What is Philo?
Philo offers universities a cost-effective and secure television solution that operates over existing data networks, thereby reducing external bandwidth requirements. The service provides students with a seamless and secure way to access a multi-channel TV lineup, featuring a sleek interface, an integrated guide, and network DVR capabilities. Philo is also enhancing its platform with integrations for TV Everywhere, on-demand content like HBO GO, interactive features, and social media connectivity, aiming to deliver a comprehensive entertainment experience tailored for the academic environment.
How much funding has Philo raised?
Philo has raised a total of $111.2M across 8 funding rounds:
Series A
$6.3M
Debt
$2.5M
Series B
$10M
Multiple Rounds
$50M
Series C
$41.4M
Debt
$1M
Series A (2013): $6.3M with participation from Felicis Ventures, Home Box Office, CBC New Media Group, New Enterprise Associates, and Rho Ventures
Debt (2014): $2.5M led by New Enterprise Associates
Series B (2015): $10M supported by XFUND, Rho Ventures, NEA, and HBO
Debt (2017): $3M featuring Xfund
Private Equity (2017): $22M, investors not publicly disclosed
Private Equity (2017): $25M with participation from Discovery, Viacom, A+E, AMC Networks, Inc, and Scripps Networks
Series C (2018): $41.4M led by A+E Networks, Viacom, AMC, and Discovery Communications
Debt (2020): $1M supported by PPP
Key Investors in Philo
Felicis Ventures
Felicis Ventures is a venture capital firm based in Menlo Park, specializing in early and growth-stage technology companies across sectors like SaaS, AI, and fintech, often leading seed and Series A rounds.
Home Box Office
Home Box Office (HBO) is a media company established in 1972, known for broadcasting television program series and movies, headquartered in New York, New York.
CBC New Media Group
Capitol Broadcasting Company is a media conglomerate founded in 1937, operating television and radio stations, with its headquarters in Raleigh, North Carolina.
What's next for Philo?
The substantial enterprise-level funding and recent strategic investment signal a strong trajectory for Philo. This capital infusion is likely to be directed towards enhancing its technological infrastructure, expanding its content partnerships, and broadening its university client base. With a focus on innovation and user experience, Philo is well-positioned to solidify its leadership in the campus media solutions market, potentially exploring new features and integrations to further differentiate its offering.
See full Philo company page
