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Former Hulu Chief Kilar Raises $58 Million for Vessel Video Site

Vessel, the closely held video startup led by former Hulu LLC chief Jason Kilar, raised $57.5 million to fund its new subscription business for short-form video, according to a person with knowledge of the matter.

The investment was led by Institutional Venture Partners, Kilar said in a statement. It brings Vessel’s outside funding to more than $134 million. The new round includes investors previously tapped by Kilar, including Benchmark Capital, Greylock Partners and Bezos Expeditions, the personal investment company of Inc.’s Jeff Bezos.