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Quibi Raises $750M in Second Funding Round; at $1.75 Billion Valuation
Quibi, a Los Angeles, CA-based entertainment platform, raised $750m in second funding round.
The round valued the company at $1.75 billion.
It is know that they were studios, major technology companies, strategic partners and financial investors.
The company intends to use the funds to support the expected launch of its platform on April, 6, 2020.
Founded by Jeffrey Katzenberg and Meg Whitman, Quibi will produce original content (movie quality shows) in 10 minutes or less in a format designed for a mobile-first audience and platform. | To read full story, visit https://startuparound.com/read/1583364607.684632/Quibi-Raises-$750M-in-Second-Funding-Round;-at-$1.75-Billion-Valuation?ref=audio_experience
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By Startup AroundQuibi, a Los Angeles, CA-based entertainment platform, raised $750m in second funding round.
The round valued the company at $1.75 billion.
It is know that they were studios, major technology companies, strategic partners and financial investors.
The company intends to use the funds to support the expected launch of its platform on April, 6, 2020.
Founded by Jeffrey Katzenberg and Meg Whitman, Quibi will produce original content (movie quality shows) in 10 minutes or less in a format designed for a mobile-first audience and platform. | To read full story, visit https://startuparound.com/read/1583364607.684632/Quibi-Raises-$750M-in-Second-Funding-Round;-at-$1.75-Billion-Valuation?ref=audio_experience