FEVO
eCommerce technology allowing friends to purchase together
- 101-200 employees
- B2C
- B2B
- Lifestyle
- Music
- Events
- Community
- eCommerce
- West Village, New York, NY
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Company mission
To reimagine and rehumanize shopping.
Our take
FEVO is dedicated to making eCommerce more rooted in community. It offers customers a platform to which they invite their friends so they can purchase together. By marrying eCommerce with social media, the ticket-purchasing experience becomes more collaborative, fun and easy for customers whilst enabling brands to retrieve data to help build their own social graphs and identify valuable customers.
Since its fruition in 2016, FEVO has encountered other players in the field, including nhl.com and f1miamigp.com, but has quickly become the market leader in live events, most prominently sports. It has accrued over 600 partners, including Ticketmaster and Pacciolan, and almost 90% market share, seeing the revenue growth accelerate year-on-year.
FEVO is now expanding into retail and travel eCommerce. In 2022 it partnered with HotelPlanner, a collaboration that furthers FEVO’s goal of offering an end-to-end itinerary for customers. Alongside product expansion, FEVO has ambitious aims to expand geographically through partnerships, most notably with GoogleCloud, with current movement in the UK market.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Regular retreats, workshops and teambuilding sessions
- Best-in-class systems and software solutions for remote collaboration
- A culture of candor and transparency whether managing up or down
- The autonomy to work from anywhere
- Real-time feedback and structured bi-annual performance reviews
- A state-of-the-art office in Meatpacking NYC for any local or visiting team members
Funding (last 2 of 5 rounds)
Dec 2022
$16.6m
SERIES C
Nov 2019
$18.2m
SERIES B
Total funding: $57.5m
This company has top investors
Leadership
Ari Daie
(Founder & CEO)Previously co-founded NRG Studios, which was sold at 13x revenue. Has served as an Investment Banker at Goldman Sachs, Head of Strategy and Revenue at Bosch USA and Head of Strategic Partnerships at Live Nation Entertainment.