Fever Raises $250M Series C+ Led by EQT

Madrid-based live-entertainment and culture discovery platform Fever has raised a $250 million Series C+ round, according to funding data. The round was led by EQT and included participation from Baillie Gifford and Point72 Private Investments.

What Fever Does

Fever operates a marketplace and ticketing technology platform for live entertainment and cultural experiences. Its technology helps promoters, venues, sports teams, museums, and cultural institutions predict demand, reach audiences, and sell experiences.

The company was founded by Ignacio Bachiller (CEO), Francisco Hein, and Alexandre Perez. It operates in 55 countries and partners with organisations including Formula 1, SailGP, the Palace of Versailles, Netflix, and Warner Bros. Fever also owns UK ticketing platform Dice.

The Round at a Glance

Company: Fever
Round type: Series C+
Amount raised: $250,000,000
Lead investor: EQT
Additional investors: Baillie Gifford, Point72 Private Investments
Headquarters: Madrid, Spain

Business Momentum

Fever's funding comes alongside notable operating performance. The company has more than tripled its revenue over the past three years while remaining EBITDA positive — a combination that is uncommon among high-growth marketplace businesses.

That profile — rapid revenue expansion paired with profitability — is likely a key factor in attracting a lead investor of EQT's scale, alongside Baillie Gifford and Point72 Private Investments.

Global Reach and Partnerships

Fever's platform spans 55 countries, giving it a broad international footprint in the live-entertainment and culture sector. Its partner roster includes globally recognised names across sport, heritage, and entertainment:

Formula 1
SailGP
The Palace of Versailles
Netflix
Warner Bros.

In addition to these partnerships, Fever owns Dice, a UK ticketing platform, extending its position in the ticketing market.

Why the Raise Matters

The Series C+ is a substantial round for the live-entertainment technology sector. Fever sits at the intersection of two trends: the continued growth of experience-driven spending and the digitisation of ticketing and demand prediction for venues and promoters.

For acquirers and strategic investors, Fever's combination of global scale, marquee partnerships, owned ticketing assets, and profitable growth makes it a notable player in the category. The company's ability to serve both large institutions and a wide range of promoters and venues suggests a platform model with multiple expansion paths.

The Investor Base

EQT led the round, anchoring the raise.
Baillie Gifford participated.
Point72 Private Investments participated.

The mix brings together a large private equity investor, a long-established asset manager, and a private investments arm — a group consistent with a company at Fever's stage and scale.

What to Watch

With $250 million in new capital, Fever is positioned to continue building out its marketplace and ticketing technology across its 55-country footprint. Its track record of revenue growth alongside EBITDA positivity will be a key metric to watch as the company deploys the round.

Summary

Fever, the Madrid-based live-entertainment and culture discovery platform, has raised $250 million in Series C+ funding led by EQT, with Baillie Gifford and Point72 Private Investments also participating. The company operates in 55 countries, partners with major global brands, owns UK ticketing platform Dice, and has more than tripled revenue over the past three years while remaining EBITDA positive.