RDIF and partners invest $250 mn in IVI, Russia’s leading online video streaming service

Press release, 25.05.2021

Moscow, May 25, 2021 – A consortium of investors, including the Russian Direct Investment Fund (RDIF, Russia's sovereign wealth fund), VTB Capital, Invest AG, Millhouse, leading sovereign funds of the Middle East, Baring Vostok and Flashpoint today announced the completion of a funding round totaling $250 mn in IVI, Russia’s leading online video streaming service.

IVI currently has the largest catalog of video content (films, TV series, etc.) in Russia and accounts for more than 30% of the Russian online video streaming market. The investment by RDIF and partners is aimed at further expanding the content offer and producing IVI’s own content as well as developing the Company’s advanced technology platform and marketing.

IVI became an RDIF portfolio company in September 2019. The previous funding round was completed by a consortium of investors, including RDIF, the Russia-China Investment Fund (RCIF, established by RDIF and China Investment Corporation), Mubadala Investment Company (UAE), Baring Vostok Private Equity Fund IV, Flashpoint VC, RTP Global and Winter Capital.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said:

“New investment by RDIF and partners will support the business development of Russia's leading online streaming service which has an audience of more than 50 million unique users per month. IVI occupies a leading position in its segment in the rapidly growing Russian digital services market and has significant potential for further expansion of its business both through cooperation with leading international studios and the production of its own content.”

Oleg Tumanov, CEO and Founder of IVI, said:

“The media industry is undergoing a phase of radical transformation. IVI continues to strengthen its leadership in video streaming and focuses on creating the best offer for the Russian-speaking audience. Funds from this round will be spent on increasing the content offered, creating a solid base for producing our own content and attracting talent. We create the conditions for content producers to implement their best creative ideas to produce engaging and relevant stories for our users. We will also continue to focus on developing our service and improve the user experience.”


Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Currently, RDIF has experience of the successful joint implementation of more than 80 projects with foreign partners totaling more than RUB 2 tn and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 800,000 people and generate revenues which equate to more than 6% of Russia’s GDP. RDIF has established joint strategic partnerships with leading international co-investors from more than 18 countries that total more than $40 bn. Further information can be found at rdif.ru

IVI is the leading streaming service in Russia accounting for more than 30% of the online video streaming market (according to TMT Consulting data for 2020). The service audience exceeds 50 million unique users monthly. IVI presents the largest professional catalog of films, TV series and animation. In total, IVI’s catalog contains more than 100,000 content items from all 6 Hollywood major studios, as well as more than 400 Russian and international filmmakers. RDIF, Baring Vostok, RTP Global, Flashpoint, Winter Capital, Mubadala and others are among investors in IVI.

For additional information contact:

Alexey Urazov
Russian Direct Investment Fund
Director for External Communications

Mobile: +7 915 312 76 65
E-mail: Alexey.Urazov@rdif.ru

Andrew Leach / Maria Shiryaevskaya
Hudson Sandler

Tel: +44 (0) 20 7796 4133