- Companies
- Quibi
Quibi Valuation, Funding & Investors
Quibi is valued at $1.8B as of March 2020.
Last Quibi valuation
$1.8B
Undisclosed stage · Mar 2020
Last Quibi funding round
$750M
Undisclosed stage · Mar 2020
Cumulative funding Quibi raised
$1.8B
across 2 funding rounds
Key investors in Quibi
Alibaba Group
Pegasus Tech Ventures
WndrCo
Greenspring Associates
Liberty Global
Madrone Capital Partners
About Quibi
Quibi was a short-form mobile video streaming service founded in 2018 by Jeffrey Katzenberg and led by Meg Whitman, offering ad-supported and ad-free subscription tiers built around brief, 'quick bite' episodes designed for smartphone viewing. The service launched in April 2020 with original programming produced by major studios and backing from investors including Disney and Goldman Sachs. Quibi struggled to gain subscribers against free alternatives such as TikTok and shut down after about six months.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
Valuation
$1.8B (Mar 2020)
Quibi Valuation
Quibi is currently valued at $1.8B, based on its undisclosed-stage round in March 2020.
The $750M round included WndrCo, Alibaba Group and Pegasus Tech Ventures.
Quibi valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2020 | Undisclosed stage | $1.8B |
Quibi Funding History
Quibi has raised a total of $1.8B across 2 funding rounds.
Quibi's first fundraising round was a $1B undisclosed-stage round in August 2018. The most recent completed round was a $750M undisclosed-stage round in March 2020.
Quibi funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2020 | Undisclosed stage | WndrCo; Alibaba Group; Pegasus Tech Ventures | $750M | $1.8B | Quibi was a short-form mobile streaming service launched in April 2020 by Jeffrey Katzenberg and Meg Whitman, raising a total of $1.75 billion prior to launch from investors including Disney and Goldman Sachs. Quibi offered ad-supported subscriptions at $5/month and ad-free at $8/month, targeting quick-hit content for mobile viewers. Despite high-profile backing and content, Quibi struggled post-launch amid the pandemic, with only 910,000 subscribers retaining after free trials by mid-2020 and failing to gain traction against free alternatives like TikTok. The service shut down after six months. |
| Aug 2018 | Undisclosed stage | Madrone Capital Partners (lead); Entertainment One; Greenspring Associates; Disney; WarnerMedia; 21st Century Fox; Liberty Global; MGM Studios; Alibaba Group; Sony Pictures Entertainment; Paramount Skydance; Warner Bros. | $1B | - | Quibi, founded in 2018 by Jeffrey Katzenberg and led by Meg Whitman, raised $1 billion in a venture funding round led by Madrone Capital Partners. Investors included 21st Century Fox, Alibaba Group, Disney, WarnerMedia, MGM Studios, Paramount Skydance, Sony Pictures Entertainment, Liberty Global, and others matching the query. This was the first of two rounds totaling $1.75 billion, with a second $750 million private equity round in March 2020. The company aimed to launch a mobile streaming service with short-form 'quick bites' content for smartphones, planning to hire up to 300 employees and produce original programming from major studios. Quibi launched in April 2020 amid the pandemic but struggled with subscriber acquisition in a saturated market, shutting down in December 2020 after failing projections. |
Who has invested in Quibi?
14 investors have backed Quibi across its funding rounds, including Alibaba Group, Pegasus Tech Ventures, WndrCo, Greenspring Associates, Liberty Global and Madrone Capital Partners.
Lead investors include Madrone Capital Partners.
Quibi Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Aug 2018 | ||
| 1 | Participant | Aug 2018 | ||
| 1 | Participant | Aug 2018 | ||
| 1 | Participant | Aug 2018 | ||
| 1 | Participant | Mar 2020 | ||
| 1 | Participant | Aug 2018 | ||
| 1 | Participant | Aug 2018 | ||
| 1 | Participant | Aug 2018 | ||
| 1 | Participant | Aug 2018 | ||
| 1 | Participant | Aug 2018 | ||
| 1 | Participant | Mar 2020 | ||
| 1 | Participant | Aug 2018 | ||
This data is available for Pro users. Sign up to see all 14 Quibi investors. Start Free Trial | ||||
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Start Free TrialQuibi Competitors
Quibi competitors include listed companies like Saregama India and MNC Digital Entertainment, and private ones like Spotter, Create Music Group, Minute Media and Pocket FM.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2B | - | ||
| Private | - | - | $2.2B | - | ||
| Private | $300M | - | $1B | 3.3x | ||
| Publicly listed | $100M | $36M | $979M | 8.6x | ||
| Private | $150M | - | $750M | 5.0x | ||
| Publicly listed | $216M | $73M | $1B | - |
Quibi Public Comps
Quibi is still privately-owned, but its public comps include Vivendi, Emtek, Visual China Group, Alibaba Pictures Group, Groupe M6, MBC Group, Skyworth Digital, TF1, Alpha and Xinhua Winshare.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $354M | $161M | 8.9x | 8.7x | 19.6x | (216.0x) | |||
| $1.1B | $543M | 1.2x | 1.2x | 2.4x | 13.4x | |||
| $116M | $21M | 13.9x | 14.6x | 75.6x | 38.9x | |||
| $1.2B | $133M | 0.7x | 0.7x | 6.2x | 6.0x | |||
| $1.4B | $337M | 1.2x | 1.2x | 5.3x | 6.3x | |||
| $1.4B | $136M | 1.0x | 1.0x | 10.3x | 17.4x | |||
| $1.3B | $37M | 1.4x | - | 47.5x | - | |||
| $2.6B | $757M | 0.5x | 0.5x | 1.6x | 2.1x | |||
This data is available for Pro users. Sign up to see all Quibi competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Quibi
| When was Quibi founded? | Quibi was founded in 2018. |
| Where is Quibi headquartered? | Quibi is headquartered in United States. |
| Is Quibi publicly listed? | No, Quibi is a private, VC-backed company. |
| What is Quibi's valuation? | Quibi was last valued at $1.8B in its undisclosed-stage round in March 2020. |
| How much funding has Quibi raised? | Quibi has raised $1.8B across 2 funding rounds. |
| What was Quibi's last funding round? | Quibi's last funding round was a $750M undisclosed-stage round in March 2020. |
| Who are Quibi's investors? | Quibi's investors include Alibaba Group, Entertainment One, Greenspring Associates, Disney, WndrCo, WarnerMedia, 21st Century Fox, Liberty Global, MGM Studios, Sony Pictures Entertainment and 4 others. |
| Which companies are comparable to Quibi? | Companies comparable to Quibi include Spotter, Create Music Group, Minute Media, Saregama India, Pocket FM and MNC Digital Entertainment. |
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