# Fevo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fevo

- Industry: Internet
- Headquarters: New York, US
- Website: www.fevo.com
- Total disclosed funding: $17M
- Latest round: Series C (Aug 24, 2022)
- Investors on record: 3

## About

Fevo, Inc. provides innovative social-first ticketing solutions that enhance the purchasing experience for fans while addressing the unique demands of brands, venues, and creators in the live entertainment space.Fevo, Inc. is based in New York, US, and was founded in 2011. The company specializes in social ticketing solutions that promote fan engagement. The founders, Andre Diurno, Andy Russell, Ari Daie, and Vanessa Liu, have a background in technology and entrepreneurship. Fevo raised USD 22.51 million in Series C funding on August 2, 2021, amounting to the total raised to USD 22.51 million across 8 deals.FEVO specializes in providing innovative social-first ticketing solutions designed to enhance the buying experience for fans while catering to the unique needs of brands, teams, venues, and creators. Their core product offerings focus on creating engaging, mobile-friendly checkout experiences that allow users to mix inventory, utilize buy now pay later options, and purchase tickets alongside friends. The platform facilitates social sharing, enabling fans to promote events through friend-get-friend features that turn them into active sales advocates. Serving over 800 prominent clients in the live entertainment industry, FEVO's solutions are deployed across North America and parts of Europe, where major events and entertainment venues seek to optimize ticket sales and foster deeper engagement with their audiences.FEVO generates revenue primarily through transaction-based models, leveraging its suite of ticketing solutions to facilitate sales for its clients. The firm operates on a B2B basis, partnering with entertainment brands to offer its social checkout solutions, which enhance customer engagement and drive ticket sales. Clients benefit from a tiered pricing structure based on the volume of transactions processed through the platform, with options for customized solutions tailored to specific needs. Transactions typically include the sale of individual tickets as well as group ticketing policies, which incentivize larger purchases. The revenue model is designed to scale with the success of their clients, aligning FEVO's financial incentives with the performance outcomes of the events and promotions it supports.Fevo plans to leverage the recent Series C funding of USD 22.51 million, raised in August 2021, to enhance its platform and develop new products aimed at improving customer engagement. The company is targeting expansion into additional markets in Europe and Asia by 2023 to increase its global footprint. Investments will be made into technology enhancements to facilitate these initiatives, including potential new features for ticketing and social engagement.

## Funding rounds

- Series C, Aug 24, 2022, $17M — Davis Capital Partners, Not Boring Capital, Eldridge

## Investors

- Davis Capital Partners (https://capitalatlas.ai/funds/davis-capital-partners) — Series C
- Not Boring Capital (https://capitalatlas.ai/funds/not-boring-capital) — Series C
- Eldridge (https://capitalatlas.ai/funds/eldridge) — Series C