Fever captures 200 million and becomes a new Spanish 'unicorn' by the hand of Goldman Sachs

Fever captures 200 million and becomes a new Spanish 'unicorn' by the hand of Goldman Sachs

Fever captures 200 million and becomes a new Spanish 'unicorn' by the hand of Goldman Sachs

Spain today has a new unicorn.Fever, the technology company dedicated to the prescription of events and creation of online content, has caught 227 million dollars (200 million euros), in an operation led by Goldman Sachs that values the startup in more than 1,000 million dollars.The company thus becomes the second Spanish unicorn so far this year, after achieving a few days ago Travelperk, another startup specialized in the sale of corporate trips

Goodwater Capital has also participated in the operation (one of the largest consumer technology funds in Silicon Valley, investors in Getir, Spotify and Tiktok), Smash Capital (Risk Capital Fund directed by former Disney Directors and investors in companies such as companies such as companies such as companies such as companies such as companies such as companies such as companies such as companies such as companies such as companies such asEpic Games, creators of Fornite) and the Alignment Growth Fund (led by former Warner Bross and Time Warner director).

In addition to this primary capital financing round for the company, Eurazeo and Vitruvian Partners have also participated through a secondary market operation.These new funds join previous investors such as Accel, Philyra and Atresmedia, which communicated to the CNMV today already controls 10.2% of the leisure application.In the relevant fact sent on Wednesday, the Spanish media group clarified that this percentage takes into account the options and plans on actions granted to the Faver management team.

The new round follows another of 30 million dollars received by the Spanish startup in 2019, led by Rakuten.In total, Faver has caught more than 300 million dollars (265 million euros).According to Bloomberg, who quotes the CEO of the Spanish company, Ignacio Bachiller, the objective of the startup is to carry out an IPO, although he did not want to advance where or when he would take place.

Fever capta 200 millones y se convierte en un nuevo 'unicornio' español de la mano de Goldman Sachs

The operation is a sign that live events attract investors again, after the sector suffered with COVID-19."The demand for live experiences is higher than ever, despite the pandemic," said Bachelor.In a statement, the company emphasizes that "in contrast to the rise of digital entertainment or metovers, Faver develops technology to facilitate the consumption of culture and leisure in the real world."

A key component of the Faver strategy is its digital media network, Secret Media Network, which includes the Secret London and Madrid Secret media, together with the use of data from its technological platform to optimize the creation of editorial content.

The startup, founded in 2014 by Pep Gómez, does not reveal its business figure, but it does notice that it has multiplied its turnover since its last round in 2019 and has more than duplicated its workforce, to the 700 employees.According to Atresmedia, Fever has grown "very significant" in recent years due to the increase in sales and geographical expansion.

The company, which presumes to have become a reference platform for leisure discovery, has managed to have an outstanding presence in Europe and the US, its largest market.It is active in about 60 cities around the world, including Paris, Madrid, New York and Los Angeles.

With the funds captured, the Spanish company plans to expand its presence to other cities and raise its workforce to the 1,000 employees.Atresmedia ensures that Faver's business plan has "solid growth and consolidation expectations."

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