Big Cabal Media (BCM), a leading African digital media company, has raised $2.3 million in its Seed funding round. The seed round follows a $620,000 angel and pre-seed round the company raised between 2016 and 2020, bringing its total funding to over $2.9 million.
Investors who took part in the funding round include Unicorn Capital Partners, Future Africa, Mac Venture Capital, and Luminate Capital Partners.
With this new funding, Big Cabal Media plans to develop its product serving, staff, and audience.
We are expanding our video production by exploring docuseries and short films. 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.
Tomiwa Aladekomo, CEO
Founded in 2013, Big Cabal Media’s TechCabal started as a deliberate effort to cover the burgeoning Nigerian tech ecosystem. While the publication started out focusing just on the Nigerian startup space, it soon expanded its coverage to all of Africa. The publication covers startup fundraises, product launches, expansions, regulatory tussles, and stories of various players in the digital economy.
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