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- Hartbeat
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
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
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$667M (Apr 2022)
Sectors
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
| Date | Stage | Valuation |
|---|---|---|
| Apr 2022 | Undisclosed stage | $667M |
Hartbeat Funding History
Hartbeat has raised a total of $100M across 1 funding round.
Hartbeat funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2022 | Undisclosed stage | ABRY Partners (lead) | $100M | $667M | Hartbeat (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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions 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
| 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 Country | ||
| HQ City | Los Angeles, CA | Los Angeles, CA |
| Deal Date | 26 Apr 2022 | 26 Apr 2022 |
| Valuation | $667M | undisclosed |
| 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $79M | ($28M) | $664M | - | ||
| Private | - | - | $670M | - | ||
| Publicly listed | $5M | ($17M) | $674M | - | ||
| Publicly listed | $317M | $34M | $677M | 1.9x | ||
| Private | $64M | - | $651M | - | ||
| Publicly listed | $257M | ($1M) | $640M | 1.9x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $79M | ($28M) | 8.0x | - | (22.6x) | - | |||
| $5M | ($17M) | 140.2x | - | (40.0x) | - | |||
| $317M | $34M | 1.9x | 1.9x | 17.6x | 9.8x | |||
| $257M | ($1M) | 2.3x | 1.9x | (481.8x) | 25.7x | |||
| $388M | $64M | 1.8x | 1.5x | 10.8x | 4.3x | |||
| $1.1B | $104M | 0.3x | 0.3x | 3.2x | 3.4x | |||
| $397M | $73M | 1.3x | 1.2x | 7.1x | 7.4x | |||
| $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. |
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