fuboTV, a NYC-based sports-first streaming TV service in the U.S., raised an additional U.S.$55m in Series C funding.
The round, which brought total investment raised to date to more than $75m, was led by Northzone, with participatiion from 21st Century Fox and Sky – both previously part of fuboTV’s Series B round – and Scripps Networks Interactive. In conjunction with the funding, Pär-Jörgen Pärson, partner at Northzone, is joining the fuboTV Board.
The company intends to use the funds to expand its basic line-up with new programming offerings, grow its engineering and product teams to continue to improve its back-end technology and build additional features focusing on its sports fan enthusiasts and expand marketing efforts.
Launched in January 2015 by CEO David Gandler, fuboTV is a multichannel video programming distributor giving subscribers access to dozens of sports, entertainment, and news channels.
The company launched its expanded “Fubo Premier” entry-level bundle in April 2017 with a line-up of 55-plus channels, including 31 that feature sports content. This live streaming TV line-up features coverage of the most popular sports teams, leagues, and tournaments in the world, as well as both professional and collegiate local teams via regional sports networks (RSNs) from Fox Networks Group and NBCUniversal.
It is available on desktop or mobile web via www.fubo.tv; on Amazon Fire TV and Fire TV Stick; Android and iOS devices; Apple TV; Chromecast; Kindle Fire; Roku; and through T-Mobile’s Binge On.
FinSMEs
22/06/2017