Fever, the live-entertainment company that owns ticketing platform DICE, has closed a $250 million funding round led by EQT, valuing the business at $5.2 billion. The company describes it as the largest-ever funding round for a live-entertainment tech firm.
Fever said it has more than tripled its revenue over the past three years while staying EBITDA-positive, positioning the raise as a bet on continued growth in live events and ticketing technology.
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