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. FuboTV operates as a sports-first live TV streaming platform, offering 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 Over-The-Top (OTT) streaming market, appealing to a dedicated demographic of sports enthusiasts.
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, Neeraj Bhargava, Luminari Capital, and David Hou
Series A (2015): $4M led by DCM Ventures, LionTree, I2BF Global Ventures, and Luminari Capital
Series B (2016): $15M supported by DCM Ventures, 21st Century Fox, Luminari Capital, and British Sky Broadcasting Group
Series C (2017): $55M featuring 21st Century Fox, Sky, Northzone, and Scripps Networks Interactive
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
DCM Ventures
DCM Ventures is a venture capital firm specializing in early-stage technology investments, with a focus on digital media and communications sectors. Their investment in Fubo indicates a belief in the company's innovative approach to content distribution and media consumption.
Luminari Capital
Luminari Capital is a digital media fund that invests in disruptive technologies within the TV and video ecosystem. Their backing of Fubo highlights a strategic interest in the evolution of streaming platforms and content delivery.
British Sky Broadcasting Group
Sky, a leading European media and telecommunications conglomerate, has invested in Fubo, signaling a strategic alignment in the live TV streaming space and a potential for synergistic growth in content distribution and technology.
What's next for fubo?
With its recent major strategic investment and a substantial total funding history of $279.7M, Fubo is poised for accelerated growth. The company's trajectory suggests a focus on expanding its content library, enhancing its technological infrastructure, and potentially broadening its market reach. Future capital injections or strategic partnerships will likely be aimed at scaling its operations, improving user experience, and maintaining its competitive edge against established media giants and emerging streaming services. The company's public trading status also opens avenues for further equity financing to support its ambitious expansion plans.
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