Three Weeks After Launch, Vessel Gets Another $57.5 Million In Funding Led By IVP

TechCrunch

Former Hulu CEO Jason Kilar has an ambitious plan for transforming the way we think about online video. His new startup Vessel is taking some of the same basic concepts that were successful in getting people to pay to watch streaming versions of their favorite TV shows on Hulu and applying it to YouTube videos.

But hey, reinventing the digital video space isn’t cheap! There are all sorts of infrastructure costs, as well as all the serious sales and marketing that goes with trying to get people to pay for early access to videos they could otherwise get for free. And let’s not forget the costs that come with convincing creators to distribute videos on Vessel.

To help fund the expansion of its engineering team while also enabling it to acquire new content, Vessel has raised new funding from Institutional Venture Partners. The round was led by IVP general…

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