NextUp, the stand-up comedy SVoD service has announced that, due to demand, its latest investment round size has doubled and is currently overfunding at 111 per cent via the online equity investing platform SyndicateRoom.
In addition, NextUp has announced that Bruce Tuchman, the former president of AMC Global and Sundance Channel Global, will serve as a senior advisor. The experienced US media executive, who was also formerly President of MGM Networks Worldwide, has in addition taken an investment position in NextUp.
Tuchman said: “The team at NextUp are experts in their field with huge amounts of collective experience, as well as drive and ambition. I’m looking forward to helping them maximise their distribution channels so they can grow rapidly and dominate the comedy vertical.”
NextUp Managing Director and Co-founder, Daniel Berg added: “We’re very pleased with the success of this latest funding round, which will really help push the business to its next level of growth. We are also delighted to have Bruce on-board. We showcase an unparalleled variety of live comedy shows and with his experience, connections and insight, we can start to distribute them further than ever and grow into the worldwide home of stand-up comedy whilst supporting acts, venues and everyone in-between.”