Startup Landscape in Nigeria

Nigeria has over 24,967 startups across the country. Of these, 1.63K are funded companies that have collectively raised $30.6B in venture capital and private equity. The country is home to 4 unicorns. A total of 1,418 investors have participated in 1,518 funding rounds, with 88 startups securing early-stage funding and 59 raising late-stage funding. In the last five years, 3,049 new companies have been founded, raising over $201M in funding. Startups in Nigeria have witnessed 198 acquisitions and 179 IPOs, while 7,535 startups wrapped up operations. Additionally, 385 companies have been founded by women.