New York-headquartered live entertainment discovery platform, Fever, has raised a further $110m (£91m/€102m) in funding. The venture funding round was led by Goldman Sachs with the participation of Eurazeo, Convivialité Ventures, Goodwater Capital, Alignment Growth, Vitruvian Partners and Smash Capital. Many of these companies, including Goldman Sachs, were involved in the platform’s previous funding round. …
Pollen owed almost £80m at time of collapse
Travel and experiences start-up Pollen, which worked on events with the likes of Justin Bieber, Diplo and more, owed £78.6m ($90m/€91m) at the time of its collapse. According to filings on Companies House submitted by insolvency business Kroll, Pollen’s parent company Streetteam Software Limited owed £75m – £59.4m unsecured – to creditors when it fell …
Pollen faces administration – report
Events start-up Pollen is set to fall into administration, with restructuring firm Kroll ready to be appointed as administrators. According to a report from The Telegraph, the ticketing tech start-up is close to falling into administration after sales talks collapsed. It would also have a a knock-on effect for the tax payer, as Pollen received …
Troubles continue for events start-up Pollen
Workers at events start-up Pollen have revealed that there is still no update from the company’s chief executive over pay or a proposed deal with a new partner. Engineer writer Gergely Orosz has claimed multiple insights into the situation at Pollen, which has been deteriorating over the last few months. In May, Pollen laid off …
Pollen turns to Goldman Sachs and Kroll in search for buyer – report
Events start-up Pollen is reportedly trying to find a buyer, and has turned to investment banking company Goldman Sachs and restructuring firm Kroll to aid its search. According to a report from Sky News, Pollen has turned to the companies to help salvage its future. However, one source said that Kroll’s involvement was solely surrounding …
Fever raises $227m in Goldman Sachs-led funding round
Live entertainment discovery platform Fever has raised $227m (£169m/€203m) in a funding round led by the Growth Equity business within Goldman Sachs Asset Management. The round has valued Fever at over $1bn and the company has claimed it was the largest ever funding round for a live entertainment tech start-up. While Goldman Sachs Growth led the …