Mr Eazi’s Zagadat Capital Scores Huge Win In Vydia’s $1 Billion Gamma-Backed Acquisition
Roll the carpets for Mr. Eazi, as he is having a great year, and his investments are paying off through his VC fund ZAGADAT Capital. This comes after Gamma bought the portfolio business Vydia, which had previously collaborated with artists including Akon, Kanye West, Mr. Eazi, and Anuel, as the fledgling VC fund announced its first exit.
A former Apple employee, Larry Jackson, oversaw the $1 billion buyout through his recently established, multifaceted firm, Gamma. It lists A24, Eldridge Industries, and Apple as its investors. An official statement released said,
“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.
Since then, the hashtag #FeatureByemPawa has been trending, another reason to applaud Mr. Eazi, who has made numerous significant advancements in the music and Tech industry.
The business has invested in technology companies like remittance-based loan startup Paisa, Eden Life, African fintech Pawapay, and most recently, South African basketball franchise CapeTown Tigers after establishing the venture capital fund Zagadat Capital in 2021. Before these, some initial investments were made in music technology firms, including emPawa (his company), a creative finance/IP company, the ticketing platform SHOOBS, and the American music distribution platform Vydia, whose service emPawa used before investing in the platform.