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Quibi raises USD 750 mln more ahead of launch

2020-03-05 12:46:00| Telecompaper Headlines

(Telecompaper) Short-form video service Quibi has raised USD 750 million in second-round funding, after raising USD 400 in January, Variety reported. The company said the money should take it to the point of profitability. The service, started by Jeffrey Katzenberg and Meg Whitmas, has raised USD 1.75 billion to date. No investor names were disclosed for this round, but the company said they included new and existing investors from "studios, major technology companies, strategic partners and financial investors." 

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