Big Cabal Media, Ltd.
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Big Cabal Media (often stylised and capitalised as BCM) is a Nigerian digital media company headquartered in Surulere, Lagos State, Nigeria.[1][2] The company was founded by Bankole Oluwafemi and Seyi Taylor in 2014 following Oluwafemi’s establishment of the technology reporting website, Techcabal, in 2013.[3] In 2018, Tomiwa Aladekomo was announced as Big Cabal’s chief executive officer (CEO) following the exit of co-founder/CEO, Taylor, in January 2018.[4]
| Private | |
| ISIN | 🆔 |
| Industry | Digital media |
| Founded 📆 | 2014 |
| Founders 👔 |
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| Headquarters 🏙️ |
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Area served 🗺️ | |
Key people |
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Number of employees | |
| 🌐 Website | bigcabal.com |
| 📇 Address | |
| 📞 telephone | |
The company owns Cabal Creative, an in-house content studio; editorial and publishing brands TechCabal, Zikoko and the defunct forum Radar. In 2020, the company launched “Zikoko Memes”, a Giphy-like web application to provide relatable GIFs and memes for Nigerians and Africans.[5]
In March 2022, the company announced that it raised $2.3 million in seed financing from venture capitalists.[6][7][8]
History
Background in technology reporting
Big Cabal Media’s roots trace back to 2013 when Bankole Oluwafemi founded the company to specialise in the coverage of the Nigerian technology startup ecosystem.[9]
In the following year, Oluwafemi and Taylor created Big Cabal Media as the parent company for TechCabal and Zikoko. After the launch, TechCabal would expand its portfolio to encompass Radar, a technology forum, and Tech Women Lagos, a portrait series and exhibition of women working in technology startups in Lagos.[10][11]
In 2020, Bankole Oluwafemi left TechCabal after 6 years as its editor-in-chief.[12]
The evolution of Zikoko
Big Cabal Media added a Buzzfeed-like website Zikoko to its media group in 2014. Taylor hired Odunayo Eweniyi and Daniel Orubo to form the founding team for Zikoko.[13][14]
By mid-2017, Zikoko went offline and this was followed by Taylor’s departure from Big Cabal Media in January 2018.[15]
In January 2018, Big Cabal Media announced Tomiwa Aladekomo as the new chief executive officer of the company and Zikoko became live again later that year.[16] In October 2018, former Pulse senior reporter, Fu’ad Lawal, became Zikoko’s new editor-in-chief.
Corporate Governance
Funding
In May 2016, Big Cabal Media was announced as one of the recipients of ₦50 million by the Lagos Angel Network (LAN).[17] It was reported that the company also received $600,000 in funding between 2016 and 2020.
In March 2022, Big Cabal Media raised a $2.3 million seed round led by Mac Venture Capital with participation from VC firms; Luminate, Unicorn Group, Future Africa and others.[18]
Leadership
Board of directors
- Dr Akintoye Akindele[19]
- Biola Alabi[20]
- Tomi Davies[21]
- Bankole Oluwafemi[22]
References
- ↑ "Seyi Taylor, Big Cabal Media on creating Zikoko, an online media platform for African millennials - Emerging Media - Smart Monkey TV". www.smartmonkeytv.com. Retrieved 2022-04-13.
- ↑ "My Aim Is To Create Awareness On Ebola Epidemic- Seyi Taylor". Channels Television. Retrieved 2022-04-13.
- ↑ "Big Cabal Media, parent company of TechCabal and Zikoko, raises $2.3M seed funding". TechCrunch. Retrieved 2022-04-13.
- ↑ "Meet Tomiwa Aladekomo, the Newly Appointed Non-Executive Director of Chams Plc". Technext. 2019-12-16. Retrieved 2022-04-13.
- ↑ Onukwue, Alexander. "Africa's tech media outlets are entering a growth stage". Quartz. Retrieved 2022-04-13.
- ↑ Kpilaakaa, Johnstone (2022-03-17). "Big Cabal Media secures $2.3 million to expand its audience and build new verticals". BENJAMIN DADA | Impressive reporting on tech in SSA. Retrieved 2022-04-13.
- ↑ Akintaro, Samson. "Q1: Nigerian startups' funding hits $532m". New Telegraph. Retrieved 2022-04-13.
- ↑ "DEAL: Big Cabal Media lands $2.3 million seed funding". Nairametrics. 2022-03-17. Retrieved 2022-04-13.
- ↑ Onukwue, Alexander. "Nigerian startups with abusive work cultures have been put on notice". Quartz. Retrieved 2022-04-13.
- ↑ "Bankole Oluwafemi's TechCabal is no longer a website, it's an empire". TRUE Africa. 2017-03-28. Retrieved 2022-04-13.
- ↑ Obidiebube, Ogechi (March 8, 2019). "Some women wey dey run tins for Nigeria tech industry". BBC News Pidgin. Retrieved 2022-04-13.
- ↑ Kuuire, Joseph-Albert (2020-01-12). "Bankole Oluwafemi, Editor-in-chief of TechCabal, Leaves Big Cabal Media". Tech Nova. Retrieved 2022-04-13.
- ↑ Owens, Simon (2021-07-19). "How Zikoko became Nigeria's most viral publisher". Simon Owens's Media Newsletter. Retrieved 2022-04-13.
- ↑ Esene, Isime (2016-08-18). "PODCAST: Ruthless execution discipline – Seyi Taylor says that's how he built Zikoko.com into a media darling » YNaija". YNaija. Retrieved 2022-04-13.
- ↑ Editor (2017-02-25). "BellaNaija remains at number 1, Zikoko slips out of the top 10 | The YNaija online (web) ranking » YNaija". YNaija. Retrieved 2022-04-13.
- ↑ "Building an Afrikan media startup with global ambitions". iAfrikan.com. 2022-03-18. Retrieved 2022-04-13.
- ↑ okunola, folarin (2016-05-31). "Big Cabal Media, Cafe Neo announced as recipients of N50 million fund". Pulse Nigeria. Retrieved 2022-04-13.
- ↑ Fakiya, Victoria (2022-03-18). "Big Cabal Media's seed funding". Techpoint Africa. Retrieved 2022-04-13.
- ↑ Mane, Mohammed (2020-09-16). "Platform Capital Invests in Big Cabal Media, Appoints Dr. Akindele to its Board". Techawk. Retrieved 2022-04-13.
- ↑ Nwokoma, Chimgozirim (2021-09-01). ""Angel investing is more than just writing a cheque" — Biola Alabi, Nollywood producer and tech investor". Techpoint Africa. Retrieved 2022-04-13.
- ↑ "Nigerian Media Conglomerate Big Cabal Media Announces Investments from Platform Capital". MoreBranches. 2020-09-16. Retrieved 2022-04-13.
- ↑ Kene-Okafor, Tage (2020-01-11). "Bankole Oluwafemi, editor-in-chief of TechCabal, leaves Big Cabal Media, the company he founded". Techpoint Africa. Retrieved 2022-04-13.
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