Startup Landscape in Nigeria

Nigeria has over 31,028 startups across the country. Of these, 1.69K are funded companies that have collectively raised $34.3B in venture capital and private equity. The country is home to 4 unicorns. A total of 1,484 investors have participated in 1,658 funding rounds, with 87 startups securing early-stage funding and 63 raising late-stage funding. In the last five years, 4,753 new companies have been founded, raising over $231M in funding. Startups in Nigeria have witnessed 204 acquisitions and 254 IPOs, while 7,528 startups wrapped up operations. Additionally, 385 companies have been founded by women.