Growing streamer and distributor Badly have issued a response to counter -their ties to SequoiaA Silicon Valley-based venture capital company.
Sequoia, as recently gave Mubi a funding round of $ 100 millionhad also made an investment of $ 10 million in The defense company Kelawhich was founded by four Israeli intelligence veterans in July 2024. A funding round that was facilitated by Sequoia also led to another $ 60 million in May, and Kela now has a total investment of $ 100 million.
The relapse of this investment was driven on social media of an X -post from users @atlajala, who wrote “Time to add @mubi to BDS (boycott, divestment and sanctions), they are now financed to a melody of 100 million by Zionist venture capitalists Sequoia Capital, actively involved in military support for the genocide, and some of the investors themselves are settlers on occupied Palestinian.” Film workers for Palestine also responded in a social media postTo say that it was “frightened” and demanded that the investment be returned.
June 14, Mubi published on Instagram Defend the partnership with 50-year-old Sequoia, who has also invested in companies such as Apple, Google and Nvidia, and in a statement it noted that Sequoia was just one of many sources it has used for capital. Miubi was recently valued at $ 1 billion.
“In recent days, some members of our society have commented on the decision to work with Sequoia in view of their investments in Israeli companies and the personal views expressed by one of their partners,” the post is partly read. “The faith of individual investors does not reflect Mubi’s views.”
Mubi has existed – First under the name of author in Turkey – Since 2007, mostly as a niche flow service. 2014, Founder/CEO Efe Cakarel explained The company’s arthouse vibe.
“If Michael Bay had one film He wanted to show Mubi? The answer is no. That’s when you start losing the brand, ” Cakacalel of Streen Streen Daly. “That’s when the Coen brothers and Paul Thomas Anderson leave Mubi.” Transformers 4 “Be a bad movie. We say it loudly and clearly.”
Bent by the success of Last year’s “The Substance” The company has become an unexpected large player at the cashier and under the award. In May, Mubi attended a buying spree at the Cannes Film Festival and picked up – among other films – “Die My Love” with Jennifer Lawrence for a hefty $ 24 million Price tag.
Mubi has streamed Palestinian films, films made by Palestinian filmmakers and features of Gaza on his platform.
Read the full statement from Mubi below:
Since its founding, Mubi has raised money from a number of sources to help us grow. Our decision to work with external investors has always served a purpose: to accelerate our mission to deliver bold and visionary films to global audiences. These were the reasons behind our latest partnership with Venture Firm Sequoia Capital.
Sequoia has a 50-year history of collaboration with founders to help transform their ideas into world-changing companies. Sequoia’s investments extend over a number of founders, industries and geographies. We chose to work with Sequoia because the company and our Sequoia partner Andrew Reed, support Mubi’s assignments and want to help us scale and get a big movie to even more people around the world.
In recent days, some members of our society have commented on the decision to work with Sequoia in view of their investment in Israeli companies and the personal views expressed by one of their partners. Individual investors’ beliefs do not reflect Mubi’s views.
We take the feedback from our society very seriously and are standing in remaining an independent basic management company.
