Big Cabal Media, a Nigerian digital media startup, has raised $2.3 million in seed capital to expand its audience and develop new products. With this funding, Seyi Taylor and Bankole Oluwafemi’s company, launched in 2013, has raised more than $2.9 million to date.
Big Cabal Media, which publishes TechCabal, a technology-focused publication, and Zikoko, which gathers information centered on African culture and youth, attracted a group of investors led by MaC Venture Capital as part of this fundraising.
According to Proparco statistics, which was published in a February 2022 article, digital media, which is part of the culture and creative industries, received barely 1% of all money invested in African start-ups in 2019.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer