The Emtek-owned video streaming platform developer received its first external investment, at a post-money valuation of $900m.
Vidio, the Indonesia-based video streaming platform developer backed by media conglomerate Emtek, has secured a $150m investment from private equity firm Affinity Equity Partners, Tech in Asia reported yesterday.
The deal marks Vidio’s first capital injection to come from outside Emtek’s umbrella and values the company at $900m post-money.
Founded in 2014, Vidio provides an on-demand streaming platform which incorporates entertainment, sport and user-generated content. It boasts more than 1 million videos, 2 million paid subscribers and 62 million monthly…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
