Narya and Peter Thiel Lead Investment in Rumble
Funds to be used to launch new cloud services and expand the existing video platform as Rumble
addresses market demand for new alternatives to incumbent platforms
TORONTO, May 19, 2021 – Rumble, a video platform focused on helping millions of creators manage,
distribute, and monetize their video content, welcomed the investment of Narya Capital, Peter Thiel and
“We couldn’t be more excited to welcome aboard investors that are aligned with our long-term vision.
This investment is evidence that the market really desires competition and freedom of choice. These
funds will help us launch our new cloud services, enhance our video platform, and help create the rails
for a new economy that is desperately needed” said Rumble CEO Chris Pavlovski.
In the past year, Rumble’s monthly viewership has grown from 1.6 million users per month to an
average of 31 million per month in the first quarter of 2021 – an increase of more than 1,800%. This
growth reflects the increasingly strong market recognition by both users and creators of Rumble’s
differentiated value proposition. The investment will add considerable strength to Rumble’s ability to
build upon this success.
Rumble was built on the belief that small creators should be given equal opportunity to freely express
themselves, reach their followers, and be provided the same access to tools that are available to larger
creators. This investment will allow Rumble to continue to fulfill its mission while providing the platform
with more opportunities to build out its infrastructure and launch new cloud services where businesses
can feel safe and secure.
The investment is being led by Narya, a Cincinnati-based venture capital firm co-founded by J.D. Vance
and Colin Greenspon that seeks to invest long-term capital in technology that solves significant
Narya is joined in this investment by Peter Thiel, famed entrepreneur and venture capitalist who has a
long and storied track record of investing in frontier technology companies, including PayPal, Facebook,
Palantir Technologies, Compass Pathways, and many other ventures.
Ethan Fallang of Narya will join Rumble’s board. “At Narya, we support founders who combine technical
and business model innovation to address large and underserved markets. We believe Chris and the
entire Rumble team have built an excellent platform and are thrilled to be part of their ongoing success
as they continue to scale”, said Fallang.
Guggenheim Securities acted as the exclusive financial advisor and Willkie Farr & Gallagher LLP acted as
legal counsel to Rumble in connection with the transaction.
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