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 or by filling this form.

Find out more in the report. Download it here.

Yinka Awosanya

Yinka Awosanya


Mobile & African Tech Enthusiast │ Data Analyst │ Music

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