Nigeria's 'Netflix of Africa' iROKOtv made a 3,000% return for investors

As Nigeria’s tech space has matured over the last few years, it has drawn the attention—and money—of curious investors. But there have been questions with the still-maturing tech industry if any investors are making significant profitable exits.

Well, maybe some of them have. Jason Njoku, Founder of iROKOtv, the online streaming service often dubbed the ‘Netflix of Africa’, says his early investors made a whopping 3,000% profit on their early investment.

Less than a year old at the time, Njoku says the investors paid $80,000 for 10% of the iROKOtv but sold the entire stake earlier this year to other existing investors, for $2.4 million.

Read more: Nigeria’s ‘Netflix of Africa’ iROKOtv made a 3,000% return for investors — Quartz