A range of investors have agreed to provide about $40m for the Prof-Media-backed online video host to ramp up its original content provision.

Ivi, a Russia-based online television streaming platform backed by media company Prof-Media, has agreed about $40m in new funding. State-owned investment vehicle Russian-Direct Investment Fund and Abu Dhabi sovereign wealth fund Mubadala Investment Company joined private equity firm Baring Vostok, debt and equity fund manager Flashpoint VC, venture capital firm RTP Global and investment advisory…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.