How Much Did Tubi Raise? Funding & Key Investors

Reed Hastings

Title

CEO

Email

pranav@clay.com

OpenAI

Location

NY

OpenAI

Total amount raised

10000

Latest funding date

April 05

Date
March 7, 2025

Tubi

Total amount raised

$26 Millions

Latest funding date

March, 2020

Tubi

Location

Title

Email

Status
Verified
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Tubi has successfully raised $26 million over three funding rounds, culminating in its acquisition in March 2020. The platform offers free streaming of movies and TV shows without subscription fees or credit cards.

Keep reading to explore the intricacies of Tubi's fundraising journey and the investors backing this innovative platform.

What Is Tubi?

Tubi, founded by Farhad Massoudi, is a San Francisco-based streaming service offering free movies and TV shows. The platform partners with major Hollywood studios like Lionsgate and Paramount to provide an extensive library of content.

Launched with the vision of revolutionizing movie and TV consumption, Tubi has grown significantly since its inception. The company now boasts a team of 201-500 employees, dedicated to delivering high-quality entertainment without subscription fees.

Available on various devices, Tubi's user-friendly interface allows viewers to enjoy a wide range of genres, from new releases to classic favorites. The service continues to expand its offerings, making it a popular choice for streaming enthusiasts.

How Much Funding Has Tubi Raised?

  1. Series A Round
    • Amount Raised: $14 million
    • Motivation Behind the Round: Initial funding to launch and grow the ad-supported streaming service.
  2. Series B Round
    • Amount Raised: $6 million
    • Date: November 19, 2015
    • Lead Investors: Cota Capital, MGM, Lionsgate, Foundation Capital
    • Motivation Behind the Round: To expand its content library and grow its team, particularly in engineering and marketing.
  3. Series C Round
    • Amount Raised: $20 million
    • Date: May 9, 2017
    • Lead Investors: Jump Capital
    • Motivation Behind the Round: To double its total funding and expand its library of free, premium movies and TV shows.

Tubi has raised a total of $40 million in funding. The most recent valuation is $440 million (~estimated).

Key Investors

  • Fox Corporation
    • Details: Fox Corporation is a broadcast news and entertainment company holding the Murdoch Family's television and cable sports and media assets after the sale of 21st Century Fox to Disney. It acquired Tubi for $440 million to expand its direct-to-consumer audience and capabilities.
    • Investment Focus Areas: Broadcast news, entertainment, sports, media assets
    • Notable Investments: Previously held a 5% stake in Roku
  • Jump Capital
    • Details: Jump Capital is a venture capital firm that led Tubi's $20 million Series C funding round. The firm typically invests in technology and media companies.
    • Investment Focus Areas: Technology, media, financial services
    • Notable Investments: 99designs, Personal Capital, Ring
  • MGM
    • Details: MGM is a major Hollywood studio known for its extensive catalog of films and TV shows. It participated in Tubi's Series B funding round and licensed hundreds of titles to the platform.
    • Investment Focus Areas: Film production, television production, content distribution
    • Notable Investments: James Bond series, Rocky, The Hobbit
  • Lionsgate
    • Details: Lionsgate is another major Hollywood studio with a significant library of content. It also participated in Tubi's Series B funding round and licensed numerous titles to the service.
    • Investment Focus Areas: Film production, television production, content distribution
    • Notable Investments: The Hunger Games, Twilight, John Wick
  • Foundation Capital
    • Details: Foundation Capital is a venture capital firm that invests in early-stage technology companies. It was an existing investor in Tubi and participated in the Series B funding round.
    • Investment Focus Areas: Technology, enterprise software, fintech
    • Notable Investments: Netflix, LendingClub, Sunrun

What's Next for Tubi?

With Fox Corporation's acquisition, Tubi is poised to leverage Fox's digital advertising, direct-to-consumer features, and personalization technology. This integration offers a significant opportunity to enhance user experience and expand its audience base. Additionally, access to Fox's news and sports programming could attract a broader demographic, further solidifying Tubi's position in the ad-supported streaming market.

Future fundraising opportunities may arise as Tubi continues to grow, potentially attracting more venture capital and strategic investments. However, the company will need to navigate challenges such as integrating Fox's content while maintaining its existing library and competing with other streaming services. Ensuring a seamless user experience with minimal ad interruptions will be crucial for retaining viewers.

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