Total amount raised
$26 Millions
Latest funding date
3/1/2020
Location
Tubi has successfully raised significant funding through multiple rounds, culminating in its acquisition by Fox for $440 million. The platform offers the world's largest ad-supported video on demand (VOD) service, providing a vast array of movies and TV shows for free.
Keep reading to explore the intricacies of Tubi's fundraising journey and the investors backing this innovative platform.
What Is Tubi?
Tubi, founded in 2014 by Farhad Massoudi and Thomas Hicks Ahn, is headquartered in San Francisco, California. The company operates the world's largest ad-supported video on demand (VOD) service, offering a vast library of movies and TV shows for free. With a team of 251-500 employees, Tubi continues to expand its reach across various devices and platforms.
How Much Funding Has Tubi Raised?
Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: July 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial offerings.
Series A
- Amount Raised: Not publicly disclosed
- Date: March 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the content library and enhance platform capabilities.
Series B
- Amount Raised: $6M
- Date: November 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and increase content offerings.
Series B
- Amount Raised: $20M
- Date: May 2016
- Lead Investors: Jump Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and improve user experience.
Series C
- Amount Raised: $2M
- Date: June 2016
- Lead Investors: Jump Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the content library and enhance technology infrastructure.
Series D
- Amount Raised: Not publicly disclosed
- Date: December 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support continued growth and prepare for acquisition by Fox.
Total Amount Raised: $28M
Current Valuation: Not publicly disclosed
Key Investors
- Jump Capital
- Details: Jump Capital is a venture capital firm based in Chicago. They focus on providing growth capital to data-driven technology companies.
- Investment Focus Areas: Fintech, enterprise software, and data infrastructure.
- Notable Investments: 99.co, Personal Capital, and Tubi.
- Lionsgate
- Details: Lionsgate is a major entertainment company known for producing and distributing films and television series. They have a significant presence in the global entertainment industry.
- Investment Focus Areas: Entertainment, film production, and distribution.
- Notable Investments: Starz, Pantelion Films, and Roadside Attractions.
- Metro-Goldwyn-Mayer (MGM)
- Details: MGM is a renowned entertainment company with a vast library of films and TV shows. They are one of the oldest film studios in Hollywood.
- Investment Focus Areas: Entertainment, film production, and distribution.
- Notable Investments: United Artists, Orion Pictures, and Epix.
- Cota Capital
- Details: Cota Capital is a venture capital firm that invests in technology companies. They focus on companies that are driving innovation in their respective fields.
- Investment Focus Areas: Technology, healthcare, and enterprise software.
- Notable Investments: Snowflake, DataRobot, and Tubi.
- Foundation Capital
- Details: Foundation Capital is a venture capital firm that focuses on early-stage investments in technology companies. They have a history of backing successful startups.
- Investment Focus Areas: Fintech, enterprise software, and consumer technology.
- Notable Investments: Netflix, LendingClub, and Sunrun.
What's Next for Tubi?
As Tubi continues to expand its operations, the platform is poised to capitalize on the growing trend of ad-supported streaming services. With a successful Series B funding round, Tubi has the resources to enhance its content library and attract a larger user base. The opportunity to partner with major studios like Paramount Pictures and Starz further solidifies its position in the market.
Future fundraising efforts could be on the horizon as Tubi seeks to scale its platform and improve user experience. However, the company will need to navigate challenges such as intense competition from other streaming services and the complexities of maintaining a diverse content library. Despite these hurdles, Tubi's innovative approach and strategic partnerships position it well for continued growth and potential acquisition interest from larger media entities.
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