Pluto TV has raised $43.5M in total across 3 funding rounds.
Pluto TV's investors include Barrel Ventures, Chicago Ventures, FJ Labs, Montage Ventures, Jeff Richards, U.S. Venture Partners, Workday, ACME Capital, Anti fund, Bond, Dreamers VC, Forward Deployed VC.
Pluto TV is a free ad-supported streaming television service that offers hundreds of live linear channels and thousands of on-demand titles, delivering a broadcast-style viewing experience without subscription fees or passwords. Owned by Paramount Skydance, Pluto TV serves a global audience across the Americas and Europe, targeting viewers who seek diverse, easily accessible entertainment across genres such as movies, sports, news, and lifestyle[1][3][7]. The platform solves the problem of expensive, subscription-based streaming by providing free, curated content supported by video advertisements, enabling broad access and convenience[1][3].
Founded in 2013 by Tom Ryan, Ilya Pozin, and Nick Grouf in Los Angeles, Pluto TV began as a service aggregating online content into categorized channels, evolving into a major player in the free ad-supported streaming TV (FAST) market. Early traction came from its unique approach to emulate traditional TV programming digitally, which attracted millions of users and led to its acquisition by ViacomCBS (now Paramount) and expansion into multiple international markets[1][6]. The company has shown strong growth momentum, reaching nearly 50 million global viewers and generating over $100 million in annual revenue by 2025[2][3].
Pluto TV rides the rising trend of FAST services, which capitalize on consumer demand for free, easy-to-access streaming alternatives amid the crowded subscription market. The timing is favorable due to increasing cord-cutting, advertiser interest in digital video, and global internet penetration. Pluto TV influences the ecosystem by demonstrating a scalable, ad-supported model that blends traditional TV viewing habits with modern streaming technology, pushing competitors and content providers to innovate in free streaming[1][6]. Its growth also reflects the shift toward diversified content delivery platforms and the importance of user-friendly interfaces in capturing and retaining viewers.
Looking ahead, Pluto TV is poised to deepen its international footprint and expand content offerings, especially leveraging Paramount’s global rights and partnerships. Trends such as increased ad-supported streaming adoption, personalized content curation, and integration of interactive features will likely shape its evolution. Pluto TV’s influence may grow as it continues to redefine free streaming TV, balancing user experience with advertiser value, and potentially pioneering new entertainment formats that blend linear and on-demand viewing seamlessly[5][6]. Its mission to "entertain the planet" suggests ongoing innovation aimed at making streaming universally accessible and engaging.
Pluto TV has raised $43.5M across 3 funding rounds. Most recently, it raised $30.0M Series B in October 2016.
