AAA Mux tucks away $105m in series D

Mux tucks away $105m in series D

Mux, a US-based video streaming software provider backed by talent agency CAA, has received $105m in a series D round led by investment manager Coatue Management valuing it at over $1bn.

The round also featured venture capital firms Accel and Andreessen Horowitz as well as investment firms Cobalt Capital and Dragoneer.

Founded in 2015, Mux has built a software tool which enables developers to stream videos across any device. It also offers data analysis services for video streaming platforms through its Mux Data product.

The proceeds of the round will go toward adding new features to the company’s technology platform as well as speeding up recruitment activities.

The series D round has increased Mux’s total funding to $175m, including a $37m series C round in August 2020 led by Andreessen Horowitz and backed by Cobalt Capital and Accel.

Evolution Media, an investment vehicle for CAA and private equity firm TPG, led Mux’s $20m series B round in August 2019 investing alongside Accel and Y Combinator.

The company had raised $9m in an Accel-led series A round in 2017 that included existing backers Y Combinator, Susa Ventures, Advancit Capital, SV Angel, Lowercase Capital, Liquid 2 Ventures and Pathbreaker Ventures and angel investors James Lindenbaum and Ilya Sukhar.