nHub raises 6-figure seed fund from local investor

by | Jan 27, 2017

Twenty four hours after the announcement that BudgIT raised $3 million in funding, nHub put pen to paper in contract for seed funding with an undisclosed local investor.

nHub is a tech innovation hub from Jos in Plateau State, Nigeria. They are unarguably the first in the region and are powering software development, training and empowerment.

According to co-founder David Daser, the hub has a thriving software outsourcing department that has done work from different parts of the world.


So the 6-figure seed fund is for training and infrastructure. Commenting further on the development, David Daser said;

We are looking to get more developers and we intend to train our own. When this developers are trained, they need to be housed, so this fund will also be channeled towards an nHub campus for our developers. On the area of infrastructure, monies will be spent towards acquiring a very strong internet connection and an alternative power supply. And the nHub fellowship program will eventually kick off

Even though they refused to divulge the amount and identity of the investment and investors, we suspect that it is a sizeable amount. At the Techpoint nHub meetup in Jos during the Techpoint Tours, David Daser talked about how the nHub turned down a ₦30 million investment from an investor because of unfavorable terms.

For the nHub team, this investment signifies a ray of hope towards the decentralization of an ecosystem; anybody can work anywhere as opposed to only Lagos as the center of activities. Speaking further, David Daser said;

This means we[nHub] can now stay more focused on delivering set goals and objective of transforming Jos into Africa’s best outsourcing Hub. Personally, I am glad nHub is setting the pace for tech innovation in Northern Nigeria and this would raise a green flag for investors to start looking into this region to fund startups

From empowering women in tech, hosting the NASA Space Apps Challenge to teaching children to code, 2016 was a very busy and productive year for the nHub. This seed  fund is expected to accelerate their operations this year and also further incentivize local investors to consider tech as a viable option.

Victor Ekwealor
Victor Ekwealor

tech. media. startups. africa. vc | Twitter: @victor_ekwealor


Are you in tech and you are looking at getting a foreign remote job or you want to move abroad? Fill this form and you will get the BEST resources to help you get that high paying remote job as well as japa easily! WAGMI!

Notify of
Inline Feedbacks
View all comments

Recent News

TABS is tomorrow! 💃 💃

TABS is tomorrow! 💃 💃

On #TechpointDigest, we discuss Victory Farms’ $5m investment, Netflix for kids and people with disabilities, and TikTok’s plan to credit creators.

TikTok on a “Branded Mission”

TikTok on a “Branded Mission”

On #TechpointDigest, we discuss Autochek’s new acquisition, TikTok’s Branded Mission, Bamba’s $3.2 million seed, and Jumia’s report for Q1 2022.

[PODCAST] Tax evasion in Nigeria to get harder

[PODCAST] Tax evasion in Nigeria to get harder

Using data mining and machine learning, Nigeria’s Federal Inland Revenue Service plans to make it harder to evade taxes. Listen to today’s episode of #TechpointAfricaPodcast to learn how it plans to do that.

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Blockchain Explorer

Analysis oninnovation, regulations, and trends inthe blockchain sector, as it concerns Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap