Report: Nigerian startups raised $28.35m in Q2 2020, 14% higher than in Q2 2019

by | Aug 3, 2020

In the last two and a half years, Techpoint Africa has released a series of reports — free and paid as well as quarterly and annually — that provided in-depth and comprehensive analyses of funding activities in the Nigerian startup space.

It is in the spirit of making insightful data available to stakeholders that we present the funding report for the second quarter of 2020, the second quarterly edition in the build-up to the 2020 annual report.

Nigerian startups raised a total of $28.35m in Q2 2020, a 48.8% decline from what was raised in Q1 2020.

As with previous reports, the data used for this report was collected in real-time as well as from anonymous tips; we also reached out to investors. Below are some of the highlights of the report:

  • Two healthcare startups accounted for 88.18% of the total amount raised
  • Financial Services providers accounted for 8.45% of the total amount raised
  • Local funders provided less than 5% of the total amount raised
  • Quarter-on-quarter and year-on-year breakdown and analysis
  • Contact details of startups that are still open to funding
  • And more

Do note that previous reports — free and paid — are available on our Intelligence platform. Funding news tips can be sent to intelligence@techpoint.africa or by filling this form.

Find out more in the report. Download it here.

DON’T MISS OUT!
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!
Stay Updated
Give it a try, you can unsubscribe anytime. Privacy Policy.

Mobile & African Tech Enthusiast │ Data Analyst │ Music


Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Recent News

Watch Newsbites

Listen to Built in Africa

Editors' Pick

Editors' Pick

DON’T MISS OUT!
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!
Stay Updated
Give it a try, you can unsubscribe anytime. Privacy Policy.
close-link

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