Plex raises $50M growth round to fuel ad-supported streaming, expansions

Streaming media software maker Plex announced today it has raised a $50 million growth equity round from existing investor Intercap ahead of its planned business expansion into rentals, purchases and subscription content. This is the first financing Plex has taken on since 2014 and is being partly used to purchase shares and options from Plex’s … Continue reading Plex raises $50M growth round to fuel ad-supported streaming, expansions