[August 04, 2015] |
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Streaming Soccer Platform fuboTV Raises $4 Million in Series A Funding
fuboTV, the largest online provider of live, streaming and curated
soccer content, announced today that it has raised $4 million in Series
A funding. This funding will accelerate fuboTV's expansion in TV network
carriage agreements, platform features and content marketing for its
breakthrough soccer programming service. The round was led by DCM (News - Alert)
Ventures, and included I2BF Digital, LionTree Partners and Luminari
Capital, as well as seed investments from Anthony Vinciquerra, former
CEO of Fox Networks Group, and Blake Krikorian (News - Alert), co-founder of Sling
Media. Visit www.fubo.tv
to learn more.
"fuboTV is the first company to crack the code on how to curate video
programming that reaches focused, yet large audiences," said Jason
Krikorian, general partner at DCM Ventures and co-founder of Sling
Media. "In a short period of time, fuboTV has secured and monetized a
remarkable amount of live soccer games from networks all over the
world. Innovative companies like fuboTV are transforming the way
networks reach consumers and the way they consume content."
Officially launched in January 2015, fuboTV as raised a total of $5.6
million in funding. fuboTV is an Over-the-Top (OTT) streaming service
that gives soccer fans access to live global games and tournaments via
linear cable networks, 24-hour club channels, TV series and news in one
platform. Currently, fuboTV carries more than half the major
international soccer leagues in the world, including La Liga, Serie A,
Ligue Un, Primeira Liga, Copa America and English League Cup through
carriage agreements with TV networks such as beIN Sports, GoITV and
Benfica TV. Additionally, the company holds club partnerships with AJAX
Amsterdam, Borussia Dortmund and Everton. fuboTV will use the new
infusion of capital to grow its premium sports content, build out
technical enhancements to its OTT multi-channel distribution platform
and hire key personnel.
"This investment further validates our mission to provide soccer fans
all over the world with a content platform that is as dedicated to this
incredible sport as they are," said fuboTV CEO and co-founder, David
Gandler. "fuboTV launched just eight months ago in the U.S. market,
which has more than 60 million soccer fans. fuboTV is already delivering
an unmatched number of games involving the world's greatest players and
most celebrated teams. We are committed to partnering with innovative TV
networks, media companies, cable and satellite companies to deliver a
curated and individualized user experience that satisfies the demands of
the most fanatical fan. They deserve nothing less."
About fuboTV
fuboTV is the ultimate destination for soccer fans and the largest
online provider of live, streaming soccer content. Its platform is the
first cloud-based TV service dedicated to bundling live sports, cable
networks, 24-hour club channels, international blocks, TV series and
news dedicated to soccer. fuboTV is a subscription service that is
available on user's desktops via http://www.fubo.tv
or mobile through Amazon Fire TV, Android phones and tablets,
Chromecast, iPad, iPhone (News - Alert), Kindle Fire and Roku.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150804005668/en/
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