Jason Kilar, the former CEO of Hulu, has raised $75 million in funding for his next venture called Vessel, according to Re/Code. Investors include Benchmark Capital, Greylock Partners, and Bezos Expeditions. Vessel is rumored to be focused on “next generation video” and may be like a digital flipbook like Flipboard, but with ad-supported video. Vessel will rely on subscriptions.
Here is what Kilar wrote in a blog post:
Hello from Vessel
We?ve been busy building a service whose mission is to delight consumers and content creators alike. Though we still have more work to do at Vessel, we want to share this brief update and reach out to the creator community. If you are a content creator, particularly a video content creator, we should talk!
We have assembled a unique and talented team, with strong experience building and innovating at places like Hulu, Netflix and Amazon. As a team, we are unusually passionate about the intersection of media and technology; we see an opportunity to improve media, particularly next generation video.
Our investors, led by Benchmark, Greylock Partners, and Bezos Expeditions (the personal investment company of Jeff Bezos) are world class and gifted builders. To have such an amazing group put their faith in us is energizing and humbling.
We?ll have much more to share prior to the end of the year. But for now, it?s back to work for us!