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Startup Landscape in Nigeria
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About startup landscape in Nigeria
Nigeria has over 20,246 startups across the country. Of these, 1.48K are funded companies that have collectively raised $27.9B in venture capital and private equity. The country is home to unicorns. A total of 1,374 investors have participated in 1,310 funding rounds, with 89 startups securing early-stage funding and 55 raising late-stage funding. In the last five years, 4,635 new companies have been founded, raising over $125M in funding. Startups in Nigeria have witnessed 189 acquisitions and 104 IPOs, while 5,774 startups wrapped up operations. Additionally, 383 companies have been founded by women.
Key Metrics
Total Companies
Top Companies
, & 3 more
Total Funding
Funded Companies
Series A+ Companies
Series C+ Companies
Unicorns Created
IPOs
Acquisitions
Top Companies in Nigeria
is the top company in Nigeria, ranked using 秘密研究所 Score ().
Here are 5 of the top companies in Nigeria
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of payment processing solutions for businesses | San Francisco (United States) | 2016 | Series D | $489M | |
Agent based payment solutions for consumers and businesses | Lagos () | 2009 | Series B | $35M | |
 | Commercial bank | Lagos () | 1989 | Public | - |
 | Payment solutions for consumers and businesses | Lagos () | 2002 | Acquired | $310M |
 | App-based payment acceptance solutions for SMBs | Lagos () | 2016 | Series B | $37.7M |
Recent Funding Rounds in Nigeria
In the year 2025, till June 2025, $131M has been raised in 12 equity
funding rounds across Nigeria. In the same period last year (i.e. till June 2024), $249M had been raised across 30 rounds in Nigeria. So, 2025 has seen a 47.34% drop in funding in companies of Nigeria as compared to 2024.
Here are some recent, important funding rounds in Nigeria
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- 20.2K+ Total Companies
- $27.9B+ Total Funding
- 1.5K+ Funded Companies
- 100+ IPOs
- 185+ Acquisitions
Top Investors in Nigeria
is the top investor in companies of Nigeria based on number of companies invested.
Here are some top investors in Nigeria
Investor | Location | Top Portfolio Companies |
|---|---|---|
 | Brussels () | , , and |
Mountain View () | , , and | |
_1584095064231.png?height=40&width=40){kind=logo} | New York City () | , , and |
 | Abuja () | , , and |
_1532933068353.png?height=40&width=40){kind=logo} | Lagos () | , , and |
Acquisitions in Nigeria
In the year 2025, till March 2025, 3 acquisitions happened in Nigeria. Last year, in 2024, a total of 22 acquisitions happened in Nigeria.
Here are some recent, important acquisitions in NigeriaCompany | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Mar 29, 2025 | ||
Business Acquisition | Jan 27, 2025 | ||
 | Business Acquisition | Jan 22, 2025 | |
Business Acquisition | Dec 19, 2024 | ||
Business Acquisition | Dec 03, 2024 |
IPOs in Nigeria
In the year 2024, till May 2024, 1 IPO happened in Nigeria. In its previous year, in 2023, a total of 1 IPO happened in Nigeria.
Here are some recent, important IPOs in Nigeria
Company | IPO Date | Exchange Symbol |
|---|---|---|
 | May 10, 2024 | Nigerian Stock Exchange (LAG) |
Nov 08, 2023 | Nigerian Stock Exchange (LAG) | |
Oct 14, 2021 | New York Stock Exchange (NYSE) | |
 | Jan 03, 2020 | Frankfurt Stock Exchange (FRA) |
 | Nov 20, 2019 | Johannesburg Stock Exchange (JSE) |
Top News about startups in Nigeria
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Techpoint.Africa鈥�Apr 23, 2025鈥�, ,
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PR Newswire鈥�Apr 16, 2025鈥�,
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iTWire鈥�Apr 15, 2025鈥�
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Vietnam Investment Review鈥�Apr 15, 2025鈥�
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DCD鈥�Apr 14, 2025鈥�
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Techpoint.Africa鈥�Apr 11, 2025鈥�
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The Fintech Times鈥�Apr 04, 2025鈥�
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Tech Labari鈥�Apr 03, 2025鈥�
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Capacity Media鈥�Mar 26, 2025鈥�
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TechCabal鈥�Mar 25, 2025鈥�,
