Performance highlights Portugal Ventures’ ability to identify high-potential projects and support them throughout different stages of growth
Lisbon, March 19, 2026 — Portugal Ventures, the venture capital company of the Banco Português de Fomento Group, announces its exit from Fever, a technology company in its portfolio, achieving an average return of 15 times the investment.
Portugal Ventures invested in Fever in 2016, reflecting its commitment to backing innovative technology companies with global ambitions. Already established in several international markets, this investment supported the company’s expansion into Portugal, strengthening its technological presence in the country while contributing to broaden the national cultural and tourism offering. Throughout this journey, the company experienced consistent growth and established itself as a leading global platform in the events and experiences sector. In January 2022, Fever reached unicorn status after surpassing a valuation of one billion dollars, consolidating its position in the international technology landscape.
Fever is a clear example of the role Portugal Ventures seeks to play: supporting technology companies with global ambition while strengthening their connection to Portugal. Our investment contributed to Fever’s entry into the Portuguese market and, over the years, brought knowledge and experience that enriched the national ecosystem. The return now achieved demonstrates the value creation potential of globally scalable technology projects and the transformative impact venture capital can have when combined with talent, global vision and strong execution.” said Marco Neves, President of Portugal Ventures.
Founded in 2014, Fever is the world’s leading tech platform for discovering culture and live entertainment, inspiring over 300 million people last year to discover the best experiences in over 40 countries. With a mission to democratize access to culture and entertainment in real life, Fever inspires users to enjoy unique experiences and events —from immersive exhibitions and sports to interactive theatrical performances, concerts, and festivals— while empowering its partners with data and technology to develop and expand new experiences worldwide
This exit marks the completion of a value-creation cycle, reflecting Portugal Ventures’ ability to identify high-potential companies and support them through different stages of growth, from early development to maturity and a successful exit.
