- Companies
- Tving
Tving Funding, Investors & Competitors
Tving has raised $251M across 3 funding rounds, most recently a $7M Series A in June 2022.
Last Tving funding round
$7M
Series A · Jun 2022
Cumulative funding Tving raised
$251M
across 3 funding rounds
Key investors in Tving
NAVER
Paramount Skydance
JC Partners
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2022 | Series A | Paramount Skydance (lead) | $7M | - |
| Feb 2022 | Undisclosed stage | JC Partners (lead) | $209M | TVING, 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 2021 | Series B | NAVER (lead) | $36M | On 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Feb 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 TrialTving Competitors
Tving competitors include listed companies like Comcast and Saregama India, and private ones like Epic Games, Labs, Kakao Entertainment and Icon Health Fitness.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $124B | $46B | $81B | 1.4x | ||
| Private | $5.7B | - | $23B | 3.9x | ||
| Private | - | - | $10B | - | ||
| Private | $1.2B | - | $7B | 5.8x | ||
| Private | $1B | - | $7B | 7.0x | ||
| Publicly listed | $100M | $36M | $979M | 8.6x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $403B | $176B | 10.2x | 8.7x | 23.3x | 19.0x | |||
| $717B | $161B | 3.9x | 3.5x | 17.5x | 13.8x | |||
| $45B | $30B | 7.1x | 6.4x | 10.6x | 19.8x | |||
| $94B | $19B | 2.4x | 2.3x | 12.3x | 10.3x | |||
| $20B | $2.4B | 5.0x | 4.5x | 40.5x | 29.9x | |||
| $124B | $46B | 1.3x | 1.4x | 3.5x | 4.8x | |||
| $17B | $5.8B | 3.1x | 3.0x | 8.9x | 7.7x | |||
| $37B | $21B | 2.7x | 2.8x | 4.8x | 12.0x | |||
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.




