What is fubo?
Established in 2015 and headquartered in New York City, fubo is a fast-growing, publicly traded US company defining the future of television. The fuboTV platform is a sports-first live TV streaming service that offers subscribers access to a vast array of live sporting events annually, alongside news and entertainment content. The company's strategic focus on live sports has positioned it as a unique offering in the crowded streaming market, attracting a dedicated subscriber base.
How much funding has fubo raised?
fubo has raised a total of $279.7M across 7 funding rounds:
Other Financing Round
$725K
Series A
$4M
Series B
$15M
Series C
$55M
Multiple Rounds
$205M
Other Financing Round (2015): $725K with participation from BAM Ventures, David Hou, Neeraj Bhargava, and Luminari Capital
Series A (2015): $4M led by LionTree, Luminari Capital, DCM Ventures, and I2BF Global Ventures
Series B (2016): $15M supported by 21st Century Fox, British Sky Broadcasting Group, Luminari Capital, and DCM Ventures
Series C (2017): $55M featuring Scripps Networks Interactive, 21st Century Fox, Sky, and Northzone
Debt (2020): $2M backed by PPP
Share Placement (2020): $20M, investors not publicly disclosed
Stock Issuance/Offering (2020): $183M, investors not publicly disclosed
Key Investors in fubo
BAM Ventures
BAM Ventures is an investment firm comprised of operators with extensive experience in building and investing in companies, focusing on founders who deeply understand their consumers. They invest not only capital but also time, experience, and relationships.
Luminari Capital
Luminari Capital is a digital media fund concentrating on innovation and disruption within the TV/video ecosystem, mapping key technology themes to transformations in content creation, distribution, and consumption.
LionTree
LionTree is an investment and merchant bank specializing in media, technology, communications, consumer, and creative industries, focused on bringing capital and innovative ideas together to accelerate growth.
What's next for fubo?
With the recent infusion of $183M in major strategic investment and a cumulative backing of $279.7M, fubo is poised for accelerated growth. This capital injection is likely to be directed towards enhancing its content library, expanding its technological infrastructure, and potentially pursuing strategic acquisitions or partnerships. The company's trajectory suggests a continued focus on solidifying its position as a leading sports-centric streaming service, with potential for diversification into related entertainment verticals.
See full fubo company page
