By Paul Cochrane
(SALAAM GATEWAY) Muslim Kids TV has managed to expand viewership in over 60 countries with just $1.2 million in pre-seed funding since it started in 2014. In the past two years alone, it hit triple percent growth in its core subscriber market and quadruple percent growth in emerging markets.
The streaming platform is now seeking venture funding for a seed round in the third quarter to fund even more growth.
“We will be putting together a consortium of investors with expertise in the consumer media space,” CEO and founder of Muslim Kids TV (MKTV), Michael Milo, told Salaam Gateway.
“Ideally, one or two investors will be from Muslim countries that can provide market entry access and connections. In the past we were forced to be very capital-efficient given the intricacies of the market, but we’re now ready for that growth funding.”
The Canada-based specialty streaming platform has been steadily expanding its viewership in English-speaking Western countries before entering Muslim-majority markets. It made inroads into Indonesia earlier this year through strategic partnerships and is seeking new funding to expand in other Muslim-majority markets.
