Big Cabal Media, platform owners of TechCabl and Zikoko have announced that they have raised a $2.3 million Seed funding round, emphasising its commitment to keep building exciting and authoritative media products and brands.
The new investment round saw participation from existing investors: Unicorn Capital Partners and Future Africa. New investors such as Mac Venture Capital and Luminate Capital Partners participated.
“We’re thrilled to have new funding and partners who recognize the opportunity to build a truly global media and technology operation from Africa. This round will allow us to invest deeply in technology products and our own tech stack, video production arm, and growing our reach across and beyond the continent.” Tomiwa Aladekomo, BCM’s CEO said.
With this new funding, BCM plans to develop its product serving, staff, and audience. “We are expanding our video production by exploring docuseries and short films,” Aladekomo said. “We will be transforming our studio into a community hub for creatives, and introducing 3 new tech products, including the Zikoko app and Zikoko Memes 2.0, which first launched in 2020. We will also be building out new audiences while offering competitive wages.”
According to Marlon Nichols, Co-Founder and Managing General Partner of MaC Venture Capital, the lead investors, “investing in Africa’s booming digital media sector aligns perfectly with MaC’s mission of supporting exceptional entrepreneurs building valuable technology companies that leverage shifts in cultural trends and behaviours. I have no doubt that BCM will seize this unique opportunity to continue leading conversations in culture and helping digital consumers access the information that matters most to them.”
Source: TechCabal
