fuboTV is a streaming TV service built around live sports, offering access to NBA, NHL, UFC and extensive international soccer coverage (Bundesliga, EPL, La Liga, Liga MX, MLS, World Cup qualifiers, UEFA Champions League). The service offers a Fubo Premier package (70+ channels) priced at $19.99 for the first month and $44.99 thereafter, with add-ons for extra sports, international packages, DVR and additional streams. It claims over 30,000 sporting events per year and a 10,000+ title VOD library, and had over 100,000 paid subscribers as of September 2017 with continued double-digit growth. fuboTV has broadened beyond pure sports by adding entertainment networks (including channels tied to strategic investors) and expanded broadcast affiliates (Fox in 87% of U.S. households; NBC and CBS in 72% and 68%; 257 local affiliates total). The company generates revenue from subscriptions and advertising, with advertising representing a low single-digit percentage of revenue but growing rapidly after launching server-side ad insertion; management expects ad revenue per subscriber above Spotify's published benchmark. fuboTV is forecasting a revenue run rate of over $100 million within a year and plans to use new capital to double office space and its engineering and product teams, open a second headquarters, develop new products and content offerings, and increase marketing. FuboTV is a streaming TV service that targets sports fans by offering a lineup of sports-focused channels and live sports coverage. The company initially focused on soccer but has expanded into dozens of sports channels through deals with Fox and NBC Universal. It distributes apps for iPhone, iPad, Android, Apple TV, Amazon Fire TV and Roku. FuboTV replaced a $10/month soccer skinny bundle with a larger $35 package of more than 55 channels. Before discontinuing the smaller bundle, the company had signed up more than 75,000 subscribers. Financially, FuboTV has raised a total of $75 million since being founded in 2014. The company plans to use new funding to increase marketing spend and develop new products specifically for people watching sports matches and related content. fuboTV offers a sports-first over-the-top bundle of linear sports and entertainment channels, with a strong emphasis on live soccer and multilingual content (English, Spanish and Portuguese). The service has distribution deals with rights holders including Univision Networks, beIN SPORTS, GolTV and Benfica TV, and has recently added entertainment networks such as El Rey Network, Pivot and REVOLT. Launched in January 2015, fuboTV has quickly become the second-largest virtual MVPD in the U.S. and the top provider of live streaming soccer, available across web, mobile and major streaming devices. The company reports more than 40,000 subscribers, a customer base concentrated in millennial males and roughly 30% Latin American. Financially, fuboTV has raised a total of $20.6 million to date, including a $4 million Series A in August 2015 and the $15 million Series B announced here. The Series B proceeds are earmarked to grow the sports-first offering, develop new features, market the service to increase subscribers, and to deepen collaboration with strategic investors. fuboTV is a cloud-based over-the-top (OTT) TV service dedicated to bundling live soccer matches, cable networks, 24-hour club channels, international blocks, series and news into a single subscription platform. Launched in January 2015, the service is available on desktop and devices including Amazon Fire TV, Android, Chromecast, iPad, iPhone, Kindle Fire and Roku. The company carries more than half of the major international soccer leagues through carriage agreements with networks such as beIN Sports, GoITV and Benfica TV, and maintains club partnerships with AJAX Amsterdam, Borussia Dortmund and Everton. fuboTV says it has secured and monetized a substantial amount of live soccer programming and is targeting expanded TV network carriage, platform feature enhancements and content marketing. Financially, the company has raised a total of $5.6 million to date, including the announced Series A. Management plans to use new capital to grow premium sports content, build out technical enhancements to its OTT multi-channel distribution platform and hire key personnel. fuboTV is a cloud-based TV service dedicated to sports that bundles live sports cable networks, 24-hour club channels, international blocks, TV series and news into a single platform for soccer fans. The company has launched an OTT streaming service priced at $6.99/month. The service is available on Roku, Samsung TV, iOS/Android, Amazon Fire TV and via its website. fuboTV closed a $1.6M round of funding to further develop its delivery and sports subscription platform. The article notes the backers remained undisclosed. The piece does not specify the financing instrument beyond a funding round.

Total raised

$151M

Funding rounds

5

Latest round

Series D

Latest activity

Apr 2018