DICE Acquired by New York Unicorn Fever for Global Expansion in Live Entertainment
Deal News | Jun 06, 2025 | Business Cloud
In an effort to create a leading independent platform for live entertainment, New York-based unicorn Fever has acquired London-based firm DICE. Fever, backed by SoftBank and valued at $1.8 billion, spans over 40 countries and has a global reach of 300 million people. DICE, with its innovative platform for discovering and attending live events, boasts around 10 million active monthly users and has raised approximately $200 million in funding. The acquisition merges Fever’s and DICE’s technological capabilities, facilitating an enhanced experience for fans, artists, promoters, and venues. Fever recently raised $100 million in equity funding, bolstering its resources to execute this strategic acquisition. Both companies aim to elevate the live music experience through the use of data and technology while maintaining their commitment to putting fans first. This deal is expected to enhance the joint entities' ability to reach new markets and streamline live event attendance.
Sectors
- MediaTech
- Live Entertainment
- Financial Services
Geography
- United States – Fever, one of the key companies involved, is based in New York, USA.
- United Kingdom – DICE, the target company in the acquisition, is based in London, UK.
Industry
- MediaTech – The article discusses companies involved in media technology, focusing on platforms that enhance live entertainment experiences through data and innovation.
- Live Entertainment – Both DICE and Fever operate within the live entertainment sector, providing technology solutions that improve event discovery, attendance, and fan engagement.
- Financial Services – Fever has recently completed a significant $100 million equity funding round, essential to this acquisition deal.
Financials
- 200,000,000 – Total funding raised by DICE, including a significant Series C round.
- 100,000,000 – The amount raised by Fever in a recent equity funding round to support its expansion and acquisition activities.
- 1,800,000,000 – The valuation of Fever as of 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fever | Acquiring Company | Company | A New York-based unicorn company specializing in helping users discover and book entertainment experiences globally. |
| DICE | Target Company | Company | A London-based firm with innovative solutions for simplifying fan engagement with live events. |
| SoftBank Vision Fund 2 | Investor | Company | Part of the SoftBank Group, this fund led DICE's Series C funding round. |
| Ignacio Bachiller, Alexandre Perez, Francisco Hein | Co-founders of Fever | People | Key figures at Fever, involved in strategic leadership and guiding the company's expansion efforts. |
| Phil Hutcheon | CEO of DICE | Person | Founder and key executive at DICE, involved in driving its mission and business operations. |