Startup Landscape in Nigeria

Nigeria has over 28,403 startups across the country. Of these, 1.67K are funded companies that have collectively raised $34.1B in venture capital and private equity. The country is home to 4 unicorns. A total of 1,477 investors have participated in 1,621 funding rounds, with 87 startups securing early-stage funding and 63 raising late-stage funding. In the last five years, 4,134 new companies have been founded, raising over $231M in funding. Startups in Nigeria have witnessed 203 acquisitions and 247 IPOs, while 7,530 startups wrapped up operations. Additionally, 386 companies have been founded by women.