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- MoviePass
MoviePass Funding, Investors & Competitors
MoviePass has raised $103M across 3 funding rounds, most recently a $100M undisclosed-stage round in May 2025.
Last MoviePass funding round
$100M
Undisclosed stage · May 2025
Cumulative funding MoviePass raised
$103M
across 3 funding rounds
Key investors in MoviePass
Gaingels
Animoca Brands
Harlem Capital
The Global Emerging Markets Group
Claritas Capital
About MoviePass
MoviePass is a movie theatre subscription company relaunched by co-founder Stacy Spikes after he bought the original MoviePass business out of the bankruptcy of its former parent, Helios and Matheson Analytics, in November 2021. The company sells tiered monthly plans that give members credits to see films at participating cinemas in the United States, with the credit price of a screening varying by showtime and demand, and it manages subscriptions and theatre inventory through its app. The relaunched service opened in beta in 2022 and charges subscription fees rather than offering unlimited viewing at a flat price. MoviePass has also moved into Web3 entertainment products, including a fantasy entertainment platform for film fans with competitions, digital collectibles and rewards. The company is headquartered in New York City and is led by Spikes as chief executive.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
MoviePass Funding History
MoviePass has raised a total of $103M across 3 funding rounds.
MoviePass' first fundraising round was a $2M seed round in January 2023. The most recent completed round was a $100M undisclosed-stage round in May 2025.
MoviePass funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2025 | Undisclosed stage | The Global Emerging Markets Group (lead) | $100M | MoviePass Inc. is a technology company redefining the moviegoing experience, previously known for theatrical subscriptions and now pioneering Web3 experiences including the launch of Mogul, Hollywood's first daily fantasy entertainment platform for film fans with features like data-driven competitions, digital collectibles, rewards-based gameplay, and community-led challenges. GEM Token Fund ISA Ltd., sponsored by GEM Group (a $3.4 billion alternative investment group with a 30-year track record across 70 countries), completed its inaugural $100 million token purchase agreement with MoviePass and partner C3 Foundation in May 2025 to accelerate Mogul's development. The flexible capital commitment spans 24 months, drawable by MoviePass as needed without minimum obligations, marking GEM's launch as a Bermuda-domiciled fund regulated by the Bermuda Monetary Authority for liquidity financing to blockchain and Web3 issuers. |
| Jan 2024 | Seed | - | $1M | MoviePass (NEW), led by co-founder and CEO Stacy Spikes, operates a technology-first movie theater subscription service offering tiered plans, including a $33-a-month option for up to four movies, powered by a credit system and AI inventory management. The company achieved its first profitable year in 2024 with $14 million in revenue. Earlier, in 2023, MoviePass reported its first profitable year under the new model. MoviePass secured a $100 million token purchase agreement from GEM Token Fund in 2025 to develop Mogul, Hollywood's first daily fantasy entertainment platform for predicting box office and per-screen performance, with funds drawable over 24 months for platform features like data-driven competitions and digital collectibles. Separately, Mogul's Series A raised $9 million at a $50 million valuation, primarily from blockchain investors. Comcast's Forecast Labs also invested an undisclosed amount in June 2024 to expand subscribers via TV advertising and develop a cinematic marketplace. MoviePass maintains a 400,000-person waitlist for Mogul, planning rolling access starting shortly after the funding announcement, positioning it as a Web3-based hub for entertainment speculation beyond traditional subscriptions. |
| Jan 2023 | Seed | Animoca Brands; Claritas Capital; Gaingels; Harlem Capital | $2M | - |
Who has invested in MoviePass?
5 investors have backed MoviePass across its funding rounds, including Gaingels, Animoca Brands, Harlem Capital, The Global Emerging Markets Group and Claritas Capital.
Lead investors include The Global Emerging Markets Group.
MoviePass Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jan 2023 | ||
| 1 | Participant | Jan 2023 | ||
| 1 | Participant | Jan 2023 | ||
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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 TrialAcquisitions by MoviePass
MoviePass has acquired 1 company to date.
Last acquisition by MoviePass was on November 10th 2021. MoviePass acquired MoviePass for $140K.
Latest Acquisitions by MoviePass
| Description | MoviePass was a movie theatre subscription company that sold monthly plans letting members see films in cinemas across the United States, paying theatres for each ticket through a prepaid card issued to subscribers. It was founded in New York City in 2011 by Stacy Spikes and Hamet Watt. Helios and Matheson Analytics bought a majority stake in 2017 and cut the price of an unlimited plan sharply, which brought rapid subscriber growth but heavy losses, because the company paid full ticket prices while collecting a fraction of them. After repeated changes to its plans the service shut down in September 2019, and Helios and Matheson filed for Chapter 7 liquidation in January 2020. Co-founder Stacy Spikes bought the MoviePass business out of the bankruptcy estate in November 2021 and relaunched it under a new company. |
| HQ Country | |
| HQ City | New York City, NY |
| Deal Date | 10 Nov 2021 |
| Valuation | $140K |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all MoviePass acquisitions and their M&A valuation multiples. Start Free Trial | |
MoviePass Competitors
MoviePass competitors include listed companies like Comcast and Saregama India, and private ones like Epic Games, Labs, Kakao Entertainment and Patreon.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $124B | $46B | $87B | 1.4x | ||
| Private | $5.7B | $730M | $23B | 3.9x | ||
| Private | - | - | $10B | - | ||
| Private | $1.2B | - | $7B | 5.8x | ||
| Private | $80M | - | $4B | 50.0x | ||
| Publicly listed | $101M | $37M | $1.3B | 10.5x |
MoviePass Public Comps
MoviePass is still privately-owned, but its public comps include Alphabet, Amazon, Netflix, Disney, Spotify, Comcast, NetEase, Fox Corporation, EchoStar and Baidu.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $403B | $176B | 8.4x | 7.0x | 19.2x | 15.3x | |||
| $717B | $161B | 4.1x | 3.6x | 18.4x | 14.1x | |||
| $45B | $30B | 5.9x | 5.3x | 8.9x | 16.2x | |||
| $94B | $19B | 2.6x | 2.4x | 13.4x | 11.0x | |||
| $19B | $2.4B | 5.9x | 5.3x | 47.8x | 34.8x | |||
| $124B | $46B | 1.3x | 1.4x | 3.6x | 4.9x | |||
| $17B | $5.9B | 3.5x | 3.3x | 10.0x | 8.4x | |||
| $17B | $3B | 2.3x | 2.3x | 13.3x | 9.8x | |||
This data is available for Pro users. Sign up to see all MoviePass competitors and their valuation data. Start Free Trial | ||||||||
Common questions about MoviePass
| When was MoviePass founded? | MoviePass was founded in 2022. |
| Where is MoviePass headquartered? | MoviePass is headquartered in New York City, NY, United States. |
| Is MoviePass publicly listed? | No, MoviePass is a private, VC-backed company. |
| How much funding has MoviePass raised? | MoviePass has raised $103M across 3 funding rounds. |
| What was MoviePass' last funding round? | MoviePass' last funding round was a $100M undisclosed-stage round in May 2025, led by The Global Emerging Markets Group. |
| Who are MoviePass' investors? | MoviePass' investors include Animoca Brands, Claritas Capital, Gaingels, The Global Emerging Markets Group and Harlem Capital. |
| Which companies are comparable to MoviePass? | Companies comparable to MoviePass include Comcast, Epic Games, Labs, Kakao Entertainment, Patreon and Saregama India. |
| How many companies has MoviePass acquired? | MoviePass has acquired 1 company, including MoviePass. |
| What was the largest acquisition by MoviePass? | The $140K acquisition of MoviePass in November 2021 is the largest acquisition MoviePass has made to date. |
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