CuriosityStream raises $140MN to fund global growth | Media Investment | Business
By continuing to use this site you consent to the use of cookies on your device as described in our privacy policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them. [Close]
In what will boost its next phase of growth, CuriosityStream, the factual streaming service launched by Discovery Channel founder John Hendricks, has gained a new $140 million line of funding.

CuriosityStream 13Feb2019The channel aims to satisfy viewers that may be hungry for high-quality documentaries and series across a spectrum of the factual genre, ones that it says are increasingly harder to find on traditional networks. These encompass science, nature, history, technology, society, and lifestyle. CuriosityStream features award-winning exclusive original programming as well as titles from global filmmakers. The service is available without commercials on Roku, Apple TV, Xbox One, Amazon Fire TV and Sprint and Google Chromecast, iOS and Android, as well as Amazon Prime Video Channels, YouTube TV, Sling TV, DISH, VRV, Comcast Xfinity on Demand, Cox, Layer3 TV, Sony, LG, Samsung and VIZIO smart TVs.

At the end of 2018, the company reached the landmark milestone of a million paying subscribers and saw its content library grow to more than 2,000 titles. By the end of 2019, CuriosityStream anticipates that viewers will be able to choose from over 3,000 titles including more exclusive originals available in 4K/Ultra HD.

CuriosityStream says that it will use the proceeds of the offering, in addition to its other revenue sources, to boost spending on factual programming, drive technological advancement in content discovery, and market the service globally. In the round, Stifel Investment Banking acted as sole placement agent while new investors include Blum Capital Ventures and TimesSquare Capital Management.

“This is an important step in a significant effort to connect CuriosityStream with viewers around the world,” said company CEO and president Clint Stinchcomb. “Hundreds of millions of people globally are migrating to on-demand television and entertainment. We are in the middle of a seismic shift in consumer behaviour, and this funding will accelerate the dynamic growth we achieved in the last twelve months.”