London, UK – NextUp, a start-up video streaming service for stand-up comedy, has announced today that it will be opening a new investment round. At www.nextupcomedy.com, visitors can register their interest in investing, as well as subscribe to NextUp’s on-demand comedy streaming service.
Founded in 2016 by Stuart Snaith, the former Director of Comedy for BBC Worldwide, and the team from the YouTube channel ComComedy, NextUp is on a mission to bring comedy to the masses, anytime, anywhere. Offering more than 130 shows from stand-up names old and new, the streaming platform operates on a subscription basis of £4.99 per month, with a week’s free trial. It is available on all major platforms, including Apple TV, web, Android, iOS, and Chromecast.
NextUp’s existing investors Velocity Technology EIS Fund will lead this new financing round, hoping to build on the successes of their last investment round. Since NextUp’s previous round of investment in 2018, the value of the company has increased by 175%.
The market for video subscription services has a global value of £19b, and there has been a recent rise in the demand for genre-specific streaming services. As the only platform dedicated to stand-up comedy shows, start-up company NextUp are already the market leaders in their field and have demonstrated their commitment to growth: they have just announced that they will be doubling the output of content to two shows per week.
Investment in NextUp is not only the opportunity to back a fast-growing and successful business, but also to invest in a company that promotes positive change in their industry. NextUp is driven in their support of the comedy industry and have recently launched the Grapevine Bursary to promote greater diversity in comedy. They offer rehearsal spaces free of charge to comedians who are just starting out, and they have also supported the placement of comedians in care homes for dementia throughout the UK through the Care Home Tour initiative.
With optimum market conditions for the continual growth of the business, this is an exciting time to invest in start-up comedy streaming service NextUp. This investment opportunity is open to all: from those with extensive experience in start-up investment to first-time investors.
For further information on NextUp and the opportunity for investment in a start-up business, visit nextupcomedy.com/invest, where individuals can also officially register their interest.