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MMC Ventures backs online movie company Mubi in $7.5m Series D

13 Mar 2014

news_movieciak.lrgMMC Ventures and White Star Capital are among backers investing $7.5m in online film platform Mubi through a Series D financing round.

Existing angel investors also took part in the round, which comes just two weeks after MUBI announced a tie-up with Samsung to bring curated cinema to its Smart TV sets.

The business currently has seven million registered users, making it the world’s largest social network purely dedicated to films.

Founder and CEO Efe Cakarel said, “It’s been an exciting couple of years for MUBI.

“We are on tens of millions of devices and have hosted 2.1 million film views since launch, so this funding round feels like the natural next step in our growth and development.

“We are delighted with these developments.”

Part of the funding coming from the MMC Ventures’ MMC London Fund, which seeks to provide funding for early stage, fast-growing businesses in London.

Existing angel investors Martin Varsavsky, and Simon Patterson and Joe Osnoss of Silver Lake Partners are joined by film producer Eric Fellner.

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