Report: Nigerian startups raised $35.5 million in Q3 2018, 52% less than Q2

October 17, 2018 · 1 min read
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The Nigerian Startup Funding Report by is a quarterly analysis of funding activities within the Nigerian Internet startup scene.

Now in its third 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 first two editions, which remain available for download, were downloaded by both local and international stakeholders, and are widely referenced as well.

As with the previous editions, the data used for this third edition was collected in real-time. A form was created to facilitate anonymous information gathering and we are beginning to get verifiable entries.

Do note that funding news tips can also be sent to

In Q3 2018, a total of $35,552,585 (about ₦12,922,298,069.95) was raised. The total amount raised in the quarter is less than half of the total amount raised in Q2.

Find out more in the report. Download it here.

Yinka Awosanya

Yinka Awosanya


Mobile & African Tech Enthusiast │ Data Analyst │ Music

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