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SVoD service Iflix raises USD 133 mln to develop own content
2017-08-08 11:31:00| Telecompaper Headlines
(Telecompaper) SVoD service provider Iflix has completed a USD 133 million funding round. Proceeds from this funding round will be used to support iflix's local content strategy. The funding round was led by Hearst and also included new investors Singapore-based EDBI and clients of DBS private bank. Existing shareholders Evolution Media, Sky, Catcha Group, Liberty Global, Jungle Ventures and PLDT also increased their investments. The new round brings total funding raised by Iflix this calendar year to USD 220 million.
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Category:Telecommunications