Total amount raised
$875 Millions
Latest funding date
Location
Rumble has successfully raised significant funding through multiple rounds, including a recent Post-IPO Equity round. The platform offers an open video management system tailored for publishers and creators.
Keep reading to delve into the details of Rumble's fundraising journey and discover the key investors supporting this innovative platform.
What Is Rumble?
Rumble, founded on September 1, 2013, is an open video management system based in Toronto, Ontario, Canada. The platform is designed for publishers and creators, offering a space to manage and share video content.
Chris Pavlovski, the founder, envisioned a platform that not only allows users to upload and share videos but also provides robust rights management features. This vision has helped Rumble grow significantly over the years.
Today, Rumble employs between 101 and 250 people, continuing to expand its reach and capabilities in the video-sharing industry.
How Much Funding Has Rumble Raised?
- Post-IPO Equity Round
- Amount Raised: $775M
- Date: December 2024
- Lead Investors: Tether Operations Limited
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the platform's capabilities and market reach.
- Post-IPO Equity Round
- Amount Raised: $100M
- Date: September 2022
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance video infrastructure and support platform growth.
- Venture Round
- Amount Raised: Not disclosed
- Date: May 2021
- Lead Investors: Narya Capital, Peter Thiel
- Valuation at Round: $500M
- Motivation Behind the Round: To launch new cloud services, expand the video platform, and build server capacity.
Total Amount Raised: $875M
Current Valuation: Not publicly disclosed
Key Investors
- Tether Operations Limited
- Details: Tether Operations Limited is a company known for issuing the Tether (USDT) stablecoin, which is pegged to the US dollar. It plays a significant role in the cryptocurrency market, providing liquidity and stability.
- Investment Focus Areas: Cryptocurrency, blockchain technology, financial services.
- Notable Investments: Bitfinex, Celsius Network, Blockstream.
- Narya Capital
- Details: Narya Capital is a venture capital firm co-founded by JD Vance, author of "Hillbilly Elegy." The firm is based in Cincinnati and focuses on high-growth potential startups.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: Not publicly disclosed.
- Peter Thiel
- Details: Peter Thiel is a prominent venture capitalist and co-founder of PayPal. He is known for his early investments in major tech companies and his role in shaping Silicon Valley.
- Investment Focus Areas: Technology, artificial intelligence, biotechnology.
- Notable Investments: Facebook, Palantir Technologies, SpaceX.
- Colt Ventures
- Details: Colt Ventures is led by Darren Blanton, a former advisor to Donald Trump. The firm focuses on venture capital investments with a conservative political leaning.
- Investment Focus Areas: Technology, media, political ventures.
- Notable Investments: Not publicly disclosed.
What's Next for Rumble?
Rumble's future looks promising with opportunities to launch new cloud services, enhance its video platform, and expand server capacity. The platform's user base has surged from 1.6 million to 31 million monthly users, indicating a significant market opportunity. This growth positions Rumble to attract further investments, potentially leading to strategic acquisitions to bolster its technology and infrastructure.
However, Rumble faces challenges, including legal battles with major tech companies like Google and the need to scale its infrastructure to support rapid user growth. Additionally, its association with right-wing users and investors may invite scrutiny. Despite these hurdles, Rumble's trajectory suggests continued expansion and innovation in the video-sharing industry.
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