AdRise, the US-based, corporate-backed operator of online streaming platform Tubi TV, has raised $21m in funding from an undisclosed investor, NewsCenter.io has reported.
A regulatory filing made last week reveals AdRise is seeking a final close of $24.2m for the round.
Tubi TV is an online movie streaming platform that relies on monetisation through advertising rather than subscription fees. Viewers can access content through dedicated apps on mobile devices, games consoles, set-top boxes and smart TVs.
The platform offers content…