×
You will be redirected back to your article in seconds

Web-Video Startup Pluto TV Raises $13 Million from U.S. Venture Partners, UTA, Sky and Others

Pluto.TV, a startup whose service aggregates Internet video in a TV-like grid, has closed $13 million in Series A funding led by U.S. Venture Partners, with participation from UTA as well as existing investors Sky, Chicago Ventures, Great Oaks Venture Capital and Luminari Capital.

The L.A.-based company also named three industry execs to its advisory board: Ross Levinsohn, former CEO of Guggenheim Digital and Yahoo; Ken Parks, Spotify’s chief content office; and Stephane Kurgan, COO of gaming company King Digital Entertainment.

The latest round comes after previous investments from Universal Music Group, Terry Semel’s Windsor Media, Pritzker Group and angel investors including UTA CEO Jeremy Zimmer. With the funding, USVP general partner Rick Lewis will join Pluto.TV’s board.

“With the explosion of premium content available on the web and consumers increasingly watching video across various devices, Pluto is poised to be the top destination for viewers looking for the best programming in one place,” USVP’s Lewis said in a statement.

Launched in March, Pluto.TV’s service pulls in video from YouTube and other websites, organizing it into about 100 thematic channels like music, news, sports and comedy as well as more niche areas like anime and “cats 24/7.” Those are presented as linear, TV-style continuous streams, while users can also access video on-demand.

In October, Sky announced an investment of $500,000 in Pluto.TV. In the latest round, the U.K. satcaster has put in another $1 million.

Pluto.TV’s long list of angel investors includes: Brent Weinstein, UTA’s head of digital media; Avram Miller, founder, Intel Capital; Mich Mathews, former CMO, Microsoft; Chris Silbermann, president and partner, ICM; Greg Steiner, COO, Beachmint and former COO, eHarmony; rapper Nas and Anthony Saleh’s Queensbridge Venture Partners; Dennis Phelps, general partner, Institutional Venture Partners; Jonathan Nelson, CEO Omnicom Digital; Tom Whalley, former CEO, Warner Bros. Records and co-founder, Interscope Records; Jamie Tarses, former president, ABC Entertainment; TenOneTen Ventures managing partner David Waxman; and Maker Studios SVP of marketing Jeremy Welt.

Pluto.TV is currently available in the U.S., but the startup expects to roll out worldwide eventually. The service is available through iOS and Android apps, Google Chromecast, Amazon Kindle Fire tablets and Fire TV set-tops, as well as on the web at pluto.tv. The company has not disclosed how many users it has attracted to date.

More Digital

  • Netflix Claims 'Fortnite' Is a Bigger

    Netflix Claims 'Fortnite' Is a Bigger Competitor Than HBO

    It may be mostly gamesmanship, but Netflix says it’s not really focused on rival streaming-video services from Amazon, Hulu, Disney, WarnerMedia or other big players as much as improving its own service to win share of consumers’ attention. “We compete with (and lose to) ‘Fortnite’ more than HBO,” Netflix told investors in its quarterly letter [...]

  • Netflix - Apple TV

    Netflix Turns in Record Q4 Subscriber Gains, Price Increase Weighs on U.S. Forecast

    Netflix is beating Wall Street expectations for international subscriber growth — but its recently announced price increase in the U.S. may have put a damper on its momentum in the States. For the fourth quarter of 2018, Netflix reported 1.53 million paid net adds in the U.S. and 7.31 million internationally, to end the year [...]

  • Bird Box

    'Bird Box' Has Been Watched by 80 Million Subscribers, Netflix Says

    Netflix used its Q4 2018 earnings report Thursday to give us a rare update on some of its audience numbers: The company estimates that its horror-thriller “Bird Box” will be viewed by over 80 million member households in the first four weeks following its release. “We are seeing high repeat viewing,” company executives wrote in [...]

  • Crackle Latin America

    Sony Shuts Down Crackle Latin America Business

    Sony Pictures Television is folding the Crackle Latin America subscription VOD service, which has 400,000 subscribers across 17 countries, after concluding the business isn’t economically viable. Crackle Latin America first launched in April 2012 as an ad-supported streaming service — like the U.S. version of Crackle — before switching in 2016 to a subscription video-on-demand [...]

  • Google Home entryway

    NPR Has Turned 'Wait Wait... Don’t Tell Me' Into a Game for Smart Speakers

    NPR has turned its popular “Wait Wait… Don’t Tell Me!” news quiz show into an interactive game for smart speakers: Owners of speakers powered by Google’s Assistant or Amazon Alexa will be able to play along to questions about the news of the week. Just like the radio show, the quiz is being hosted by [...]

  • WARNING: Embargoed for publication until 00:00:01

    BritBox Subscribers Hit Half a Million

    The number of subscribers to BritBox has hit 500,000, the streaming service said Thursday. The platform, launched as a collaboration between BBC Studios and ITV, is designed to offer U.S. and Canadian viewers the best of recent and classic British television content. The streaming service launched in the U.S. in March 2017 with a host of [...]

  • Andy Yeatman - Moonbug

    Andy Yeatman, Former Netflix Head of Kids Content, Lands at Startup Moonbug (EXCLUSIVE)

    Andy Yeatman has joined children’s entertainment startup Moonbug Entertainment to oversee North America operations, after he exited Netflix a little over a year ago. Moonbug, dual-headquartered in London and L.A., has set out on a mission to acquire “fun and safe” kids’ entertainment properties and develop new content and businesses based on them. Yeatman, as head [...]

More From Our Brands

Access exclusive content