Startup Landscape in Nigeria

Nigeria has over 32,316 startups across the country. Of these, 1.7K are funded companies that have collectively raised $38.3B in venture capital and private equity. The country is home to 4 unicorns. A total of 1,452 investors have participated in 1,657 funding rounds, with 88 startups securing early-stage funding and 61 raising late-stage funding. In the last five years, 5,371 new companies have been founded, raising over $231M in funding. Startups in Nigeria have witnessed 204 acquisitions and 259 IPOs, while 7,528 startups wrapped up operations. Additionally, 385 companies have been founded by women.