About Octopus TV
Octopus TV is a Media & Entertainment company based in Qingdao (China) founded in 2013, and was acquired by LeSports in January 2016. User-generated sporting events are broadcast via cloud-based P2P platform. Octopus TV has raised $10 million across 2 funding rounds from investors including Morningside China, IDG Capital and LeSports. Its focus areas include OTT Video, OTT Streaming Platforms, User Generated Content (UGC) and Sports.
Company details
Octopus TV was established in 2013 in Qingdao, China, as a provider of cloud-based video content management and delivery solutions. Operations center on an online platform for user-generated broadcasts of sporting events, where video acceleration is achieved through a web peer-to-peer system. Services include content upload, management, and streaming, targeting the digital media and sports broadcasting sectors with a focus on efficient online viewing experiences.
- Headquarters Qingdao, China
- Stage Acquired
- SectorsMedia & Entertainment
- Website zhangyu.tv
- Acquired by LeSports (Jan 2016)
- Total Equity Funding$10M (USD)
in 2 rounds
- Latest Funding Round$10M (USD), Series B
Dec 2014
- InvestorsMorningside China
& 2 more
- Acquired byLeSports
(Jan 2016)
Funding Insights of Octopus TV
Octopus TV has successfully raised a total of $10M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in December 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $10M
- Total Rounds 2
- Last Round Series B — $10M
- Investors Count 2
All 2 funding rounds of Octopus TV with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2014 | $10M | Series B | – | – | |
| Sep 2013 | Series A | – | – |
3 investors in total: 3 institutional.
Investors in Octopus TV
Octopus TV has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Morningside China, IDG Capital and LeSports.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm | idgcapital.com | New York, United States | ||
VC and private equity investments are made in China-US companies. | morningside.com.cn | Shanghai, China | ||
Operates an online platform for streaming sports videos to global audiences. | 2014 | lesports.com | Beijing, China |
Investor details for Octopus TV
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Octopus TV
4 dated milestones of Octopus TV across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Octopus TV is founded.
- Funding First funding round.
- Funding Latest funding round, Series B, of $10.0M.
- Exit Acquired by LeSports.
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Frequently Asked Questions about Octopus TV
Octopus TV was founded in 2013.
Octopus TV is headquartered in Qingdao, China. It is registered at Qingdao, Shandong, China.
Octopus TV is a funded company, having raised a total of $10M across 2 funding rounds to date.
Octopus TV was established in 2013 in Qingdao, China, as a provider of cloud-based video content management and delivery solutions. Operations center on an online platform for user-generated broadcasts of sporting events, where video acceleration is achieved through a web peer-to-peer system. Services include content upload, management, and streaming, targeting the digital media and sports broadcasting sectors with a focus on efficient online viewing experiences.
Octopus TV has 3 investors. Key investors include Morningside China, IDG Capital, and LeSports.
Yes. Octopus TV was acquired by LeSports in January 2016.