# iROKO Partners

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/iroko-partners

- Industry: Media
- Headquarters: Lagos, Nigeria
- Website: www.irokotv.com
- Total disclosed funding: $40M
- Latest round: Series E (Jan 25, 2016)
- Investors on record: 4

## About

Based in Nigeria, iROKO Partners Ltd operates as a prominent streaming service, offering a wide range of African films and television series primarily through its platform, IROKOTV.iROKO Partners Ltd, founded in 2010 in Lagos, Nigeria, specializes in the distribution of African movies and television series. The company has completed a total of 7 deals, with its most recent funding round being a SERIES E, which raised USD 19.00 mn from investors including Groupe Canal Plus and Kinnevik. CEO and founder Jason Njoku has been instrumental in the company's development, leading it through its various phases of growth and strategy adaptations.IROKOTV is a prominent streaming platform that specializes in the distribution of African movies and television series. The core offerings of IROKOTV include a diverse library of films and series across multiple genres such as drama, romance, thrillers, and traditional epics. The platform aims to provide users with access to unlimited entertainment options, catering predominantly to audiences interested in Nollywood productions and African storytelling. Customers include individual subscribers who seek high-quality content, as well as potential partnerships with distributors and content creators within the entertainment industry. IROKOTV services are primarily marketed in key geographical regions including North America, the United Kingdom, and several African countries, focusing on delivering culturally relevant content to both diaspora and local audiences.In 2018, IROKOTV reported a revenue of USD 14.42 mn and an EBITDA of USD 267,000, reflecting the company's subscription-based revenue model which allows users unlimited access to its extensive library of films and television series through monthly or annual payment plans.Following the completion of its SERIES E funding round in March 2018, IROKO Partners Ltd plans to utilize the capital to enhance its content library and expand into new markets. The company aims to target additional regions in Africa and Europe by 2020, focusing on increasing its subscriber base and content offerings. The recent funding will support the development of new products and the scaling of operations in these strategic markets.

## Funding rounds

- Series E, Jan 25, 2016, $19M — Kinnevik, Groupe Canal Plus, SA
- Series D, Dec 17, 2013, $8M — Tiger Global Management, Kinnevik, Rise Capital
- Series C, Jul 17, 2012, $5M — Tiger Global Management
- Series B, Apr 5, 2012, $5M — Tiger Global Management
- Series A, Apr 1, 2012, $3M — Tiger Global Management

## Investors

- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A, Series B, Series C, Series D
- Kinnevik (https://capitalatlas.ai/funds/kinnevik) — Series D, Series E
- Rise Capital (https://capitalatlas.ai/funds/rise-capital) — Series D
- Groupe Canal Plus, SA — Series E