Fever, a live-entertainment discovery platform, has raised $227 million in a round led by the Growth Equity business within Goldman Sachs Asset Management.

The round is the largest ever for a live-entertainment tech startup, and values the company at over $1bn.

Goldman Sachs is joined by Alignment Growth, growth equity investor in global entertainment and consumer tech, led by former Warner Bros, Time Warner, and investment banking executives. Other co-investors participating in this round are Goodwater Capital (the largest dedicated consumer technology platform globally), and Smash Capital (a late-stage venture capital firm led by former Disney and growth equity investors, backer of Epic Games).

In addition to the announced primary financing of $227m, Eurazeo and Vitruvian Partners have also participated through a secondary investment of an undisclosed amount.