Hartbeat Valuation, Funding & Investors

Hartbeat is valued at $667M as of April 2022.

Last Hartbeat valuation

$667M

Undisclosed stage · Apr 2022

Last Hartbeat funding round

$100M

Undisclosed stage · Apr 2022

Cumulative funding Hartbeat raised

$100M

across 1 funding round

Key investors in Hartbeat

  • ABRY Partners

Hartbeat Overview

About Hartbeat

Hartbeat is a Los Angeles-based media and production company producing comedy content, films, documentaries, and podcasts at the intersection of sports, music, and urban culture. The studio releases series like Cold As Balls and Die Hart alongside developing scripted TV for Netflix and Peacock. Hartbeat operates studios in LA and Philadelphia, partnering with NBCUniversal and Endeavor Content for global distribution.


Founded

2010

HQ

United StatesLos Angeles, CA

Status

Privately held

Customer focus

B2B

Revenue model

Services

Valuation

$667M (Apr 2022)

Hartbeat Valuation

Hartbeat is currently valued at $667M, based on its undisclosed-stage round in April 2022.

The $100M round was led by ABRY Partners.

Hartbeat valuation by funding round

Hartbeat valuation by funding round
DateStageValuation
Apr 2022Undisclosed stage$667M

Hartbeat Funding History

Hartbeat has raised a total of $100M across 1 funding round.

Hartbeat funding rounds

Hartbeat funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2022Undisclosed stageABRY Partners (lead)$100M$667MHartbeat (also referred to as HartBeat Productions, LLC) is a global multi-platform media company founded by comedian Kevin Hart, formed through the merger of HartBeat Productions and Laugh Out Loud. It focuses on creating entertainment at the intersection of comedy and culture, producing digital content including films, television shows, live performances, and developing over 60 projects with more than 15 entertainment partners. Strategic partnerships include multi-year deals with NBCUniversal’s Peacock (first-look unscripted), Netflix (film), SiriusXM, and Audible via SBH Productions with Charlamagne Tha God. The company is led by an all-Black leadership team with Thai Randolph as CEO, Bryan Smiley as Chief Content Officer, and Jeff Clanagan as Chief Distribution Officer, emphasizing inclusive comedic storytelling. On April 26, 2022, Abry Partners made a $100 million minority investment in Hartbeat to launch and fuel the merged entity, acquiring a 15% stake. This capital raise supports scaling the company, expanding the team, accelerating IP creation, growing existing brands, and enhancing talent partnerships. Abry Partners partner Nicolas Massard joined the Hartbeat board, while Peacock remained a shareholder from its prior equity stake in Laugh Out Loud. Advisors included Evolution Media Capital and Manatt, Phelps & Phillips for Hartbeat, and Kirkland & Ellis for Abry. The investment marks a milestone for minority-owned media companies, enabling significant capitalization and valuation growth in the comedy sector. Hartbeat positions itself as an end-to-end entertainment enterprise producing culturally relevant IP and experiences.

Who has invested in Hartbeat?

1 investor has backed Hartbeat across its funding rounds, including ABRY Partners.

Lead investors include ABRY Partners.


Hartbeat Investors

Investors in Hartbeat by funding rounds participated
InvestorHQRoundsRoleFirst check

This data is available for Pro users. Sign up to see all 1 Hartbeat investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Hartbeat

Hartbeat has acquired 2 companies to date.

Last acquisition by Hartbeat was on April 26th 2022. Hartbeat acquired Hartbeat Productions for $667M.


Latest Acquisitions by Hartbeat

Hartbeat Productions
Laugh Out Loud
Description
Hartbeat Productions is a Los Angeles-based entertainment production company developing comedy specials, films, television series, and digital content. The studio produces Kevin Hart's stand-up specials for Netflix, reality shows like Celebrity Game Face on E!, and scripted projects including the Lift heist film for Netflix. Hartbeat Productions collaborates with streamers and networks worldwide from its California headquarters.
Laugh Out Loud is a Los Angeles-headquartered comedy content network producing original series, specials, and live events across platforms. Founded in 2017 by Kevin Hart through partnerships with Lionsgate and Endeavor, it streams shows like Cold As Balls and Lyft Up on YouTube, with over 100 million subscribers. The brand tours arenas worldwide and develops scripted content for Netflix and Hulu.
HQ CountryUnited StatesUnited States
HQ City
Los Angeles, CA
Los Angeles, CA
Deal Date26 Apr 202226 Apr 2022
Valuation$667Mundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Hartbeat acquisitions and their M&A valuation multiples.

Start Free Trial

Hartbeat Competitors

Hartbeat competitors include listed companies like H & R Century Union, Tron, Cover and Acast, and private ones like VA Corporation and Skybound Entertainment.

Public and private companies comparable to Hartbeat
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
H & R Century UnionChinaChinaPublicly listed$79M($28M)$664M-
VA CorporationSouth KoreaSeoulPrivate--$670M-
TronUnited StatesUnited StatesPublicly listed$5M($17M)$674M-
CoverJapanJapanPublicly listed$317M$34M$677M1.9x
Skybound EntertainmentUnited StatesLos Angeles, CAPrivate$64M-$651M-
AcastSwedenSwedenPublicly listed$257M($1M)$640M1.9x

Hartbeat Public Comps

Hartbeat is still privately-owned, but its public comps include H & R Century Union, Tron, Cover, Acast, Surya Citra Media, TV Tokyo Holdings, YG Entertainment, Huayi Brothers, Beijing Baination and CJ ENM.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
H & R Century Union$79M($28M)8.0x-(22.6x)-
Tron$5M($17M)140.2x-(40.0x)-
Cover$317M$34M1.9x1.9x17.6x9.8x
Acast$257M($1M)2.3x1.9x(481.8x)25.7x
Surya Citra Media$388M$64M1.8x1.5x10.8x4.3x
TV Tokyo Holdings$1.1B$104M0.3x0.3x3.2x3.4x
YG Entertainment$397M$73M1.3x1.2x7.1x7.4x
Huayi Brothers$46M($14M)19.0x-(60.5x)-

This data is available for Pro users. Sign up to see all Hartbeat competitors and their valuation data.

Start Free Trial

Common questions about Hartbeat

When was Hartbeat founded?Hartbeat was founded in 2010.
Where is Hartbeat headquartered?Hartbeat is headquartered in Los Angeles, CA, United States.
Is Hartbeat publicly listed?No, Hartbeat is a private, VC-backed company.
What is Hartbeat's valuation?Hartbeat was last valued at $667M in its undisclosed-stage round in April 2022.
How much funding has Hartbeat raised?Hartbeat has raised $100M across 1 funding round.
What was Hartbeat's last funding round?Hartbeat's last funding round was a $100M undisclosed-stage round in April 2022, led by ABRY Partners.
Who are Hartbeat's investors?Hartbeat's investors include ABRY Partners.
Which companies are comparable to Hartbeat?Companies comparable to Hartbeat include H & R Century Union, VA Corporation, Tron, Cover, Skybound Entertainment and Acast.
How many companies has Hartbeat acquired?Hartbeat has acquired 2 companies, including Hartbeat Productions and Laugh Out Loud.
What was the largest acquisition by Hartbeat?The $667M acquisition of Hartbeat Productions in April 2022 is the largest acquisition Hartbeat has made to date.

See companies similar to Hartbeat

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial