Total amount raised
$875 Million
Latest funding date
12/1/2024
Location
Rumble has raised funding over three rounds, with the latest being a Post-IPO Equity round. The platform is backed by notable investors, including Tether and Peter Thiel.
Rumble's stock is listed under the ticker NASDAQ:RUM. Keep reading to explore the intricacies of Rumble's fundraising journey and the investors backing this innovative platform.
What Is Rumble?
Rumble is a video-sharing platform headquartered in Toronto, Ontario, Canada. The company operates in various industries, including content creation, content delivery networks, content discovery, software, and video. It has a workforce of 101-250 employees.
Rumble provides an open video management system for publishers and creators. The platform features a wide range of content categories such as gaming, finance, sports, podcasts, and more, with some content available exclusively to premium subscribers.
How Much Funding Has Rumble Raised?
- Post-IPO Equity
- Amount Raised: USD 100,000,000
- Date: September 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion post-IPO.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: May 2021
- Lead Investors: Narya Capital, Peter Thiel
- Valuation at Round: USD 500,000,000
- Motivation Behind the Round: To launch new cloud services, enhance video infrastructure, and expand server capacity.
- Post-IPO Equity
- Amount Raised: USD 775,000,000
- Date: December 2024
- Lead Investors: Tether
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further support the company's growth and expansion post-IPO.
Total Amount Raised: USD 875,000,000
Current Valuation: Not publicly disclosed
Key Investors
- Tether
- Details: Tether is a prominent investor in Rumble, participating as a lead investor in multiple Post-IPO Equity funding rounds. Tether is known for issuing the stablecoin USDT, which is pegged to the US dollar.
- Investment Focus Areas: Cryptocurrency, blockchain technology, financial services.
- Notable Investments: Not publicly disclosed.
- Peter Thiel
- Details: Peter Thiel is a well-known venture capitalist and co-founder of PayPal. He has a reputation for investing in disruptive technology companies.
- Investment Focus Areas: Technology, artificial intelligence, space exploration.
- Notable Investments: Facebook, Palantir Technologies, SpaceX.
- Narya Capital
- Details: Narya Capital is a Cincinnati-based venture capital firm co-founded by JD Vance, author of "Hillbilly Elegy." The firm led a significant investment round in Rumble.
- Investment Focus Areas: Startups, innovative solutions, high-growth potential companies.
- Notable Investments: Not publicly disclosed.
- Colt Ventures
- Details: Colt Ventures is led by Darren Blanton, a former advisor to Donald Trump. The firm participated in an investment round for Rumble.
- Investment Focus Areas: Various investment opportunities, often with a conservative or right-leaning political alignment.
- Notable Investments: Not publicly disclosed.
What's Next for Rumble?
Rumble is poised to capitalize on several significant opportunities, including launching new cloud services and expanding its video platform. With a valuation of around $500 million USD and a user base that has grown from 1.6 million to 31 million monthly viewers, the platform is well-positioned to attract more users seeking alternatives to major platforms like YouTube.
Given its rapid growth and recent investments, Rumble is likely to attract further funding to support its expansion. The company may also explore strategic acquisitions to enhance its technology and infrastructure. However, Rumble faces challenges such as competing with established platforms and managing legal battles, including its lawsuit against Google.
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