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London social media publisher Jungle Creations sells £30m stake : CityAM
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Private equity firm Livingbridge takes majority stake of Jungle Creations
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Jungle Creations founder Bolding steps down with execs taking on co-CEO role
Jungle Creations’ founder and chief executive Jamie Bolding has this week (11 January ) announced he will step down from the digital media company, with execs Melissa Chapman and Nat Poulter stepping up as joint CEOs. Following a year of record revenue growth at Jungle, the co-chiefs tell The Drum how they plan to advance the business.
In 2020, Jungle Creations – home of media brands including Twisted, Craft Factory, VT, Four Nine, Level Fitness, Lovimals and Blue Crate, as well as the social agency The Wild – reported profit growth of 342% year-on-year and 38% revenue growth (£19.5m/$26.7m revenue and more than £3m/$4.1m Ebitda). And so founder Jamie Bolding’s departure comes at a high point for the business.