Nigeria: Platform Capital invests in digital media publisher
Lagos-based Platform Capital has announced an investment in Big Cabal Media (BCM), a digital media publisher operating out of Nigeria.
BCM currently publishes TechCabal and Zikoko, while working with brands through its Cabal Creative Studio. TechCabal provides insight into startups, innovation and technology in Africa through its reporting, data and events. It serves a global audience of business professionals, investors, entrepreneurs and those curious about the impact of technology in Africa’s evolution. Zikoko creates high-engagement content around youth culture in and around Nigeria and West Africa.
BCM also works with a wide array of local and international brands including Coca-Cola, Google, DSTV, Access Bank, Flutterwave, MainOne, GIGM, Nestle and ARM under its Cabal Creative Studio, providing strategic communications, content creation and brand design services.
Speaking of the investment, Tomiwa Aladekomo, CEO of BCM said, “We’re excited to have Platform Capital on board as an investor and partner. Big Cabal has established its ability to build and sustain strong media brands and to deliver high-impact innovative content and products. With Platform Capital as a partner, we intend to drive accelerated audience growth and reach, while deepening our investments in technology and product development.”
“As the global demand for African news and African content continues to grow and evolve, we believe that Big Cabal Media is uniquely positioned at the intersection of media and technology due to its strong brand, youth focus and global reach to be an integral part of the ’Africa Rising’ story. We look forward to working with Tomiwa and the team at BCM to support their growth across Africa and into new verticals,” said Paul Okunaiya, CIO at Platform Capital.
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