Film Workers for Palestine shared a note on Instagram, where it stated of being "horrified" to learn that global streaming platform and film production company Mubi has "accepted funding from Sequoia Capital, a venture capital firm that is deeply invested in Israel’s genocide of the Palestinian people."
It mentioned about a report in The Financial Times, published on May 31, where it was reported that Mubi had raised $100 million in funding from Sequoia Capital.
Here's Why Film Workers For Palestine Calls Out Mubi For Receiving Funds From Sequoia And Demands To Return The Investment
Film Workers For Palestine is 'horrified' to know that Mubi accepted funding from Sequoia Capital, that is invested in "Israel’s genocide of the Palestinian people."
The venture capital firm has been investing heavily in Israeli companies since February 2024, which also includes Kela, a military tech startup founded by a former senior manager of Palantir Israel and several Israeli military intelligence figures.
Sequoia invests in Kela to "leverage Israel’s unique cadre of techno warriors to help defend the Western world order," as per its own website.
The statement further read that "money invested in Mubi by Sequoia is inseparable from profits generated by the illegal dispossession of Palestinian land and the genocide of Palestinians."
According to The Financial Times, Sequoia’s investment in Mubi will help the platform, fund and distribute independent arthouse films, which according to Film Workers for Palestine means that "as film workers, our art and labor will be used to launder profits generated from Israel’s war crimes. And it means that as viewers, our Mubi subscription dollars will flow back to the war machine."
The organisation called it "unacceptable" and demands that Mubi return the funding that it received from Sequoia.
According to Gaza health officials more than 55,000 Palestinians have been killed in Israel-Hamas war.
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