US-based live television streaming service FuboTV has raised $75m in a series D round co-led by media companies 21st Century Fox and AMC Networks, Bloomberg reported on Wednesday.
Broadcaster Sky also participated in the round, as did media company Discovery and venture capital firms Northzone and Luminari Capital according to Recode.
FuboTV initially started out as a sports-focused live video streaming platform but has since expanded its offering to include 85 television networks.
Users can subscribe to the basic package for $45 a month, with additional premium networks and sports channels also available, and can watch programming on FuboTV’s own platform as well as third-party services such as Roku and Chromecast.
The funding will go toward hiring additional engineers and covering the cost of streaming live content from US TV networks CBS, Fox and NBC.
21st Century Fox, Sky and Scripps Networks Interactive, which has since been acquired by Discovery, previously backed the company’s $55m series C round in June 2017, which was led by Northzone.
In 2016, Sky and 21st Century Fox had already co-led Fubo TV’s $15m series B round, which also featured DCM Ventures, Luminari Capital, LionTree Partners and assorted angel investors.
Media group Univision Communications invested in the company’s $4m series A round in 2015 alongside LionTree Partners, Luminari Capital and I2BF Digital, a subsidiary of investment firm I2BF Global Ventures.