Tving Funding, Investors & Competitors

Tving has raised $251M across 3 funding rounds, most recently a $7M Series A in June 2022.

See full Tving profile

Last Tving funding round

$7M

Series A · Jun 2022

Cumulative funding Tving raised

$251M

across 3 funding rounds

Key investors in Tving

Tving Overview

About Tving

TVING is a South Korean subscription video-on-demand service launched in 2020 by a joint venture of CJ ENM and JTBC. It streams Korean dramas, variety shows, movies, and originals like Snowdrop and Imitation, available on web, mobile, smart TVs, and consoles. Headquartered in Seoul, TVING holds over 7 million subscribers and competes with Netflix and Disney+ in the domestic market. The platform features live sports from K League and integrates with cable TV providers.


Founded

2020

HQ

South KoreaSeoul

Website

tving.com

Status

Privately held

Customer focus

B2C

Revenue model

Subscription

Tving Funding History

Tving has raised a total of $251M across 3 funding rounds.

Tving's first fundraising round was a $36M Series B in June 2021. The most recent completed round was a $7M Series A in June 2022.

Tving funding rounds

Tving funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2022Series AParamount Skydance (lead)$7M-
Feb 2022Undisclosed stageJC Partners (lead)$209MTVING, a South Korean video streaming service, raised $208.84M (250 billion KRW) in an unattributed funding round on February 18, 2022, from JC Partners (listed as JCI or JC Partner Co. affiliate). The transaction involved issuing 382,513 new shares to the private equity fund's affiliate. This was TVING's latest round at the time, following a prior corporate minority round on December 8, 2021, bringing total funding to $215.84M over two or three rounds with two investors. TVING's investors total two, with JC Partners as the participant in this round.
Jun 2021Series BNAVER (lead)$36MOn June 30, 2021, NAVER announced it would acquire a 15.4% stake in Tving, the streaming platform owned 83.3% by CJ ENM, by purchasing 261,817 new shares at 152,778 won per share for a total of 40 billion won (approximately $35 million). The investment positioned NAVER as the second-largest shareholder in the company. The capital increase was designated to fund original content production as Tving aimed to create 100 programs and achieve 8 million paid subscribers by 2023. NAVER and CJ ENM announced plans to cooperate in expanding Tving's overseas reach, building on their existing partnership that began in October 2020 when NAVER acquired a 5% stake in CJ ENM and NAVER Plus users gained access to Tving.

Who has invested in Tving?

3 investors have backed Tving across its funding rounds, including NAVER, Paramount Skydance and JC Partners.

Lead investors include Paramount Skydance, JC Partners and NAVER.


Tving Investors

Investors in Tving by funding rounds participated
InvestorHQRoundsRoleFirst check
JC PartnersSouth KoreaSeoul1LeadFeb 2022

This data is available for Pro users. Sign up to see all 3 Tving investors.

Start Free Trial

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 Trial

Tving Competitors

Tving competitors include listed companies like Comcast and Saregama India, and private ones like Epic Games, Labs, Kakao Entertainment and Icon Health Fitness.

Public and private companies comparable to Tving
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ComcastUnited StatesUnited StatesPublicly listed$124B$46B$81B1.4x
Epic GamesUnited StatesRaleigh, NCPrivate$5.7B-$23B3.9x
LabsUnited StatesLos Angeles, CAPrivate--$10B-
Kakao EntertainmentSouth KoreaSeongnamPrivate$1.2B-$7B5.8x
Icon Health FitnessUnited StatesLogan, UTPrivate$1B-$7B7.0x
Saregama IndiaIndiaIndiaPublicly listed$100M$36M$979M8.6x

Tving Public Comps

Tving is still privately-owned, but its public comps include Alphabet, Amazon, Netflix, Disney, Spotify, Comcast, NetEase, Warner Bros. Discovery, Baidu and EchoStar.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Alphabet$403B$176B10.2x8.7x23.3x19.0x
Amazon$717B$161B3.9x3.5x17.5x13.8x
Netflix$45B$30B7.1x6.4x10.6x19.8x
Disney$94B$19B2.4x2.3x12.3x10.3x
Spotify$20B$2.4B5.0x4.5x40.5x29.9x
Comcast$124B$46B1.3x1.4x3.5x4.8x
NetEase$17B$5.8B3.1x3.0x8.9x7.7x
Warner Bros. Discovery$37B$21B2.7x2.8x4.8x12.0x

This data is available for Pro users. Sign up to see all Tving competitors and their valuation data.

Start Free Trial

Common questions about Tving

When was Tving founded?Tving was founded in 2020.
Where is Tving headquartered?Tving is headquartered in Seoul, South Korea.
Is Tving publicly listed?No, Tving is a private, VC-backed company.
How much funding has Tving raised?Tving has raised $251M across 3 funding rounds.
What was Tving's last funding round?Tving's last funding round was a $7M Series A in June 2022, led by Paramount Skydance.
Who are Tving's investors?Tving's investors include JC Partners, NAVER and Paramount Skydance.
Which companies are comparable to Tving?Companies comparable to Tving include Comcast, Epic Games, Labs, Kakao Entertainment, Icon Health Fitness and Saregama India.

See companies similar to Tving

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial