“Nigerian startups raised $377m in 2019, more than twice the value of 2018.” — Report

by | Feb 26, 2020

In 2018, Techpoint Africa started the Nigerian Startup Funding Report — a curation, breakdown, and analysis of funding activities in the tech startup space — and has since produced eight reports, all powered by Intelligence by Techpoint.

Positive feedback from previous editions shows that the reports are achieving the set objective — making insightful data available to stakeholders.

We, therefore, present to you the second annual edition with detailed sector analysis, year-on-year analysis, and trends in the Nigerian startup space; it also contains information about featured companies, among others.

This report should have been released earlier in the month but it’s coming late due to some technical difficulties.

While the Nigerian Startup Funding Report 2019 takes into account publicly announced funding rounds, we also reached out to investors, as well as startups, for undisclosed rounds.

Here are some highlights of the report:

  • Over 100 investors (individuals and institutions) participated in the investment landscape in Nigeria in 2019
  • More than 147 startups received one form of funding or the other
  • A Financial Services provider got the highest funding for the year
  • Financial Services got the lion’s share of the total funding for the year
  • Twenty startups raised a million dollars and above each
  • Breakdown and year-on-year analysis
  • Details of featured companies

Find out more in the report.

This report is available for free here.

Kindly note that previous reports are still available on our platform, and funding news tips can be shared by sending a mail to intelligence@techpoint.africa or by filling this form.

Looking to transition into tech? Learn how to code in 1 year with AltSchool Africa. Earn a diploma in software engineering at $0. Apply Here.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Recent News

Betting $165 million on Africa’s B2B eCommerce in 2021

Betting $165 million on Africa’s B2B eCommerce in 2021

While Africa’s eCommerce struggles frequently make the news, investors have bet a combined $165 million on a growing class of startups in 2021. Today on #TechpointDigest, @eruskkii discusses the rise of B2B marketplaces in Africa.

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Crypto Explorer

A monthly series featuring in-depth analysis on the cryptocurrency sector in Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap