“Nigerian startups raised $17.6 million in Q1 2019, 8.5% higher than they did in Q1 2018” — Report

April 25, 2019 · 1 min read
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Last year, Techpoint Africa started the Nigerian Startup Funding Report — a quarterly breakdown of funding activities in the Internet startup space. We published three quarterly reports last year and in February 2019, we published the first annual edition of the report, all powered by Intelpoint.

In our quest to keep chronicling the funding activities within the Nigerian startup scene, we present the first quarterly report of 2019.

In Q1 2019, a total of $17.6 million was raised by Nigerian startups — just over a million dollars higher than in Q1 2018.

A feature we are adding to the funding reports, starting with Q1 2019, is indicating whether featured startups are currently open to funding or not and, for those that are still raising, providing their contact details.

What’s inside:

  • Quarter-on-quarter analysis
  • Breakdown by industry and form of funding
  • Contact details of startups that are still open to funding
  • And more

Do note that the three quarterly reports that were released last year are still available for free.

Also, funding news tips can still be sent to or by filling this anonymous form.

You can get the Q1 2019 edition of the Nigerian Startup Funding Report here.

Yinka Awosanya

Yinka Awosanya


Mobile & African Tech Enthusiast │ Data Analyst │ Music

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