SVOD Service Mubi Raises $7.5 million in Additional Investment

LONDON — Mubi, the SVOD service that specializes in arthouse movies, has raised $7.5 million in additional funding, according to chief exec Efe Cakarel.

Mubi, founded in 2007, will receive $2.4 million in a second round of financing due to close this week, after it raised $5.1 million in November, Cakarel told Bloomberg.

Cakarel, who is a former Goldman Sachs staffer, said that Mubi’s investors include Joe Osnoss and Simon Patterson, co-heads of Silver Lake Management’s European investment biz, Working Title co-chief Eric Fellner, and Pascal Cagni, a former exec at Apple. Venture-capital company MMC Ventures is also among Mubi’s new investors.

In February, Samsung, the world’s biggest maker of smartphones and televisions, agreed to offer Mubi on its smart televisions and Blu-ray devices.

The number of registered users is 7 million, and its subscriber base has been growing by 3% a week for the past 18 months, Cakarel claimed. Revenue will rise to about $100 million in three years.

The service costs 2.99 pounds ($4.96) a month in the U.K.

“We are seeing massive growth in the U.K. and Germany, and increasingly Turkey,” Cakarel said. “We’re in both developing and developed markets, but we’re most excited about emerging markets that have strong potential for growth.”

The company launched in Mexico in the past month, and is expanding into Asia.

More Film

  • SAG Awards Snubs and Suprises

    SAG Nominations: 16 Biggest Snubs and Surprises

    LONDON — Mubi, the SVOD service that specializes in arthouse movies, has raised $7.5 million in additional funding, according to chief exec Efe Cakarel. Mubi, founded in 2007, will receive $2.4 million in a second round of financing due to close this week, after it raised $5.1 million in November, Cakarel told Bloomberg. Cakarel, who […]

  • Three Billboards Stranger Things

    SAG Award Nominations Scorecard: Fox Searchlight, Netflix Top List

    LONDON — Mubi, the SVOD service that specializes in arthouse movies, has raised $7.5 million in additional funding, according to chief exec Efe Cakarel. Mubi, founded in 2007, will receive $2.4 million in a second round of financing due to close this week, after it raised $5.1 million in November, Cakarel told Bloomberg. Cakarel, who […]

  • Lady Bird Three Billboards

    SAG Awards: Are 'Lady Bird' and 'Three Billboards' Your New Oscar Frontrunners?

    LONDON — Mubi, the SVOD service that specializes in arthouse movies, has raised $7.5 million in additional funding, according to chief exec Efe Cakarel. Mubi, founded in 2007, will receive $2.4 million in a second round of financing due to close this week, after it raised $5.1 million in November, Cakarel told Bloomberg. Cakarel, who […]

  • Rupert Murdoch Bob Iger Disney Fox

    Disney-Fox Deal: 10 Burning Questions as Takeover Deal Looms

    LONDON — Mubi, the SVOD service that specializes in arthouse movies, has raised $7.5 million in additional funding, according to chief exec Efe Cakarel. Mubi, founded in 2007, will receive $2.4 million in a second round of financing due to close this week, after it raised $5.1 million in November, Cakarel told Bloomberg. Cakarel, who […]

  • Three Billboards Stranger Things SAG Nominations

    Screen Actors Guild Award Nominations: 'Three Billboards' Dominates, 'The Post' Shut Out

    LONDON — Mubi, the SVOD service that specializes in arthouse movies, has raised $7.5 million in additional funding, according to chief exec Efe Cakarel. Mubi, founded in 2007, will receive $2.4 million in a second round of financing due to close this week, after it raised $5.1 million in November, Cakarel told Bloomberg. Cakarel, who […]

  • Olivia Munn Niecy Nash

    SAG Award Nominations: Complete List

    LONDON — Mubi, the SVOD service that specializes in arthouse movies, has raised $7.5 million in additional funding, according to chief exec Efe Cakarel. Mubi, founded in 2007, will receive $2.4 million in a second round of financing due to close this week, after it raised $5.1 million in November, Cakarel told Bloomberg. Cakarel, who […]

  • Sag Awards Preview

    How to Watch the SAG Awards Nominations Live

    LONDON — Mubi, the SVOD service that specializes in arthouse movies, has raised $7.5 million in additional funding, according to chief exec Efe Cakarel. Mubi, founded in 2007, will receive $2.4 million in a second round of financing due to close this week, after it raised $5.1 million in November, Cakarel told Bloomberg. Cakarel, who […]

More From Our Brands

Access exclusive content