Fever raises $250 million in an EQT-led round, with Point72 and Baillie Gifford

The story so far, in brief; the legwork, and the full article, stay with the original outlets.

Fever, the Madrid-based live-events platform that also owns Dice, has raised $250 million (€218 million) in new primary equity. EQT led the round, with Point72 Private Investments, Baillie Gifford and other existing backers also putting in money. Fever describes it as the biggest round any live-entertainment tech company has raised, a distinction within a fairly narrow category. It arrives 15 months after a $100 million raise that Point72 co-led.

The case for the money is that as AI reshapes everything else, people increasingly want to be in the same room, and somebody has to sell them the ticket. Fever says its revenue has more than tripled in three years while EBITDA stayed positive, and that it has grown in North America and Asia. Co-founded and run by three Spaniards, Ignacio Bachiller (also chief executive), Francisco Hein and Alexandre Pérez, it now operates in 55 countries and plans to go beyond them, enter every big entertainment category and spend more on software that helps venues, promoters, sports teams, museums and artists gauge demand and sell tickets.

Recent additions to its partner list include Kew Gardens, SailGP, the X Games, the FIFA Arab Cup, Formula 1, the Frida Kahlo Museum and Britain's national Royal Navy museum, alongside Netflix, Warner Bros, FC Barcelona, Atlético de Madrid and Versailles. Under a new deal, Fever becomes an official supplier to Formula 1 until 2031, with its ticketing platform running across every Grand Prix through the series' own global website.