Raising a round. $8Mn

Bastian and I announced earlier today that iROKO, our little company which we co-founded back in 2010 raised another $8Mn in venture capital from our existing investors Tiger Global, Kinnevik and new participant, Rise Capital. That brings our total raised over the last 2 years to $21Mn (we quietly raised $5Mn in December ‘12). I know this makes us easily one of the most well funded internet startups in Africa and with a near $50Mn valuation, validates our original perspective of a valuable and globally relevant Nollywood film audience. A market which only required a product to fill that void. 2013 hasn’t been an easy year, the naysayers have recently been out in force predicting our demise, it’s definitely been one where I personally feel that the company, at large, has matured. But maturity in the public eye can be very taxing. We were negotiating the final clauses in this $8Mn whilst folks were mentioning our ‘structural issues’. I had a response blog post penned ready to set th...