Nigeria’s Big Cabal Media (BCM) has raised a USD 2.3mn seed round. Existing investors Unicorn Capital Partners and Future Africa invested alongside new investors Mac Venture Capital and Luminate Capital Partners.
Funds will be used to expand video production to include docuseries and short films, introduce three new tech products and transform its studio into a creatives community hub.
BCM’s major publications are TechCabal and Zikoko—services which reach over 30mn people across platforms with over 170,000 newsletter subscribers. The digital platform has experienced 225% compound annual growth between 2018 and 2021.
The media group was founded in 2013 by Bankole Oluwafemi and prior to this round had raised USD 600,000 in funding.