Fubo
“Can a sports-first live-TV streaming service survive consolidation by merging with Hulu + Live TV and monetizing subscribers through bundled payments and digital wallet features?”
Founded2015
HQNew York, NY (Midtown Manhattan)
FoundersDavid Gandler
Total raised$75M+ (pre-IPO VC rounds)
Latest roundSeries D, 2018
IndustryVertical SaaS / Streaming & Live TV
The story
Founded in 2015 as a niche soccer streaming service, Fubo pivoted to an all-sports vMVPD by 2017, competing directly with Sling TV and DirecTV Now. Going public in 2020 via a SPAC-style merger, the company expanded aggressively into sports wagering before shelving those plans. The most significant structural shift came in 2025 with its business combination with Hulu + Live TV, backed by a $145M Disney term loan, repositioning Fubo as a scaled live-TV streaming platform rather than a startup insurgent.
Last 12 months
2025-01
Product timeline
2015
Launched on January 1, 2015 as a soccer-focused streaming service.· pivot
2017
Expanded from soccer-only to an all-sports streaming service and raised $55M Series C.· pivot
2018
Raised $75M Series D led by AMC Networks; transitioned to vMVPD model offering broader channel lineup.· pivot
2020
Went public (NYSE: FUBO) via merger with FaceBank Group; launched gaming/wagering ambitions.· ipo
2024
Settled $3.4M class action over VPPA data privacy violations related to sharing user viewing data with advertisers.· pivot
2025
Business combination with Hulu + Live TV; secured $145M term loan from Disney to refinance 2026 convertible notes.· acquisition
The stack
3 layers disclosed in Fubo’s embedded-finance stack
Payments / PSP
Banking / BaaS
in the full report
Sponsor bank
in the full report
Accounting gap: none
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.