The investment, from Blum Capital Ventures and TimesSquare Capital Management, will be used to finance additional programming and the company’s global growth, among other uses.
“This is an important step in a significant effort to connect CuriosityStream with viewers around the world,” Clint Stinchcomb, the company’s president and CEO said in the release. “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 behavior, and this funding will accelerate the dynamic growth we achieved in the last 12 months.”
At the end of last year, the company reported, they had reached 1 million paying subscribers who had access to more than 2,000 titles.
Last August, the company lowered its annual subscription price to $19.99 and began offering a limited number of documentaries to customers at no charge.
CuriosityStream’s content is available on the web and via 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, and several other platforms and global distributors.
Graphic courtesy CuriosityStream