“Nigerian startups raised $73.6 million in Q2 2018, 700% more than Q1”– Report

The Nigerian Startup Funding Report by Techpoint.ng is a quarterly analysis of funding activities within the Nigerian startup scene. Now in its second edition, the report is being collated in the build-up to an annual report which will be published at the end of the year.

The maiden edition, which will remain available for download, was downloaded by both local and international stakeholders, and is widely referenced as well.

As with the previous edition, the data used for this second edition was collected in real-time. A form was created to facilitate anonymous information gathering but due to the nature of responses received, it’s been resolved that funding news tips should be sent to intelligence@techpoint.africa for efficiency.

In Q2 2018, a total of $73,685,003 (about ₦26,567,127,831.65) was raised, almost 800% of the total funding for the first quarter of the year. Find out more in the report.

Yinka Awosanya

Mobile & African Tech Enthusiast │ Data Analyst │ Music