# Netflix

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

- Industry: Media
- Headquarters: Los Gatos, US
- Website: www.netflix.com
- Total disclosed funding: $112M
- Latest round: Series E (Apr 17, 2000)
- Investors on record: 6

## About

Netflix, Inc. is a prominent subscription-based streaming service that provides a wide array of movies, TV shows, documentaries, and original productions, catering to a global audience across various devices.Founded in 1997 in Los Gatos, California, Netflix started as a DVD rental service before pivoting to streaming in 2007. The founders include Greg Burrell, Neda Ghafourian, Rahat Rayan, Tasha Blank, Terrence Smith, with Reed Hastings as a key figure in its leadership. Netflix has raised a total of USD 400.00 mn, with its most recent funding round being a PIPE on May 23, 2002, involving investors such as T. Rowe Price and TCV. The company has completed 11 deals throughout its history.Netflix offers a subscription-based streaming service with a diverse library that includes movies, TV shows, documentaries, and exclusive original content. Subscribers can access the platform on various devices, including Smart TVs, tablets, and smartphones, fulfilling the demand for on-demand entertainment. The service spans over 190 countries, featuring personalized recommendations and a dedicated kids' section, appealing to a broad audience across different demographics.In the fiscal year 2024, Netflix reported a revenue of USD 39,000.97 mn and an EBITDA of USD 26,048.05 mn. The company generates income primarily through its subscription model, which includes multiple pricing tiers, such as an ad-supported plan starting at USD 7.99, providing both ad-free and ad-supported viewing experiences for its subscribers.Netflix's strategy for future growth includes the launch of new original content and expansion into emerging markets. Recent funding will support these initiatives, particularly as the company seeks to diversify its offerings. The funds raised in 2002 are pivotal for sustaining innovation and enhancing its global footprint.

## Funding rounds

- Series E, Apr 17, 2000, $50M — Institutional Venture Partners, TCV, Foundation Capital, Aglae Ventures
- Series D, Jun 30, 1999, $39M — TCV, Foundation Capital, Aglae Ventures
- Series C, Feb 17, 1999, $15M — Institutional Venture Partners, TCV, Foundation Capital, WS Investments, Comdisco Ventures
- Series B, Jun 12, 1998, $6M — Institutional Venture Partners, WS Investments
- Series A, Oct 17, 1997, $2M — WS Investments

## Investors

- WS Investments (https://capitalatlas.ai/funds/ws-investments) — Series A, Series B, Series C
- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series B, Series C, Series E
- TCV (https://capitalatlas.ai/funds/tcv) — Series C, Series D, Series E
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series C, Series D, Series E
- Comdisco Ventures (https://capitalatlas.ai/funds/comdisco-ventures) — Series C
- Aglae Ventures (https://capitalatlas.ai/funds/aglae-ventures) — Series D, Series E