Home Quibi raises USD 750 mln more ahead of launch
 

Keywords :   


Quibi raises USD 750 mln more ahead of launch

2020-03-05 12:46:00| Telecompaper Headlines

(Telecompaper) Short-form video service Quibi has raised USD 750 million in second-round funding, after raising USD 400 in January, Variety reported. The company said the money should take it to the point of profitability. The service, started by Jeffrey Katzenberg and Meg Whitmas, has raised USD 1.75 billion to date. No investor names were disclosed for this round, but the company said they included new and existing investors from "studios, major technology companies, strategic partners and financial investors." 

Tags: usd ahead launch raises

Category:Telecommunications

Latest from this category

All news

»
01.11Boeing makes 38% pay rise offer in bid to end strike
01.11The house paints that promise much more than colour
01.11Eastern North Pacific Tropical Weather Outlook
01.11Atlantic Tropical Weather Outlook
01.11Technology adoption: What's on the ag tech horizon for 2025
01.11Technology adoption: What's on the ag tech horizon for 2025
01.11How Japan's youngest CEO transformed Hello Kitty
31.10Unicharm to Expand in Africa
More »