Philo Valuation, Funding & Investors

Philo is valued at $395M as of August 2020.

See full Philo profile

Last Philo valuation

$395M

Series D · Aug 2020

Last Philo funding round

$50M

Series D · Aug 2020

Cumulative funding Philo raised

$131M

across 6 funding rounds

Key investors in Philo

  • Flybridge
  • Xfund
  • Rho Ventures
  • CBC New Media Group
  • HBO
  • New Enterprise Associates

Philo Overview

About Philo

Philo is a San Francisco-headquartered live TV streaming service offering over 70 channels including AMC, Discovery, and MTV for $25 monthly. Launched commercially in 2018 after college market testing, it provides DVR storage and multi-device streaming without contracts. Backed by investors like HBO and Mark Cuban, Philo serves 800,000 subscribers nationwide from offices in New York and Cambridge.


Founded

2010

HQ

United StatesSan Francisco, CA

Website

philo.com

Status

Privately held

Customer focus

B2C

Revenue model

Subscription

Valuation

$395M (Aug 2020)

Philo Valuation

Philo is currently valued at $395M, based on its Series D in August 2020.

The $50M round was led by Republic capital, with participation from Flybridge and Sand Hill Angels.

Philo valuation by funding round

Philo valuation by funding round
DateStageValuation
Aug 2020Series D$395M

Philo Funding History

Philo has raised a total of $131M across 6 funding rounds.

Philo's first fundraising round was a $6M Series A in July 2013. The most recent completed round was a $50M Series D in August 2020.

Philo funding rounds

Philo funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2020Series DRepublic capital (lead); Flybridge; Sand Hill Angels$50M$395MPhilo is an entertainment streaming service founded in 2010 at Harvard University by Tuan Ho and Nicholas Krasney, offering over 60 TV channels, unlimited DVR, and multi-device streaming without traditional cable subscriptions, headquartered in San Francisco with offices in New York and Cambridge, MA. The company provides affordable live TV alternatives in the consumer lifestyle and entertainment sector. Its leadership includes alumni from Facebook, Meraki, and HBO. In August 2020, Philo raised $50 million in its Series D funding round, led by Republic Capital, with participation from investors including Sand Hill Angels and Flybridge, bringing total funding to approximately $133-280 million across multiple rounds. The post-money valuation for this Series D was $395.3 million according to company-submitted Certificates of Incorporation data. Philo had previously raised in earlier rounds, such as $10 million Series B in June 2015 led by National Education Association to improve operations and market reach. The company is backed by 23 investors overall.
Jan 2020Series CFlybridge$1M--
Jul 2018Series CA+E Global Media; Warner Bros. Discovery; Scripps Ventures; AMC; Paramount Skydance$41M--
May 2017Series C-$22M-Philo, a low-cost streaming TV service offering channels like AMC Networks, Discovery, and Viacom, raised $22 million in a Series C funding round in May 2017 to enhance technology and expand service offerings. This followed a Series B round of $10 million in June 2015 led by National Education Association to improve operations and market reach, and earlier rounds including $6.3 million Series A in July 2013 led by New Enterprise Associates.
Jun 2015Series BNational Education Association (lead); CBC New Media Group; Andrew McCollum; HBO; Rho Ventures; Xfund; Craft Ventures$10M-Philo is a next-generation TV platform that enables users to view video content on any devices with intelligent search, discovery, and sharing capabilities. The company pioneered its vision of television through a presence at universities across the country, focusing on a content provider-friendly strategy that differentiated it in the video entertainment market. In June 2015, Philo closed a Series B round of $10 million led by New Enterprise Associates (NEA), with participation from CBC New Media Group, HBO, Rho Ventures, XFUND, and CEO Andrew McCollum. The company used the capital to expand its product vision and operational and strategic initiatives, including relocating its headquarters to San Francisco. Andrew McCollum, a member of the founding team at Facebook, was appointed CEO in fall 2014 shortly before this round.
Jul 2013Series ANew Enterprise Associates (lead); WME; Radical Investments; Felicis; CBC New Media Group; Flybridge; HBO; Rho Ventures; Experiment Fund; Xfund; Darian Shirazi$6M-Philo, originally founded as Tivli in 2010 at Harvard University by Tuan Ho and Nicholas Krasney, provides an over-the-top streaming television service focused on entertainment. The company initially targeted college campuses, launching at Harvard and expanding to universities including Stanford, Yale, Texas A&M, and Brown. In 2013, Philo partnered with HBO to offer HBO GO services to universities and rebranded from Tivli. Philo raised $6.3 million in its Series A funding round in July 2013, led by New Enterprise Associates with participation from investors including HBO, Rho Ventures, Radical Investments (Mark Cuban), CBC New Media Group, Darian Shirazi, Experiment Fund, Felicis, Flybridge, WME, and Xfund. The post-money valuation was not publicly disclosed. The funding supported technology enhancements and service expansion. By September 2015, Philo's service reached 42 universities before pivoting under CEO Andrew McCollum to a direct-to-consumer streaming model and relocating to San Francisco.

Who has invested in Philo?

21 investors have backed Philo across its funding rounds, including Flybridge, Xfund, Rho Ventures, CBC New Media Group, HBO and New Enterprise Associates.

Lead investors include Republic capital, National Education Association and New Enterprise Associates.


Philo Investors

Investors in Philo by funding rounds participated
InvestorHQRoundsRoleFirst check
FlybridgeUnited StatesNew York City, NY3ParticipantJul 2013
CBC New Media GroupUnited StatesRaleigh, NC2ParticipantJul 2013
HBOUnited StatesNew York City, NY2ParticipantJul 2013
Rho VenturesUnited StatesNew York City, NY2ParticipantJul 2013
XfundUnited StatesSan Francisco, CA2ParticipantJul 2013
WMEUnited StatesLos Angeles, CA1ParticipantJul 2013
A+E Global MediaUnited StatesNew York City, NY1ParticipantJul 2018
Radical InvestmentsUnited StatesDallas, TX1ParticipantJul 2013
Warner Bros. DiscoveryUnited StatesNew York City, NY1ParticipantJul 2018
National Education AssociationUnited StatesUnited States1LeadJun 2015
Scripps VenturesUnited StatesNew York City, NY1ParticipantJul 2018
New Enterprise AssociatesUnited StatesSan Francisco, CA1LeadJul 2013
FelicisUnited StatesSan Francisco, CA1ParticipantJul 2013

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Philo Competitors

Philo competitors include listed companies like Viaplay and WildBrain, and private ones like gamma, Inkitt, MobiTV and FightCamp.

Public and private companies comparable to Philo
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
gammaUnited StatesLos Angeles, CAPrivate$100M-$400M4.0x
InkittUnited StatesSan Francisco, CAPrivate$38M-$400M10.5x
MobiTVUnited StatesSan Francisco, CAPrivate--$400M-
FightCampUnited StatesLos Angeles, CAPrivate--$420M-
ViaplaySwedenSwedenPublicly listed$1.8B($40M)$631M0.6x
WildBrainCanadaCanadaPublicly listed$375M$26M$245M1.0x

Philo Public Comps

Philo is still privately-owned, but its public comps include TVZone Media, Bemobi, HUYA, Xunlei, AMC Global Media, SOOP, Sky Network Television, WildBrain, Inkeverse Group and Deezer.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
TVZone Media$51M$6M7.3x-61.6x-
Bemobi$330M$51M1.2x2.4x7.8x7.2x
HUYA$970M($27M)0.1x0.1x(4.2x)11.3x
Xunlei$460M$28M0.2x-3.3x-
AMC Global Media$2.3B$1.2B0.8x0.8x1.5x4.4x
SOOP$340M$107M----
Sky Network Television$474M$98M0.6x0.5x2.7x2.9x
WildBrain$375M$26M0.5x1.0x7.7x8.4x

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Common questions about Philo

When was Philo founded?Philo was founded in 2010.
Where is Philo headquartered?Philo is headquartered in San Francisco, CA, United States.
Is Philo publicly listed?No, Philo is a private, VC-backed company.
What is Philo's valuation?Philo was last valued at $395M in its Series D in August 2020.
How much funding has Philo raised?Philo has raised $131M across 6 funding rounds.
What was Philo's last funding round?Philo's last funding round was a $50M Series D in August 2020, led by Republic capital.
Who are Philo's investors?Philo's investors include Flybridge, CBC New Media Group, HBO, Rho Ventures, Xfund, WME, A+E Global Media, Radical Investments, Warner Bros. Discovery, National Education Association and 11 others.
Which companies are comparable to Philo?Companies comparable to Philo include gamma, Inkitt, MobiTV, FightCamp, Viaplay and WildBrain.

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