Streaming video service Iflix raises more than $50 million led by Fidelity International as it prepares to go public

TechCrunch | 7/22/2019 | Staff
pixielilia (Posted by) Level 4
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Iflix, the streaming video service that competes with Netflix in Southeast Asia and other emerging markets, announced today that it has raised a new round of funding led by Fidelity International, with participation from returning investors Catcha Group, Hearst, Sky and EMC. The Malaysia-based company did not disclose the amount of the round, but said it totals more than $50 million and will be used for growth ahead of a potential public offering.

Iflix also added new media companies as investors, including MNC, Yoshimoto Kogyo and JTBC, from Indonesia, Japan and South Korea, respectively. The company currently claims...
(Excerpt) Read more at: TechCrunch
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