Funding round
Fever Growth
Reported as "Growth Equity"
Fever, which works in live entertainment discovery and recommendation services in New York, raised $110M in a Growth round announced on 21 Feb 2023, led by Goldman Sachs, at a $1.80B post-money valuation. 7 firms took part, 7 of them already investors. It is Fever's third venture round on record; the one before was a Growth in Jan 2022.
$110M
Amount raised
$1.80B
Post-money valuation
$1.69B pre-money
7
Investors
1 lead
1.8x
Step-up from the Growth
$1.00B in Jan 2022
6.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Fever at $1.80B after the new money, 1.8 times the $1.00B of its Growth (Jan 2022). The $110M bought investors about 6.1% of the company. It came 13 months after Fever's Growth. It is 24% of the $457M Fever has raised in the venture rounds on record. Fever raised again 28 months later: a Growth round of $100M in Jun 2025.
Fever's funding rounds
Fever has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Goldman Sachs led the round with 6 other firms. Goldman Sachs, Eurazeo, Convivialité Ventures and Goodwater Capital and 3 more had backed Fever before.
Lead investor
- Goldman Sachs backs 218 venture-backed companies existing investor
Also in the round
- Eurazeo backs 103 venture-backed companies existing investor
- backs 15 venture-backed companies existing investor
- Goodwater Capital backs 162 venture-backed companies existing investor
- backs 3 venture-backed companies existing investor
- backs 27 venture-backed companies existing investor
- Smash Capital existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion and scaling operations.
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
350 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 2.3 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 6 Feb 2023 | $200M | not disclosed | Panoramic Ventures |
| Tech Companies | 15 Feb 2023 | $180M | not disclosed | not named |
| Tech Companies | 23 Feb 2023 | $72M | not disclosed | H.I.G. Growth Partners |
| Tech Companies | 7 Feb 2023 | $55M | not disclosed | Valor |
| Tech Companies | 23 Feb 2023 | $16M | not disclosed | Mandatum Asset Management Growth Equity |
| Tech Companies | 1 Feb 2023 | $10M | not disclosed | Beringea |
| Tech Companies | 1 Feb 2023 | $5.4M | not disclosed | HV Capital |
| Tech Companies | 6 Feb 2023 | undisclosed | not disclosed | Columbia River Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Fever raise in its Growth round?
Fever raised $110M in its Growth round, announced in Feb 2023.
Who led Fever's Growth round?
Goldman Sachs led it, with Eurazeo, Convivialité Ventures, Goodwater Capital, Alignment Growth and Vitruvian Partners and 1 more.
What was Fever's valuation at the Growth round?
$1.80B post-money ($1.69B pre-money).
How does it compare with other Growth rounds in Tech Companies?
350 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 2.3 times the median.
Did Fever raise again after this round?
Yes: a Growth round in Jun 2025 of $100M.