05-03-2020 00:57 via theverge.com

Quibi has raised close to $2 billion, and it hasn’t even launched yet

Photo illustration by William Joel / The Verge | Photo by Vjeran Pavic / The Verge Video streaming service Quibi, which will debut next month, has raised another $750 million in funding, according to the Wall Street Journal. That brings the total investment in an app hardly anyone’s seen to $1.75 billion.The company didn’t name the recent investors. And $400 million of that $750 million was raised at the end of 2019, the Journal reports. It’s a sign that investors are feeling
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