Minority growth investment · Media & gaming
HARTBEAT raises $100 million from Abry Partners
The investment supports the combined comedy business created from HartBeat Productions and Laugh Out Loud.
HARTBEAT launched on April 26, 2022 with a $100 million investment from Abry Partners. The private equity firm took a minority stake in the entertainment company formed by combining Kevin Hart’s HartBeat Productions and Laugh Out Loud.
The capital was earmarked for expanding the team, developing original content and growing existing brands and franchises. The combination brought film and television production together with digital distribution and branded entertainment, creating a broader platform for comedy.
Use of funds
team expansion
content development
brand and franchise growth
Funding history
Minority growth investment · This round$100M