What is iROKOtv?
iROKOtv is a pioneering web platform specializing in on-demand Nigerian films, often referred to as Nollywood content. Launched in December 2011, it was among Africa's first mainstream online movie streaming services, offering a vast library of over 5,000 film titles. Founded by Jason Njoku and Bastian Gotter, the company emerged from a recognized gap in the market for legal, accessible African cinema, addressing a growing global demand. The company's parent, iROKO Partners, was established in December 2010, driven by the founders' insight into the burgeoning popularity of African movies worldwide.
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
Kinnevik is an industry-focused investment company with an entrepreneurial spirit, dedicated to building digital consumer businesses. They partner with founders to create and lead fast-growing ventures, aiming to deliver both shareholder and social value.
Tiger Global Management
Tiger Global Management is a global investment firm known for its significant backing of technology and internet companies. Their investment strategy often focuses on high-growth potential businesses across various markets.
CANAL+
CANAL+ is a prominent media group offering a wide array of television packages, including local and international content, sports, and news, catering to diverse viewing preferences across Africa.
What's next for iROKOtv?
With substantial enterprise-level backing, iROKOtv is strategically positioned for continued expansion and market leadership. The recent major strategic investment suggests a focus on scaling operations, enhancing content acquisition, and potentially exploring new technological avenues for content delivery. Future developments are likely to involve deepening its subscriber base across Africa and the diaspora, further solidifying its role as a key player in the global African entertainment ecosystem. The company's sustained access to capital indicates a clear path towards further innovation and market penetration.
See full iROKOtv company page
