Sequoia Capital Leads $100M Investment in Mubi, Valuing Indie Streaming Platform at $1B

British independent film streaming service Mubi has secured a $100 million investment led by Sequoia Capital, bringing the company’s valuation to $1 billion. This funding round marks a notable venture capital move into the film industry, traditionally dominated by tech investments.

Strategic Expansion and Global Reach

Founded in 2007, Mubi has evolved from a niche platform into a significant player in the global streaming market. With approximately 20 million users worldwide, the service offers curated selections of international and independent films. The recent funding will support Mubi’s efforts to expand its global distribution network and invest in original film productions.

Notable Achievements and Original Content

Mubi gained considerable attention with the acquisition and distribution of The Substance, a body horror film starring Demi Moore. The film achieved critical acclaim, winning awards such as Best Makeup and Hairstyling at the 97th Academy Awards and Best Actress in a Motion Picture – Musical or Comedy at the Golden Globes. Building on this success, Mubi is set to release its first original film, The Mastermind, a crime drama directed by Kelly Reichardt, later this year.

Investor Confidence in Art House Cinema

Andrew Reed, partner at Sequoia Capital, expressed confidence in Mubi’s potential to resonate with a global audience. “We believe there’s a substantial untapped market for high-quality, independent cinema worldwide,” Reed stated. Sequoia’s investment underscores a growing interest in diverse content offerings beyond mainstream productions.

Company Overview

Mubi operates in over 190 countries, offering a curated selection of films through its streaming platform. The company also engages in film production and distribution, aiming to bring unique cinematic experiences to a global audience. With a team of over 400 employees across 15 countries, Mubi continues to champion independent filmmaking on an international scale.

About Mubi

Mubi is a global streaming service, production company, and film distributor dedicated to showcasing exceptional cinema. Founded in 2007, Mubi offers a curated selection of international films, including arthouse, documentary, and independent productions. The platform is available in over 190 countries, providing audiences with access to a diverse range of cinematic works.