YC-backed subscription video on demand service (SVOD) service Afrostream has raised an undislcosed funding from Orange Digital Ventures with participation from TheFamily, Cross Culture Ventures I L.P. and ACE & Company to expand across Africa, Europe, the Caribbean and South America.
At the moment the firm is available in France, Belgium, Switzerland, Luxembourg, Senegal and Côte d’Ivoire but Orange Digital Ventures says the investment will enable it to develop the video-on-demand market, particularly in Africa.
Pierre Louette, Deputy CEO of Orange and President of Orange Digital Ventures, said “This investment is part of ODV’s ambition to finance services that are able to address different geographical areas in which Orange is present. It will enable us to develop the video-on-demand market, particularly in Africa. It will also enable us to enrich the content we already offer to our customers in France, as Afrostream should be launched on Orange TV by next summer.”
Orange Digital Ventures will also facilitate the firm’s distribution, networks and payments across its markets. Orange Group has operations in Europe, Middle East, Africa, and expects Afrostream to take advantage of its presence in Africa as well as in European countries with large African diaspora populations.
Afrostream recently backing from Orange Fab France and Y Combinator before its September launch.
Tonjé Bakang, CEO of Afrostream said,“The future of television is mobile. With this strategic investment by Orange, Afrostream now brings together the best of the mobile internet and the best of African content. This new alliance will enable us to revolutionize the entertainment industry and to reach all audiences.”
Afrostream serves African, African-American and African-Caribbean films and television series to its global audience and features programming for the entire family and includes cartoons, concerts and documentaries, in addition to films and TV series.