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$20 million raised by Tubi TV as fresh funds

Tubi TV, a multi-platform AVOD service has announced that they have raised $20 million as funds from Jump Capital along with the help of their existing investor partners Foundation Capital, who were responsible for Tubi TV’s Series A round. This new round of funding will be used as a measure to expand its “premium” OTT ad inventory and take on competition like Crackle & Vudu. With a VOD library of more than 50,000 titles , Tubi TV’s audience increased by a 9x growth rate in monthly active users in 2016. Read More

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