Total amount raised
$151.3 Millions
Latest funding date
04/01/2018
Location
Title
fuboTV has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The platform offers a unique streaming service that combines live sports and TV channels without the need for a cable subscription.
Keep reading to explore the intricacies of fuboTV's fundraising journey and the investors backing this innovative platform.
What Is fuboTV?
fuboTV, founded in 2015, is a streaming service that offers live sports and TV without the need for a cable subscription. The company was established in New York City by David Gandler, Alberto Horihuela, and Sung Ho Choi.
With a focus on delivering a mix of sports, entertainment, and on-demand content, fuboTV has grown rapidly since its inception. The platform is designed to cater to sports enthusiasts and cord-cutters alike.
As of now, fuboTV employs over 500 people, working together to enhance the streaming experience for its users. For more details, visit their official website or their profile on wellfound.com.
How Much Funding Has fuboTV Raised?
- Amount Raised: $4 Million
- Date: August 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its soccer streaming service and enhance its content offerings.
- Amount Raised: $15 Million
- Date: March 2016
- Lead Investors: Sky Plc and 21st Century Fox Inc.
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expansion in the U.S. market.
Total Amount Raised: $19 Million. Current Valuation: Not publicly disclosed.
Key Investors
- Sky Plc
- Details: Sky Plc is a British media and telecommunications conglomerate, known for its extensive broadcasting of live sporting events. The company has a significant presence in the UK and Europe.
- Investment Focus Areas: Media, telecommunications, broadcasting.
- Notable Investments: Sky Sports, Sky News, Sky Cinema.
- 21st Century Fox Inc.
- Details: 21st Century Fox Inc. was an American multinational mass media corporation, renowned for its film and television production. It was a major player in the global entertainment industry before its assets were acquired by Disney.
- Investment Focus Areas: Mass media, television broadcasting, film production.
- Notable Investments: Fox News, Fox Sports, 20th Century Fox.
- AMC Networks
- Details: AMC Networks is an American entertainment company known for its cable channels and original programming. The company operates several popular networks, including AMC, IFC, and SundanceTV.
- Investment Focus Areas: Television, entertainment, original programming.
- Notable Investments: AMC, IFC, SundanceTV.
- Northzone
- Details: Northzone is a venture capital firm that invests in technology companies across Europe and the US. The firm has a strong track record of supporting early-stage startups.
- Investment Focus Areas: Technology, digital media, fintech.
- Notable Investments: Spotify, Klarna, Trustpilot.
- Elkstone Partners
- Details: Elkstone Partners is an Irish investment firm that provides capital and strategic support to high-growth companies. The firm focuses on a diverse range of sectors.
- Investment Focus Areas: Technology, healthcare, real estate.
- Notable Investments: LetsGetChecked, Flipdish, Soapbox Labs.
What's Next for fuboTV?
fuboTV stands at the cusp of significant growth opportunities, driven by the increasing consumer shift from traditional cable to internet-based streaming services. With the backing of major investors like Sky and Fox, the platform is well-positioned to expand its service offerings and attract a broader audience. The potential to increase its customer base beyond the current 40,000 U.S. subscribers is immense, especially with the growing demand for live sports content accessible on multiple devices.
Future fundraising opportunities look promising as fuboTV leverages its strategic partnerships and expanding user base. The company could attract additional investors, further bolstering its financial position to enhance content offerings and technology. However, challenges such as competition from other streaming services and the need to secure broadcasting rights for popular sports events remain. Navigating these hurdles will be crucial for fuboTV's sustained growth and success in the dynamic streaming industry.
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