Funding round
Fever Series C
Fever, which works in live entertainment discovery and recommendation services in New York, raised $20M in a Series C round announced on 5 Jul 2018, led by Atresmedia and Labtech. 4 firms took part, 2 of them already investors. It is Fever's first venture round on record.
$20M
Amount raised
Not disclosed
Post-money valuation
4
Investors
2 leads
Valuation
What this round says about the price
Fever did not disclose a valuation in this round. It is Fever's first venture round on record, 4 years after it was founded in 2014. It is 4.4% of the $457M Fever has raised in the venture rounds on record. Fever raised again 42 months later: a Growth round of $227M in Jan 2022, at $1.00B post-money.
Fever's funding rounds
Fever has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Atresmedia and Labtech led the round with 2 other firms. Accel and 14W Ventures had backed Fever before.
Lead investors
- Atresmedia new investor
- Labtech new investor
Also in the round
- Accel backs 581 venture-backed companies existing investor
- 14W Ventures existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing and scaling operations.
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
213 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 57% of the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Gusto Tech Companies | 31 Jul 2018 | $140M | $2.00B | T. Rowe Price Associates and MSD Capital |
| Tech Companies | 31 Jul 2018 | $30M | not disclosed | GV |
| Ant Group Tech Companies | 11 Jun 2018 | $14.00B | $150.00B | not named |
| Tech Companies | 6 Jun 2018 | $70M | not disclosed | Georgian |
| Tech Companies | 1 Aug 2018 | $53M | not disclosed | Tiger Global |
| Pipedrive Tech Companies | 14 Jun 2018 | $50M | not disclosed | Insight Partners and Bessemer Venture Partners |
| Tech Companies | 28 Aug 2018 | $41M | not disclosed | SEB Private Equity |
| Tech Companies | 1 Aug 2018 | $30M | not disclosed | SV Health Investors and B Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Fever raise in its Series C round?
Fever raised $20M in its Series C round, announced in Jul 2018.
Who led Fever's Series C round?
Atresmedia and Labtech led it, with Accel and 14W Ventures.
What was Fever's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
213 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 57% of the median.
Did Fever raise again after this round?
Yes: a Growth round in Jan 2022 of $227M at $1.00B post-money.