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 experience to access multi-channel TV lineups, featuring a sleek interface, built-in guide, and network DVR. Philo is also integrating with TV Everywhere and on-demand products like HBO GO, alongside interactive content and social media features, to enhance the student viewing experience. This innovative approach positions Philo as a key player in the evolving landscape of campus entertainment and connectivity.
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 New Enterprise Associates, Felicis Ventures, CBC New Media Group, Rho Ventures, and Home Box Office
Debt (2014): $2.5M led by New Enterprise Associates
Series B (2015): $10M supported by HBO, XFUND, NEA, and Rho Ventures
Debt (2017): $3M featuring Xfund
Private Equity (2017): $22M, investors not publicly disclosed
Private Equity (2017): $25M with participation from AMC Networks, Inc, Discovery, Viacom, A+E, and Scripps Networks
Series C (2018): $41.4M led by Viacom, A+E Networks, Discovery Communications, and AMC
Debt (2020): $1M supported by PPP
Key Investors in Philo
AMC Networks, Inc
AMC Networks is a media company known for its popular television channels and streaming services, focusing on delivering compelling content and engaging fan communities.
Viacom
Viacom is a global media powerhouse with a diverse portfolio of premier brands creating television programs, films, and digital content for worldwide audiences.
A+E Networks
A&E Television Networks is a prominent media company operating well-known brands such as the History Channel and Lifetime, offering a wide array of television programming.
What's next for Philo?
With significant enterprise-level backing and a recent strategic investment, Philo is well-positioned for continued expansion and innovation. The company's focus on integrating advanced features and partnerships with major content providers suggests a strategy aimed at solidifying its market leadership. Future developments are likely to involve further enhancements to its platform, potentially expanding its reach to new educational institutions or exploring adjacent markets that require secure, high-quality video delivery solutions. The company's consistent access to capital, including debt financing, indicates a strong financial footing for future growth initiatives.
See full Philo company page
