Fox and Sky invest in fuboTV

US football streaming platform fuboTV has raised $15m (€13.4m) in a Series B funding round led by investments from European pay-television broadcast group Sky and US media company 21st Century Fox.

Sky confirmed an investment of $6m in fuboTV, but the details of Fox’s investment were not disclosed. Both Sky and Fox will now take board positions at fuboTV.

FuboTV said that it intends to use the funds to expand its sports-dedicated streaming video service and develop new features in order to increase its subscriber base.

Launched in January last year, fuboTV is an over-the-top streaming service that offers fans around the world access to live coverage of various football matches and tournaments.

Subscribers have access to top-tier football competitions such as the Spanish Liga and France’s Ligue 1, while the platform also has partnerships in place with clubs such as Everton of the English Premier League and Borussia Dortmund of the German Bundesliga.

David Gandler, chief executive of fuboTV, said: “The support from two of the most prominent media companies in the world strongly positions fuboTV to meet the demands of the quickly evolving sports rights ecosystem.”

Ravi Ahuja, executive vice-president, business operations and development for 21st Century Fox operating unit Fox Networks Group, added: “Ultimately, we believe streaming services like fuboTV will drive further innovation and be a win-win for consumers and programmers.”