Mr Eazi is on a roll this year and his investments are paying off through his VC fund ZAGADAT Capital. The young VC fund announced its first exit after gamma acquired its portfolio company Vydia; which has previously worked with artists including Akon, Kanye West, Mr Eazi, and Anuel.
The $1bn takeover was led by former Apple executive Larry Jackson through his newly founded multi-faceted company – gamma. Apple and Eldridge Industries and A24 are also listed as some of its investors.
“gamma is built with the flexibility and aptitude that creators need to connect with fans on all formats and across all channels – with transparency and no restriction. We are a progressive media company powered by the best-in-class content distribution and analytics software by way of our Vydia acquisition. And central to its core, gamma is an ideas company,” Larry said.
Ever since launching the VC fund Zagadat Capital in 2021, the company has invested in tech companies such as remittance-based lending company Paisa, Eden Life, African fintech Pawapay, and most recently South Africa basketball team CapeTown Tigers. Prior to these, some of the first investments went into music tech companies like creative finance/IP company emPawa (his company), Ticketing platform – SHOOBS and American music distribution platform Vydia whose service emPawa used before financial investments in the platform.
Disclaimer: Contrary to wide reports that Mr Eazi’s Zagadat Capital owns Vydia and has consequently earned $1 Billion in the buyout, there is no publicly available record showing that either Mr Eazi or Zagadat Capital are investors in Vydia. However, Mr Eazi’s emPawa Africa partnered with Vydia to launch Cinch Distro, a music distribution platform. This tweet from Mr. Eazi also confirms that EmPawa Africa invested in Vydia.
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