Short-form video streamer Quibi has closed a second round of financing worth $750 million, bringing its total investment to $1.75 billion about a month before the service’s planned launch. The company said the $750 million includes about $400 million secured at the end of 2019. Quibi didn’t identify the recent investors or disclose how the investment values the company.
Source: Streamer Quibi Raises Additional Funds Ahead of Launch