HQ Trivia raises $15 million to become the next TV
HQ, the live trivia game-show app, tells Axios that it has raised $15 million in new VC funding at a $100 million post-money valuation. Founders Fund led, and was joined by return backer Lightspeed Venture Partners.
Why it matters: Because, on Sunday night, HQ had more than 2.1 million people staring at their phone screens for a solid 15 minutes. It's millennial Jeopardy, but with interactive engagement — and a bet by investors that appointment viewing can be recreated in a mobile world.