The digital video bubble isn’t bursting just yet: Vice Media has raised a new funding round of $450m that values the company at $5.7bn.
The latest round comes from a single source, private-equity investor TPG, which you may remember also dived in to Spotify’s $1bn of convertible-debt financing last year.
Vice Media, which now runs its own TV channel and licenses shows to other broadcasters, as well as its various online-video activities, has now raised more than $1.4bn since 2011, with its investors including 21st Century Fox, A+E Networks and Disney from the media industry, as well as TCV and WPP Ventures from the investment world.
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