# PlanetOut

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

- Industry: Internet
- Headquarters: Los Angeles, US
- Website: www.planetout.com
- Total disclosed funding: $13M
- Latest round: Series C (Sep 21, 2000)
- Investors on record: 6

## About

PlanetOut is a digital media company focused on creating and distributing LGBTQ+ content, providing a platform that connects diverse communities through entertainment and engagement.PlanetOut, founded in 2000 in Los Angeles, US, operates as a digital media company that specializes in LGBTQ+ content. In 2004, the company raised USD 26.20 mn in its latest funding round, which was led by investors including Allen & Company, Cascade Investment, PAR Capital Management, and SF Capital Group. PlanetOut has completed a total of 4 deals, with its most recent deal occurring on October 14, 2004. The company went public in October 2004, raising USD 41.85 mn through the sale of 4.65 million shares at USD 9 per share. The founder's history and further details about subsidiaries are not disclosed.PlanetOut operates a streaming platform that focuses on LGBTQ+ content, offering a wide selection of movies and series tailored to the interests of the LGBTQ+ community. Its services include on-demand access to original programming, exclusive films, and curated collections that highlight the diverse experiences of LGBTQ+ individuals. The company primarily serves customers in the United States, with additional outreach to territories such as American Samoa, Guam, Puerto Rico, and the U.S. Virgin Islands.In 2008, PlanetOut reported a revenue of USD 19.82 mn, with an EBITDA of USD -4.22 mn for the same year.PlanetOut plans to introduce new products designed with a focus on expanding its LGBTQ+ content library, although specific release dates have not been disclosed. The company is targeting expansion into new markets, specifically looking to enhance its reach within the United States and international territories by the end of 2024. The recent funding of USD 26.20 mn will be utilized to support these initiatives, reinforcing its commitment to catering to the LGBTQ+ community's media needs.

## Funding rounds

- Series C, Sep 21, 2000, $10M — Mayfield Fund, EDventure Holdings, Creative Artists Agency, LLC, AOL Inc., BMG Entertainment
- Series A, Sep 5, 1996, $3M — Hong Shan, AOL Inc.

## Investors

- Hong Shan — Series A
- AOL Inc. — Series A, Series C
- Mayfield Fund (https://capitalatlas.ai/funds/mayfield-fund) — Series C
- EDventure Holdings (https://capitalatlas.ai/funds/edventure-holdings) — Series C
- Creative Artists Agency, LLC — Series C
- BMG Entertainment — Series C