E-commerce firm Rakuten has led a €31m ($35m) financing round for Spain-based leisure activity discovery platform provider Fever that included media group Atresmedia, Expansión has reported.
The corporates were joined by Accel, Philyra and Portugal Ventures according to El Economista, and the round increased Fever’s total funding to more than $70m.
Founded in 2012, Fever has developed a cloud-based digital tool allowing users to explore entertainment options across a dozen US and European cities. The company has 150 employees and more than 15 million weekly unique users.
Rakuten Capital’s managing partner, Oskar Mielczarek de la Miel, has joined Fever’s board of directors, and the company will collaborate with Rakuten subsidiaries such as instant messaging and voice communication app Viber and online shopping and rewards app Ebates.
Atresmedia and property developer Labtech had co-led a $20m series C round for Fever in July 2018, investing alongside Accel and 14W Ventures.
Accel and 14W also took part in Fever’s $12m series B round in 2015 together with investment and financial services group Fidelity, the three having participated in an $8.3 series A round featuring Solon Inversiones earlier the same year. Fever had received $3m from angel investors in 2014.
