What is iROKOtv?
Launched in 2011 by Jason Njoku and Bastian Gotter, iROKOtv serves as a premier web platform dedicated to providing on-demand access to Nigerian cinema. With a library exceeding 5,000 Nollywood titles, the company addresses a critical market void by offering a legal, high-quality streaming experience for African film enthusiasts worldwide. Its business model leverages proprietary licensing agreements with local producers, effectively monetizing the massive cultural output of Nigeria's film industry. As a pioneer in the African over-the-top (OTT) media space, iROKOtv maintains a competitive advantage through its deep integration with local content creators and its robust digital distribution infrastructure.
How much funding has iROKOtv raised?
iROKOtv has raised a total of $40M across 5 funding rounds:
Series A
$3M
Series B
$8M
Series C
$2M
Series D
$8M
Series E
$19M
Series A (2011): $3M with participation from Tiger Global Management
Series B (2012): $8M led by Tiger Global Management
Series C (2012): $2M supported by Kinnevik
Series D (2013): $8M featuring Kinnevik and Rise Capital
Series E (2016): $19M backed by AB Kinnevik and CANAL+
Key Investors in iROKOtv
Kinnevik
An industry-focused investment firm with a long history of building digital consumer businesses through partnerships with talented founders.
Rise Capital
A global investment firm specializing in expansion-stage capital for internet businesses operating within high-growth emerging markets.
CANAL+
A major television entertainment provider offering diverse content packages and media services across international and African markets.
What's next for iROKOtv?
With the backing of major institutional investors, iROKOtv is well-positioned to scale its operations and further penetrate the fragmented African digital media market. The current enterprise-level funding context suggests a strategic focus on expanding content acquisition, enhancing platform technology, and potentially diversifying into original production. As the demand for localized, high-quality streaming content continues to surge across the continent, iROKOtv is likely to prioritize user acquisition and infrastructure optimization to maintain its market leadership. Future growth will likely hinge on the company's ability to navigate the complexities of regional internet penetration while continuing to deliver value to its global subscriber base.
See full iROKOtv company page
