WndrCo, a Los Angeles and San Francisco-based holding company that invests in, acquires, develops and operates consumer technology businesses for the long term, closed an initial funding round raising $1 billion.
This initial raise included 21st Century Fox, Disney, Entertainment One, ITV, Lionsgate, Metro Goldwyn Mayer, NBCUniversal, Sony Pictures Entertainment, Viacom, and Warner Media, Alibaba, The Goldman Sachs Group, Inc., JPMorgan Chase & Co., Liberty Global, and Madrone Capital, who led the round.
The company is using the funds to launch “NewTV”, the working title of a mobile-first media platform incubated at WndrCo. Led by Meg Whitman and Jeffrey Katzenberg, NewTV plans to bring together the best of Silicon Valley and Hollywood to create the first entertainment platform built for on-the-go mobile viewing.
Founded by media and technology veterans Ann Daly, Sujay Jaswa, and Jeffrey Katzenberg, WndrCo leverages its expertise and relationships to allow companies to recruit talent, expand operations, and grow revenue.
NewTV is headquartered in Los Angeles.