VTB has led the Prof-Media-backed video streaming service’s series D round, which reportedly brought its overall financing to $438m.
Ivi, a Russia-based digital streaming platform backed by media group Prof-Media, raised $250m yesterday in a series D round led by financial services firm VTB.
Invest AG, an investment subsidiary of financial services group Raiffeisenlandesbank Oberösterreich, also took part in the round, as did Baring Vostok, Flashpoint Venture Capital, Millhouse and Russian Direct Investment Fund (RDIF).
VTB will be the company’s largest shareholder after the deal, while representatives of Baring Vostok, Flashpoint and RTP Global will all join its board…
