options in the main cities of Spain, but also in the big cities of the rest of the world. From musicals to concerts, through plays, movies, humor or exhibitions to offers in restaurants suitable for all budgets.

Through its own technology, which is developed from Spain, Fever helps a community of millions of users to find the best plans in their cities, while empowering organizers and creators to reach new audiences and enrich their experiences with data.

The model used is the marketplace. It is the producer or creator who owns the experience and who receives the “income”. Subsequently, Fever charges a fees to each ticket sold through its services.

Producers and creators of experiences

The Fever community is able to find events that come from top tier organizers who are proven professionals and have a proven track record. In this way, its team of analysts and engineers carefully select and monitor the community of producers and creators of experiences. Thanks to this, Fever also offers immersive exhibitsinteractive theater experiences, festivals and molecular cocktail pop-ups.

Fever launched its current product in 2014 and for almost a decade it has been growing steadily. It is currently headquartered in Madrid as well as offices in cities around the world such as New York, Los Angeles, Chicago, Mexico City, Singapore, Sydney, London, Paris or Lisbon.

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Income multiplied by 10 since 2019

The company is valued at $1.8 billion (€1.680 million) and has experienced spectacular growth in the last four years, since it has been able to multiply its revenue by 10 since 2019.

Likewise, Fever has prominent investors such as Goldman Sachs, who led a financing round in January in which the organization raised 101.2 million euros; Eurazeo, one of the largest European private equity funds for growth; Convivialité Ventures, an investment fund focused on the intersection between technology and entertainment, and Goodwater Capital, one of the largest “consumer tech” funds in Silicon Valley, investors in Monzo, Spotify and Tiktok.

Other companies have also contributed to the company’s growth, such as Alignment Growth, run by former directors of Warner Bros. and Time Warner; Vitruvian Partners; Smash Capital, a venture capital fund run by former Disney executives and investors in companies such as Epic Games, creators of Fortnite and Atresmedia Diversificación, among others.

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