Fever, the ticketing and discovery platform for live entertainment, raised $250 million by selling new shares. The company announced the round on 17 September 2026. EQT led it, and Point72 Private Investments, Baillie Gifford and existing investors took part.

Fever called the round “the largest ever for a live-entertainment tech company.”

Fever sells tickets for Eclipso’s free-roam VR experience in Manhattan and operates its own, Smithsonian Starstruck.

Where Fever says the live-entertainment funding goes

Fever said it will expand beyond the 55 countries where it operates and deepen its presence “across all major entertainment categories.” It will also spend on tools for promoters, venues, sports teams, attractions, artists, museums and cultural institutions.

Fever said partners use the tools to understand demand, reach audiences, sell tickets and take formats into new markets.

Fever said its revenue more than tripled over the past three years. Over the same period it stayed EBITDA-positive, which means profitable before interest, tax, depreciation and amortisation. Fever said it strengthened its position in North America and Asia.

Fever’s VR ticketing and its own VR experience

Eclipso uses Fever to sell tickets for Everest: The First Ascent. The experience recreates Edmund Hillary and Tenzing Norgay’s 1953 first ascent of the mountain.

Everest: The First Ascent opens at Eclipso NYC on West 57th Street in Manhattan on 30 September.

Eclipso is a LEXRA member.

Fever developed Smithsonian Starstruck, its own free-roam VR experience, with the Smithsonian Astrophysical Observatory. It premiered in Washington, DC, and opened at the Science Museum in London on 26 June.

In Manchester, Fever hired Transmission House for a run that closes on 27 September. Fever sells the tickets on its own platform.

What this means for VR venue operators and immersive producers

For VR venue operators, Fever said it will spend on tools for venues and attractions. For immersive producers, Fever’s own free-roam VR experience, Smithsonian Starstruck, has played in Washington, DC, London and Manchester.

FAQ

How much did Fever raise in its latest live entertainment funding round? Fever raised $250 million by selling new shares, announced on 17 September 2026. EQT led the round, with Point72 Private Investments, Baillie Gifford and existing investors.

What will Fever spend the $250 million on? Fever said it will expand beyond the 55 countries where it operates and grow across entertainment categories. It will also invest in tools for partners, including venues, attractions and museums.

Does Fever sell tickets for VR experiences? Yes. Eclipso sells tickets for Everest: The First Ascent in Manhattan through Fever. Fever also operates Smithsonian Starstruck, a free-roam VR experience.

Who runs Fever? Ignacio Bachiller, Francisco Hein and Alexandre Perez co-founded Fever and lead the company.