Total amount raised
$151.3 Million
Latest funding date
4/1/2018
Location
fuboTV has successfully raised funding through 9 rounds, with notable investors including The Walt Disney Company and Employee Stock Option Fund. The platform offers live sports and TV streaming without the need for a cable subscription, providing a mix of sports, shows, and movies available live and on-demand.
Keep reading to explore the intricacies of fuboTV's fundraising journey and the investors backing this innovative platform.
What Is fuboTV?
fuboTV is a sports-focused live TV streaming service based in New York, New York. The company operates in the digital entertainment, sports, and subscription service industries. It offers a variety of sports, shows, movies, and news for the whole family.
Founded with the aim of providing an alternative to traditional cable, fuboTV has grown to employ between 501 and 1000 people. The platform is publicly traded under the ticker NYSE:FUBO and has been acquired by The Walt Disney Company.
How Much Funding Has fuboTV Raised?
- Angel Round
- Amount Raised: USD 1,600,000
- Date: December 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial offerings.
- Convertible Note
- Amount Raised: USD 725,000
- Date: March 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage operations and product development.
- Series A
- Amount Raised: USD 4,000,000
- Date: August 2015
- Lead Investors: Anthony Vinciquerra, Blake Krikorian, DCM Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's features.
- Series B
- Amount Raised: USD 15,000,000
- Date: March 2016
- Lead Investors: Sky UK
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market reach.
- Series C
- Amount Raised: USD 55,000,000
- Date: June 2017
- Lead Investors: Northzone
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand content offerings and improve user experience.
- Series D
- Amount Raised: USD 75,000,000
- Date: April 2018
- Lead Investors: AMC Networks
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To double office space, expand teams, and enhance product offerings.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: May 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Post-IPO Debt
- Amount Raised: USD 145,000,000
- Date: October 2025
- Lead Investors: The Walt Disney Company
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To raise capital for expansion and operational costs.
Total Amount Raised: USD 295,325,000. Current Valuation: Not publicly disclosed.
Key Investors
- The Walt Disney Company
- Details: The Walt Disney Company is a global entertainment conglomerate known for its film studios, theme parks, and television networks. It has a significant presence in the media and entertainment industry.
- Investment Focus Areas: Media, entertainment, streaming services.
- Notable Investments: Hulu, ESPN, Pixar.
- AMC Networks
- Details: AMC Networks is a prominent entertainment company that owns and operates several popular cable channels. It is known for producing critically acclaimed TV series.
- Investment Focus Areas: Media, entertainment.
- Notable Investments: AMC, BBC AMERICA, IFC.
- Northzone
- Details: Northzone is a venture capital firm that invests in early-stage and growth-stage technology companies. It has a strong track record in the tech industry.
- Investment Focus Areas: Technology, media, consumer internet.
- Notable Investments: Spotify, Klarna, Trustpilot.
- Sky UK
- Details: Sky UK is a leading British telecommunications and media company. It offers television, broadband, and telephony services.
- Investment Focus Areas: Broadcasting, telecommunications, media.
- Notable Investments: Sky News, Sky Sports, various entertainment channels.
- 21st Century Fox
- Details: 21st Century Fox was a multinational mass media corporation known for its film and television properties. It was acquired by The Walt Disney Company in 2019.
- Investment Focus Areas: Media, entertainment, broadcasting.
- Notable Investments: Fox News, Fox Sports, Fox Broadcasting Company.
What's Next for fuboTV?
fuboTV stands at the cusp of significant growth opportunities, driven by its focus on sports content and expanding entertainment offerings. With over 100,000 paid subscribers and a forecasted revenue run rate of over $100 million, the platform is poised to capitalize on the increasing demand for streaming services. The recent $75 million Series D funding will enable fuboTV to enhance its technology, expand its content library, and enter new markets, setting the stage for substantial growth.
Future fundraising opportunities are likely as fuboTV continues to attract strategic investors from the media and entertainment industry. The company plans to double its office space, hire more engineers, and open a second headquarters, all of which will support its ambitious expansion plans. However, fuboTV faces challenges such as high competition from established streaming services and the need to balance new content additions with its core sports focus. Ensuring a seamless user experience across various devices will also be crucial for maintaining subscriber growth.
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