Pluto TV, a Los Angeles, CA-based video platform, secured $13m in Series A funding.
The round, which came after previous investments from Universal Music Group, Terry Semel’s Windsor Media, Pritzker Group and numerous angel investors, was led by USVP with participation from United Talent Agency, Sky plc, Chicago Ventures, Great Oaks Venture Capital and Luminari Capital. In conjunction with the funding, Rick Lewis, general partner at USVP, joined Pluto TV’s board of directors.
The company intends to use the funds to continue growing the platform and broaden its content offering and availability across Web, mobile and connected TVs.
Led by Tom Ryan, co-founder and CEO, Pluto TV provides a video platform that allows viewers to watch online and traditional content in one place. The platform is organized into popular common interest categories like music, sports, news, entertainment, comedy, lifestyle, tech, art & culture, education and kids, and features over 100 channels available for free, 24/7 on any device. It is available on mobile phones and tablets through iOS and Android apps; connected TV devices such as Amazon’s Fire TV & Fire TV Stick, Google’s Nexus Player & Chromecast and Apple AirPlay; as well as the web.
The company also announced that Ross Levinsohn, former CEO, Yahoo! and executive chairman, Scout; Ken Parks, chief content officer, Spotify; and Stephane Kurgan, COO, King Digital Entertainment, have joined the company as advisors.
FinSMEs
20/11/2014