Fever, a live-entertainment technology platform, raised USD250 million in a primary equity round — the largest ever for the sector — led by EQT with participation from Athletic Ventures, Point72 Private Investments and Baillie Gifford. The company, which tripled revenue over three years while staying EBITDA-positive, will use the capital to expand across its 55+ country footprint and deepen tech integration with sports organisations, venues, promoters and cultural institutions.
'); }); AU / NZ America Europe/UK Membership Login News Events Women in Sport Summit 2026 Women in Sport Futures Day 2026 Unmissable Sports Forum Unmissable Sports Lunch Networking View All Education Playa Power Data GlS QUT View All Membership News Australia / New Zealand Events Conferences Awards Networking View All Education Playa Power Data GlS QUT View All Membership Topics Brands Media & Broadcast Olympic Sponsorship Sports Tech Women’s Sport Show More Topics >> Sports Australian Rules Basketball Cricket Netball Rugby League Soccer (Football) Show More Sports >> Login Membership Home > Finance > Fever Secures Record USD250 Million Funding Round Backed by Australian Venture Capital Firm Athletic Ventures Finance 2 min read Fever Secures Record USD250 Million Funding Round Backed by Australian Venture Capital Firm Athletic Ventures Written by MOS Editorial Team Published on 22 September 2026 Live-entertainment technology platform Fever has secured USD250 million (AUD351 million) in a primary equity financing round, marking the largest funding event of its kind for the sector. Led by prominent global private markets investor EQT with participation from Australian venture capital firm Athletic Ventures , Point72 Private Investments , and Baillie Gifford , the funding follows three consecutive years of rapid scaling during which Fever tripled its revenue while maintaining positive earnings before interest, taxes, depreciation, and amortisation. The organisation will deploy the fresh capital to expand its operational footprint across its existing network of more than 55 countries and deepen technological integration for elite sports organisations, venues, promoters, and cultural institutions worldwide. Highlighting the commercial rationale behind backing physical event infrastructure amidst rapid digital disruption, Athletic Ventures co-founder and NBA champion, Matthew Dellavedova, said: “I’ve spent my career thriving off the energy that the crowd brings, and it is truly irreplaceable.” “I’m excited that Athletic Ventures has invested in the platform that brings these experiences to life. “We’re pleased to be supporting Fever alongside EQT, Point72 and Baillie Gifford.” Athletic Venture co-founder, Matt de Boer, added: “Across my AFL career, I learned that the moments people remember most are the ones shared with a crowd, live.” “Fever has built an elite platform that puts more of those moments in front of more people, in 800+ cities around the world. “We’re incredibly impressed with the team and proud to be backing them on the next stage of their growth. “I’m excited that Athletic Ventures has invested in the platform that brings these experiences to life. “We’re pleased to be supporting Fever alongside EQT, Point72 and Baillie Gifford,” he said. The platform’s partner-first framework has secured major commercial collaborations across international sport, highlighted by a comprehensive global agreement designating Fever as an Official Supplier for Formula 1 through 2031. Under the long-term arrangement, Fever will supply advanced ticketing technology and fan-experience optimisation across every Grand Prix via Formula 1’s official website, joining an extensive partner roster that includes SailGP, the X Games, and FC Barcelona. Don’t miss out on the latest in sports business – Subscribe today to the free Ministry of Sport newsletter and stay ahead of the game. For even more exclusive insights, event tickets, professional development and networking events, become a MoS Member today! . The Tasmanian Government has reinforced its commitment to community health and sports... The Adelaide Crows Foundation is increasing its educational impact across South Australia after... LIV Golf has commenced a formal Chapter 11 bankruptcy restructuring process in... Join the most engaged community in the Sports Business World. Get all the latest news, insights, data, education and event updates. Your MVP in the Business of Sport. We play the game to add value to the Sports Business industry by delivering News, Insights, Education and Events. Join the most engaged community in the sports business world. Want to be part of the team? Subscribe for free to join today! Copyright © 2026 | Ministry of Sport | All Rights Reserved.
Curated by Taleb Kabbara · Source: ministryofsport.com
Fever, EQT, Point72 Private Investments, Baillie Gifford, Formula 1, SailGP, X Games, FC Barcelona
Fever: Fever is a live-entertainment technology platform that secured a USD250 million primary equity financing round to expand operations and deepen technological integration for sports organisations, venues, promoters, and cultural institutions.
EQT: EQT is a global private markets investor that led the USD250 million primary equity financing round into Fever.
Point72 Private Investments: Point72 Private Investments is an investment firm that participated in the USD250 million primary equity financing round for Fever.
Baillie Gifford: Baillie Gifford is an investment management firm that participated in the USD250 million primary equity financing round for Fever.
Formula 1: Formula 1 is the global motorsport organisation that designated Fever as an Official Supplier through 2031 to provide ticketing technology and fan-experience optimisation for every Grand Prix via Formula 1’s official website.
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