Funding round
Fever Growth
Reported as "Growth Equity"
Fever, which works in live entertainment discovery and recommendation services in New York, raised $227M in a Growth round announced on 26 Jan 2022, led by Goldman Sachs and Goldman Sachs Asset Management, at a $1.00B post-money valuation. 7 firms took part. It is Fever's second venture round on record; the one before was a Series C in Jul 2018.
$227M
Amount raised
$1.00B
Post-money valuation
$773M pre-money
7
Investors
2 leads
23%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Fever at $1.00B after the new money. The $227M bought investors about 23% of the company. It came 42 months after Fever's Series C. It is 50% of the $457M Fever has raised in the venture rounds on record. Fever raised again 13 months later: a Growth round of $110M in Feb 2023, at $1.80B post-money.
Fever's funding rounds
Fever has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Goldman Sachs and Goldman Sachs Asset Management led the round with 5 other firms.
Lead investors
- Goldman Sachs backs 218 venture-backed companies new investor
- Goldman Sachs Asset Management
Also in the round
- backs 3 venture-backed companies new investor
- Goodwater Capital backs 162 venture-backed companies new investor
- Smash Capital new investor
- Eurazeo backs 103 venture-backed companies new investor
- backs 27 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
443 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $58M, and this round was 3.9 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| project44 Tech Companies | 11 Jan 2022 | $420M | not disclosed | Thoma Bravo and TPG |
| Animoca Brands Tech Companies | 18 Jan 2022 | $359M | $5.00B | Liberty City Ventures |
| Assent Tech Companies | 6 Jan 2022 | $350M | $1.00B | Vista Equity Partners |
| Tech Companies | 26 Jan 2022 | $295M | $2.70B | not named |
| Tech Companies | 12 Jan 2022 | $190M | $1.20B | Advent International and Insight Partners |
| Tech Companies | 14 Jan 2022 | $161M | not disclosed | not named |
| NEAR Tech Companies | 13 Jan 2022 | $150M | not disclosed | Three Arrows Capital |
| Tech Companies | 21 Jan 2022 | $150M | not disclosed | Vista Equity Partners |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Fever raise in its Growth round?
Fever raised $227M in its Growth round, announced in Jan 2022.
Who led Fever's Growth round?
Goldman Sachs and Goldman Sachs Asset Management led it, with Alignment Growth, Goodwater Capital, Smash Capital, Eurazeo and Vitruvian Partners.
What was Fever's valuation at the Growth round?
$1.00B post-money ($773M pre-money).
How does it compare with other Growth rounds in Tech Companies?
443 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $58M, and this round was 3.9 times the median.
Did Fever raise again after this round?
Yes: a Growth round in Feb 2023 of $110M at $1.80B post-money.