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About 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.
Key Metrics
Total Companies
Total Funding
Funded Companies
Series A+ Companies
Series C+ Companies
Unicorns Created
IPOs
Acquisitions

Top Companies in Nigeria

Flutterwave is the top company in Nigeria, ranked using Tracxn Score (what's this?).
Here are 5 of the top companies in Nigeria:
Company
Description
Location
Founded
Current Stage
Private Funding Raised
Provider of payment solutions for online and physical business transactions
San Francisco (United States)
2016
Series E
$489M
Commercial bank
Lagos (Nigeria)
1989
Public
-
Provider of technology solutions facilitating financial services and digital transactions
Lagos (Nigeria)
2002
Acquired
$310M
App-based payment acceptance solutions for SMBs
Lagos (Nigeria)
2016
Series B
$42.7M
Commercial bank
Lagos (Nigeria)
1949
Public
$7M
Get a longer list of companies

Recent Funding Rounds in Nigeria

In the year 2026, till October 2026, $3.49B has been raised in 33 equity funding rounds across Nigeria. In the same period last year (i.e. till October 2025), $243M had been raised across 25 rounds in Nigeria. So, 2026 has seen a 1335.29% rise in funding in companies of Nigeria as compared to 2025.
Here are some recent, important funding rounds in Nigeria:
Company
Round Raised
Amount Raised
Funding Date
Investors
Series C
5509
Oct 01, 2026
Series D
1672
Aug 19, 2026
-
Seed
4405
Aug 18, 2026
-
Seed
8573
Aug 17, 2026
 and 5 more
Seed
2269
Aug 13, 2026
See a more detailed list of funding rounds
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  • 31K+ Total Companies
  • $34.3B+ Total Funding
  • 1.7K+ Funded Companies
  • 250+ IPOs
  • 200+ Acquisitions

Top Investors in Nigeria

Europa is the top investor in companies of Nigeria based on number of companies invested.
Here are some top investors in Nigeria:
See a more detailed list of investors

Acquisitions in Nigeria

In the year 2026, till April 2026, 8 acquisitions happened in Nigeria. Last year, in 2025, a total of 10 acquisitions happened in Nigeria.
Here are some recent, important acquisitions in Nigeria:
Company
Acquisition Type
Acquisition Date
Acquirers
Business Acquisition
Apr 27, 2026
Business Acquisition
Mar 23, 2026
Business Acquisition
Feb 18, 2026
Business Acquisition
Feb 2026
Business Acquisition
Jan 25, 2026
-
See a more detailed list of acquisitions

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)
Jan 03, 2020
Frankfurt Stock Exchange (FRA)
Nov 20, 2019
Johannesburg Stock Exchange (JSE)
Oct 11, 2018
Mexican Stock Exchange (BMV)
See a more detailed list of IPOs

Top News about startups in Nigeria

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FAQs about Startups in Nigeria

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