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Big Cabal Media (BCM), the Nigeria-based media company that houses two well-known publications, TechCabal and Zikoko has announced that it has raised USD 2.3 Mn in seed funding to expand its audience and build new verticals. MaC Venture Capital led the round while VC firms Luminate, Unicorn Group, Future Africa, and several angel investors participated.
Zikoko creates and curates content around African youth culture for Gen Zs and millennials within and outside Africa. BCM houses other arms serving different clients and generating revenue for the publications to thrive. BCM plans to invest significantly in its technology and optimize publications’ websites. It also plans to further develop Zikoko Memes, a Giphy-like product focused on African memes, gifs, and images the company launched in 2020.