Overview

Philo is a streaming service that offers access to over 60 popular TV channels, such as A&E, AMC, Discovery Channel, Comedy Central, Food Network, Hallmark, HGTV, TLC, VH1, and WEtv. Users can subscribe to the service, which includes a 7-day free trial, allowing them to explore the content before committing to a monthly fee. Philo's platform allows for unlimited DVR storage and streaming on multiple devices, making it convenient for viewers to watch their favorite shows anytime and anywhere. Unlike traditional cable subscriptions, Philo focuses on providing a more affordable and flexible TV viewing option. The company's goal is to deliver a cost-effective entertainment solution that meets the needs of consumers looking for alternatives to cable.

Simplify's Take

What believers are saying

• Philo's partnership with Dish Media expands its addressable advertising footprint significantly.
• Availability on Vizio smart TVs aligns with the rise of smart TV adoption.
• Philo's addition of free channels from A&E and Lionsgate attracts cost-conscious users.

What critics are saying

• Increased competition from free ad-supported services like Tubi and Pluto TV.
• Exclusive content deals by competitors could limit Philo's access to popular shows.
• Rising content acquisition costs may impact Philo's competitive pricing and profitability.

What makes Philo unique

• Philo offers over 60 popular TV channels, including A&E, AMC, and Discovery.
• Philo provides unlimited DVR and multi-device streaming for a flexible viewing experience.
• Philo's cost-effective subscription model targets consumers seeking cable alternatives.

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Funding

Total Funding

$158.2M

Below

Industry Average

Funded Over

7 Rounds

Notable Investors:

New Enterprise Associates

Notable Investors:

New Enterprise Associates

$50,000,000

Series D

Aug 2020

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.

Series D Funding Comparison

Below Average

Industry standards

Ind Avg. $77M

$49M

$50M

$50M

$70M

$80M

$100M

View all funding stages