fuboTV Raises US$15M in Series B Funding
Summary
fuboTV, a NYC-based virtual multichannel video programming distributor in the U.S., raised US$15m in Series B funding.As a result of the equity agreements, both Sky and 21st Century Fox will take board positions.Co-founded by David Gandler (CEO), Sung Ho Choi (CTO) and Alberto Horihuela (CMO), fuboTV provides subscribers with a an over-the-top offering of sports TV channels, featuring hundreds of live soccer matches, club videos, series, documentaries and other English, Spanish and Portuguese content.The service has in place distribution deals with TV channels that hold U.S. rights to major worldwide sporting events, including soccer matches from more than half of the leading international soccer leagues and tournaments, including Univision Networks, beIN SPORTS, GolTV and Benfica TV, as well as entertainment networks targeting millennials such as El Rey Network, Pivot and REVOLT.The company had closed a $4m Series A round in August 2015, led by DCM Ventures and including I2BF Digital, LionTree Partners, Luminari Capital and Univision Communications Inc., as well as seed investments from Anthony Vinciquerra, former CEO of Fox Networks Group, and Blake Krikorian, co-founder of Sling Media.