Dwell occasions platform Fever has acquired the ticketing service Cube, the businesses introduced on Thursday.
Monetary particulars of the acquisition weren’t disclosed. The acquisition comes only a day after Fever had introduced a $100 million funding spherical led by L Catterton and Point72 Personal Investments.
“Collectively, we’re strengthening our place because the main international tech participant for tradition & stay leisure,” Fever co-founders Ignacio Bachiller, Alexandre Perez and Francisco Hein mentioned in a press release. “We’re on a joint mission to place followers first and supply our companions with the perfect and most modern instruments. At Fever, we’re agency believers that knowledge and know-how have the ability to raise the stay music expertise—making it extra accessible, extra personalised, and finally extra impactful for followers, artists, and venues alike.”
Cube first launched in 2014 and has postured itself as a fan-friendly ticketing service, citing options like all-in ticket costs and its live performance discovery options on its app. Cube subsequently wooed funding from outstanding music executives like Matt Pincus, the founding father of the funding firm MUSIC, in addition to from Kobalt Music Publishing founder Willard Ahdritz, who each invested as a part of a $65 million funding spherical again in 2023, per Billboard.
Fever operates in 40 nations, and the corporate mentioned that by the acquisition, Cube will achieve entry to Fever’s tech. Prior to now two years, Cube, the businesses mentioned of their press launch, “has greater than doubled its ticket gross sales, surpassing 10 million month-to-month energetic followers.”
LionTree Advisors LLC was the monetary advisor within the deal, whereas Cube was represented by Wilson, Sonsini, Goodrich & Rosati LLP. Davis Polk and Wardwell LLP and Morrison and Foerster LLP had been Fever’s authorized counsel.
“Since launching DICE in 2014, we’ve stayed true to our mission to get folks out extra by always enhancing the fan expertise,” Cube founder and CEO Phil Hutcheon mentioned in a press release. “From our personalised Uncover function to our upfront, all-in pricing and Waitlist function, we’ve at all times put followers first. That very same ethos is what we’ve present in Fever. Becoming a member of forces permits us to scale even sooner. Reaching new cities, serving to promote out extra reveals, and delivering the seamless expertise followers anticipate.”
