Iroko today announced that Bastian Gotter, the company’s co-founder and original seed investor, is moving on from his role as COO / CFO, after four successful years at the company. The changes will take effect as of January 2017, with Gotter’s replacement, Lauren Miller, taking up the role of CFO from the company’s London office.
During his tenure at the African entertainment and tech company with his co-founder, Jason Njoku, Gotter has been pivotal in the company’s meteoric growth, having raised an additional $33Mn from new and existing investors, and has also overseen key organisational infrastructure and built out a number of the company’s tech functions. In conjunction with his work at Iroko, Gotter and his business partner, Njoku, have seed invested in Lagos-based tech start-ups through Spark, their $2.5M investment platform. Together, they have invested in and worked with some of Nigeria’s hottest technology companies, including Hotels.ng and ToLet.com.ng, both of whom have gone on to raise additional investment rounds.
Following his passion for investing in and building companies in Africa, Gotter will now apply his considerable expertise in the sector to working with start-ups across Africa.
In 2010, Gotter invested $150,000 for a 50% stake in Iroko, and later, when the company closed on Series A investment from Tiger Global in early 2012, left his role as a London-based Oil trader at BP to relocate to Lagos and take up the reins as Iroko’s COO and CFO. Replacing Gotter will be Lauren Miller, a corporate finance heavyweight who brings with many years of experience in top roles at Millicom, Paramount, Vodacom, JP Morgan & Chase and Warner Brothers.