Rumble announces investment from Narya Capital, Peter Thiel and Colt Ventures

The video platform Rumble has announced that Narya Capital, entrepreneur and venture capitalist Peter Thiel, and Colt Ventures are investing in the burgeoning business.

"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," Rumble CEO Chris Pavlovski said.

Rumble's press release noted that the company has experienced massive growth: "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%," the company noted.