Quibi Valuation, Funding & Investors

Quibi is valued at $1.8B as of March 2020.

See full Quibi profile

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

Quibi Overview

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

United StatesUnited States

Website

quibi.com

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

Quibi valuation by funding round
DateStageValuation
Mar 2020Undisclosed 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

Quibi funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2020Undisclosed stageWndrCo; Alibaba Group; Pegasus Tech Ventures$750M$1.8BQuibi 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 2018Undisclosed stageMadrone 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

Investors in Quibi by funding rounds participated
InvestorHQRoundsRoleFirst check
Alibaba GroupChinaHangzhou2ParticipantAug 2018
Entertainment OneCanadaToronto1ParticipantAug 2018
Greenspring AssociatesUnited StatesBaltimore, MD1ParticipantAug 2018
DisneyUnited StatesLos Angeles, CA1ParticipantAug 2018
WndrCoUnited StatesLos Angeles, CA1ParticipantMar 2020
WarnerMediaUnited StatesNew York City, NY1ParticipantAug 2018
21st Century FoxUnited StatesLos Angeles, CA1ParticipantAug 2018
Liberty GlobalUnited KingdomLondon1ParticipantAug 2018
MGM StudiosUnited StatesLos Angeles, CA1ParticipantAug 2018
Sony Pictures EntertainmentUnited StatesLos Angeles, CA1ParticipantAug 2018
Pegasus Tech VenturesUnited StatesSan Jose, CA1ParticipantMar 2020
Paramount SkydanceUnited StatesNew York City, NY1ParticipantAug 2018

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Quibi 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.

Public and private companies comparable to Quibi
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SpotterUnited StatesLos Angeles, CAPrivate--$2B-
Create Music GroupUnited StatesLos Angeles, CAPrivate--$2.2B-
Minute MediaUnited KingdomLondonPrivate$300M-$1B3.3x
Saregama IndiaIndiaIndiaPublicly listed$100M$36M$979M8.6x
Pocket FMIndiaIndiaPrivate$150M-$750M5.0x
MNC Digital EntertainmentIndonesiaIndonesiaPublicly 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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Vivendi$354M$161M8.9x8.7x19.6x(216.0x)
Emtek$1.1B$543M1.2x1.2x2.4x13.4x
Visual China Group$116M$21M13.9x14.6x75.6x38.9x
Alibaba Pictures Group$1.2B$133M0.7x0.7x6.2x6.0x
Groupe M6$1.4B$337M1.2x1.2x5.3x6.3x
MBC Group$1.4B$136M1.0x1.0x10.3x17.4x
Skyworth Digital$1.3B$37M1.4x-47.5x-
TF1$2.6B$757M0.5x0.5x1.6x2.1x

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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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