The startup, which is about to launch a Netflix-like subscription service in Southeast Asia, will use the funding to expand and build its range of content.
Malaysia-based online video streaming service iFlix raised $30m in pre-launch funding in a round co-led by telecommunications firm Philippine Long Distance Telephone Company (PLDT) today.
PLDT co-led the round with internet holding company and venture firm Catcha Group. Catcha formed iFlix together with Evolution Media Capital, a boutique investment bank and advisory firm partly owned by talent agency CAA.
Founded last year, iFlix is preparing an online streaming service similar to Netflix through which subscribers can access local and international…
