MUBI, a global video on demand platform has secured a $7.5 million Series D funding round. This round of funding comes from a range of investors, including Floreat, MMC Ventures and White Star Capital, alongside existing angel investors.
MUBI, the global video on demand platform, is today announcing a $7.5m Series D funding round. This significant round of funding comes from a range of investors, including Floreat, MMC Ventures and White Star Capital, alongside existing angel investors. This investment comes just two weeks after MUBI announced an exciting partnership with Samsung to bring curated cinema to Samsung Smart TV.
Founded in 2007 by Efe Cakarel, MUBI is a subscription platform offering on demand films across multiple devices. The business has shown significant growth over the past seven years, including the signing of industry-defining partnerships with some of the biggest players in consumer electronics and broadcasting: Samsung, Apple, Sony, Dolby and Google. The platform now has 7 million registered users, making MUBI the world’s largest social network dedicated to film. This latest funding round will support the film platform as the company continues this momentum.
The investment comes from a combination of angel, venture capital and private investment, with part of the funding coming from the MMC Ventures’ MMC London Fund, which seeks to provide funding for early stage, fast-growing businesses in London. Existing angel investors Martin Varsavsky, and Simon Patterson and Joe Osnoss of Silver Lake Partners are joined by film producer Eric Fellner. Private Investment office Floreat and White Star Capital also joined this latest round.
Efe Cakarel, founder and CEO of MUBI, said of the investment: “It’s been an exciting couple of years for MUBI. We are on tens of millions of devices and have hosted 2.1 million film views since launch, so this funding round feels like the natural next step in our growth and development. We are delighted with these developments.”
MUBI is headquartered in Palo Alto with offices in London, Istanbul and Munich and has 50 employees. The service focuses on programming the greatest films (from classics to contemporary festival-winners). MUBI is a unique and completely different type of streaming video-on-demand service that brings subscribers a hand-picked selection of 30 amazing films from around the globe. The collection is curated by an in-house team of expert film programmers and updated with a new film every single day, so whether it is a classic or a contemporary masterpiece, there’s always something fresh to discover. The subscription service is currently deployed in 12 countries (US, CA, UK, IE, FR, DE, IT, TR, AU, NZ, NO, MX) – all localized for the market and at an average price of 2.99GBP/4.99EUR/4.99USD per month. MUBI is available on the web, iPhone, iPad, SAMSUNG TVs, SONY TVs and PlayStation 3. Q1 2014 will also see the launch of Android. MUBI just re-launched mubi.com as a way to unify the MUBI film streaming service with our MUBI social platform.
MUBI is also the world’s largest social network devoted purely to film, where over 7 million registered users rate, review and discuss all things cinema.
See more at: mubi.com
For further information:
Emma Parrott, FieldHouse Associates
[email protected], +44 (0) 7988 696059
Amy Basil, MUBI
[email protected], +44 (0) 7890 515889