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Iflix secures fresh funding of over USD 50 mln ahead of planned IPO

Monday 22 July 2019 | 11:52 CET | News
Southeast Asian digital entertainment platform Iflix has completed a new round of investment to boost growth ahead of a prospective IPO. This funding round was led by global asset manager Fidelity International. As part of the round, iflix also welcomed various regional media companies to the register, including Indonesia's MNC, Japan's Yoshimoto Kogyo, and South Korea's JTBC. This complements the continued investment by the founders Catcha Group, and shareholders Hearst, Sky and EMC, each of whom also participated in the round. The final size of the round has not been disclosed. Iflix only

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Categories: Broadcast & Satellite / Internet
Companies: Iflix
Countries: Asia
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