Gamma, a multi-faceted company led by former Apple executive Larry Jackson, has acquired Vydia for a whopping $1 billion.
Vydia, known for its work with artists such as Kanye West, Akon, Anuel, and Mr Eazi himself, was a portfolio company of venture capital fund Zagadat Capital, founded by Nigerian musician and entrepreneur Oluwatosin Ajibade, also known as Mr Eazi, in 2021.
Gamma, which counts Apple, Eldridge Industries, and A24 among its investors, is a progressive media company that provides creators with the flexibility and aptitude they need to connect with fans on all formats and channels, with transparency and no restriction.
The Vydia acquisition has equipped gamma with best-in-class content distribution and analytics software. According to Jackson, gamma is an ideas company at its core.
Zagadat Capital has invested in several tech companies since its launch, including remittance-based lending company Paisa, Eden Life, African fintech Pawapay, and, most recently, South Africa basketball team CapeTown Tigers.
Mr Eazi’s company’s first investments were in music tech companies such as creative finance/IP company emPawa (his company), ticketing platform SHOOBS, and American music distribution platform Vydia, which emPawa used before financially investing in the platform.
