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
12.03Reengineering Enterprise AI From Infrastructure to Agents
09.03Make Your Azure Data Platform AI-Ready
04.03Your AI Agents Are Only As Smart As Your Data Infrastructure
Telecommunications »
16.03PM says UK working with allies on plan to reopen Strait of Hormuz
16.03Soaring heating oil bills 'pressuring' finances
16.03Iran hits key UAE oil port and Dubai airport
16.03How a charity founded by farmers' wives helps children in the Borders
16.03Alcohol-free beer and pet grooming used to measure inflation
16.03Alcohol-free beer and pet grooming used to measure inflation
16.03Steelworks costing 1.3m a day to run
16.03Funding change ends school holiday food vouchers
More »