Film reel

MUBI closes USD7.5m Series D funding

Fri, 14/03/2014 - 06:05

MUBI, the global video on demand platform, has closed a USD7.5m Series D funding round led by Floreat, MMC Ventures and White Star Capital, alongside existing angel investors.

The investment comes just two weeks after MUBI formed a 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 and has signed partnerships with Samsung, Apple, Sony, Dolby and Google. The platform now has seven million registered users, making MUBI the world’s largest social network dedicated to film.
 
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.
 
Cakarel says: “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.”


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