INSUBCONTINENT EXCLUSIVE:
After raising $21 million in 2017 for a late-stage pivot from mobile TV to set-top-box-free IPTV services for the home, MobiTV is announcing
another large growth round
million more to continue building momentum, in part by expanding internationally.MobiTV today has deals in place with 90 cable and other TV
investment from Cedar Grove Partners
For some context, in 2017, its valuation was between $400 million and $500 million, according to figures from PitchBook and also what
sources told us.The set-top box has developed as a cornerstone to how many pay-TV services work today: emerging at a time when TV sets were
ensured that would-be channel owners could only connect with viewers by going through pay TV providers.But fast-forward to today and those
reference customers noted by MobiTV are not the Comcasts of the world, but companies like Citizens Fiber, Windstream and EPB).Set-top boxes
can have technical faults, they are expensive and they go out of date in terms of their functionality
The latter is an important point, because the rise of streaming and over-the-top services have completely transformed how consumers get
the set-top box from day one
While broadcast TV viewing on mobile never became a mass-market phenomenon (people watch on-demand on mobiles, and some might watch
Then the team, led by Nooney, spotted the opportunity to bring the same technology to larger screens.The promise of set-top-box-free pay TV
services gives the operators a wider array of channels and potentially more flexibility in how they are provisioned
