Startups

Report: Nigerian startups raised $24.7 million in Q2 2019, 40% higher than Q1

August 07, 2019 · 1 min read
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In 2018, Techpoint Africa started the Nigerian Startup Funding Report with the purpose of chronicling the funding activities of the Nigerian startup space.

Our findings reveal that Nigerian startups raised $24.7 million in the second quarter of 2019, which is just 40% higher than that of Q1.

Like previous reports, the data used for this report was collected in real-time. We also got anonymous tips.

Below are some of the highlights of the report

  • Grants made up the highest number of deals with 19
  • Logistics & transportation startups raised half the total value of investments in the quarter
  • Fintech startups accounted for less than 10%
  • Contact details of startups that are still open to funding
  • And more

Do note that previous reports are still available on our platform. And funding news tips can still be sent to intelligence@techpoint.africa or by filling this form.

Find out more in the report. Download it here.

Yinka Awosanya

Yinka Awosanya

Author

Mobile & African Tech Enthusiast │ Data Analyst │ Music

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