What is fubo?
Established in 2015 and headquartered in New York City, Fubo is a publicly traded US company that is redefining the future of television. The platform operates as a sports-first live TV streaming service, providing subscribers with comprehensive access to live sporting events, news, and entertainment content. By leveraging advanced streaming technology, Fubo bridges the gap between traditional cable experiences and the flexibility of modern digital consumption, catering to a growing demographic of cord-cutters who prioritize high-quality, real-time sports coverage.
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 Neeraj Bhargava, Luminari Capital, David Hou, and BAM Ventures
Series A (2015): $4M led by I2BF Global Ventures, DCM Ventures, LionTree, 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 Scripps Networks Interactive, Northzone, 21st Century Fox, and Sky
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
Luminari Capital
Luminari Capital is a digital media fund focused on the innovation and disruption occurring within the global TV and video ecosystem, mapping key technology themes to fundamental shifts in content consumption.
DCM Ventures
DCM Ventures is a market-leading firm providing comprehensive advertising services, audience insights, and campaign planning tools to help brands maximize their value perception.
British Sky Broadcasting Group
Sky Group Limited is a major European media and telecommunications conglomerate, operating as a subsidiary of Comcast, known for its extensive sports broadcasting and innovative streaming solutions.
What's next for fubo?
Looking ahead, Fubo is poised to leverage its recent capital to further enhance its proprietary technology stack and expand its content library. As the streaming industry continues to consolidate, the company's focus remains on deepening user engagement through personalized experiences and data-driven content delivery. The strategic deployment of these funds will likely prioritize the integration of interactive features and the expansion of its advertising capabilities, ensuring Fubo remains at the forefront of the evolving media and telecommunications sector.
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