Stay leisure tech firm Fever has raised $110m funding, to present the corporate a $1.8 billion valuation.

The information was first revealed by tech.eu, which experiences the lead investor was Goldman Sachs, with participation from Eurazeo, Convivialité Ventures, Goodwater Capital, Alignment Progress, Vitruvian Companions, and Smash Capital.

Information of the New York-headquartered firm’s newest spherical comes a 12 months after closing a earlier funding spherical of $227 million, additionally led by Goldman Sachs.

The agency claimed on the time that the spherical was “the most important ever for a live-entertainment tech startup”, and valued the corporate at over $1 billion.

Fever runs unique occasions, and directs its customers to eating places, concert events, nightlife, sports activities occasions, trend exhibits, pop-ups, and extra.

The corporate makes use of proprietary know-how and claims to achieve a worldwide viewers of over 125 million individuals.

Some profitable examples embody the “Candlelight Concert events” attended by over 3 million visitors, “Stranger Issues: The Expertise” co-produced with Netflix, or “Van Gogh: The Immersive Expertise.

The corporate is current in over 100 cities globally together with London, New York, Los Angeles, Madrid, Paris, São Paulo, Mexico Metropolis, Sydney, Milan, Toronto…

Fever is co-led by Ignacio Bachiller Ströhlein, Alexandre Perez Casares, and Francisco Hein, says that it has developed proprietary know-how for its occasion discovery platform.

Tech.eu experiences that Fever double its turnover over the previous 12 months and that fifty% of the corporate’s revenues come from North America.

The report suggests additional that through its “Candlelight” claisscal music sequence, Fever ‘has develop into the most important vendor of reside classical music on this planet’.

Music Enterprise Worldwide