Pluto TV, a Los Angeles, CA-based free Internet television service in America, raised $.8.3m in funding.
Samsung Venture Investment Corporation, the venture capital arm of the Samsung Group, led the round with an investment of $5m. Other investors participated committing the remaining part.
The funding will be used to further expand Pluto TV’s product, content and marketing efforts.
Led by Tom Ryan, CEO, Pluto TV is an OTT television service in America, which carries and programs more than 100 live channels and thousands of on demand movies in partnership with major TV networks, movie studios, publishers, and digital media companies. Millions of viewers each month watch premium news, TV shows, movies, sports, live events, cartoons, and trending digital series. The app is available on mobile, web, and living room devices, including Samsung Smart TVs, Roku, Apple TV, Android TV, PlayStation, Xbox, and more.
Pluto TV has 40 content partnership deals with Warner Bros, Lionsgate, Metro-Goldwyn-Mayer (MGM), Bloomberg, Al Jazeera English, Cheddar, Gravitas Ventures, Asylum, Viz Media, Electronic Music Awards, Big Sky Conference, Stadium, Jukin Media, and JASH, among others.
Headquartered in Los Angeles, with offices in Berlin, New York City, and Silicon Valley, the company is backed by USVP, ProSiebenSat.1 Media, Scripps Networks Interactive, Sky, United Talent Agency, Luminari Capital, Chicago Ventures, Pritzker Group and others.