# MobiTV

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mobitv

- Industry: Media
- Headquarters: Emeryville, US
- Website: www.mobitv.com
- Total disclosed funding: $129M
- Latest round: Series B (Jun 11, 2019)
- Investors on record: 8

## About

Based in California, US and founded in 1999, MobiTV, Inc. f.k.a Idetic, Inc. provides cloud-enabled, customizable, end-to-end streaming video solutions to enable operators to launch fully compliant, branded and featured pay-TV service in 90 days leveraging devices, such as Roku, Amazon Fire TV, Android TV and Apple TV. In June 2019, the company raised USD 50 million in venture funding led by Cedar Grove Investments, with participation from Ally Financial Inc. and Oak Investment Partners. In March 2021, MobiTV, Inc. filed for chapter 11 bankruptcy protection. 

MobiTV offers Managed Service and In-Network Service. Managed service of the company is a fully hosted solution enabling operators to run their TV business on an op-ex cost model with their own unique content lineup (including locals), billing, branding, content policies, authentication and in-home compliance. In-Network service of the company allows users to upgrade their user experience along with leveraging existing lower costs and CAPEX.

The company generates revenue through the Subscription as a service (SaaS) model where the user pays a setup fee and per user per month license fee.

## Funding rounds

- Series B, Jun 11, 2019, $14M — Oak Investment Partners, Cedar Grove Investments, Ally Financial Inc.
- Series C, Oct 20, 2006, $30M — Menlo Ventures, Oak Investment Partners, Redpoint Ventures, Hearst Ventures, Adobe Ventures, Gefinor Capital
- Series C, Oct 17, 2006, $70M — Menlo Ventures, Oak Investment Partners, Redpoint Ventures
- Series B, Aug 11, 2004, $15M — Menlo Ventures, Redpoint Ventures, Gefinor Capital

## Investors

- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series B, Series C
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series B, Series C
- Gefinor Capital (https://capitalatlas.ai/funds/gefinor-capital) — Series B, Series C
- Oak Investment Partners (https://capitalatlas.ai/funds/oak-investment-partners) — Series C, Series B
- Hearst Ventures (https://capitalatlas.ai/funds/hearst-ventures) — Series C
- Adobe Ventures (https://capitalatlas.ai/funds/adobe-ventures) — Series C
- Cedar Grove Investments (https://capitalatlas.ai/funds/cedar-grove-investments) — Series B
- Ally Financial Inc. — Series B