Fireside raises $25M at $138M valuation

 

Mark Cuban's streaming app Fireside raised a $25M Series A, valuing the company at $138M post-money.  In November, the startup acquired open-streaming TV platform Stemium, including its IP and staff, for an undisclosed amount. Fireside is aiming at being platformed on Roku, Apple TV, Fire TV, and smart TVs. The Stremium deal added "more than 100 networks" with 24/7 broadcasting, including English football and eSports content. The startup's new round includes participation from Paris Hilton and Redbeard Ventures, among others.  The company was founded by Mark Cuban, early Yammer employee Mike Ihbe, and former Googler Falon Fatemi.