21st Century Fox, Sky & Scripps Among Latest Investors in fuboTV

The sports-centric streaming service fuboTV has raised an additional $55 million, with 21st Century Fox, Sky and Scripps Networks Interactive among the companies participating in the new funding round.

The Series C round was led by the venture capital fund Northzone, which will take a board position at the company. 21st Century Fox and Sky were both previously part of fuboTV’s Series B round and have contributed again, alongside Scripps. The total investment raised to date by fuboTV is more than $75 million.

Launched in January 2015 as a streaming soccer service, fuboTV has since explanded to deliver dozens of sports, entertainment and news channels. Its live streaming TV lineup features coverage of some of the most popular sports teams, leagues and tournaments from around the world, as well as both pro and collegiate local teams via regional sports networks from Fox Networks Group and NBCUniversal.

Pär-Jörgen Pärson, partner at Northzone, who is joining the fuboTV board, commented: “Fubo is at the apex of capturing a fundamental shift in consumer behavior. Just like we saw as early investors in Spotify within the music business, this will be potentially an even bigger game-changer as television consumption moves online to mobile devices, computers and TV apps. Sports represents prime real estate in the television market, with a massive and engaged audience share, and Fubo has already achieved market-leading coverage of the best live sports content. David and his team have achieved incredible growth in the two years since launch, and we are excited to be partnering with Fubo as they take the next steps in building the online live sports experience of the future.”

David Gandler, co-founder and CEO of fuboTV, said: “Closing this latest round of funding is testament to our ability to execute efficiently in a very competitive market, and to our investors’ acute understanding of the future of our industry. Long term, we are best positioned to drive value for all major media companies and consumers in the U.S. and abroad.”

Henry Ahn, the president of content distribution and marketing at Scripps Networks Interactive, added: “At Scripps Networks Interactive, we believe that defining and responding to changing consumer behavior is essential to our continued success. David and his team have created an exciting and innovative global platform that helps engage a new generation of consumers, and our investment in the team and their technology will enable them to continue to develop their offering and reach for the long-term.”