Nigerian Startup Funding Reports
The Nigerian Startup Funding Report is a quarterly publication in the build-up to an annual report of the funding activities within the Internet Space in Nigeria. The major purpose of this report is to make valuable data available to concerned stakeholders while also ensuring that people have a grasp of what’s happening within the Nigerian Startup Scene.
In this report for Q3 2018, a total of $35,552,585 was raised by 37 startups, mostly from foreign investors. There are seven startups in the energy sector that got funding.
In this report for Q2 2018, a total of $73,685,003 was raised by 41 startups, mostly from foreign investors. In value, grants make up about 13.9% of the total amount raised.
In this report for Q1 2018, a total of $4,241,196 was raised by 13 startups, mostly from foreign investors, while grants make up almost 70% of the deals.
About the Author
Yinka Adesanya (Market & Industry Correspondent @ Techpoint.ng)
Yinka Awosanya is the Market & Industry Correspondent at Techpoint.ng. He is a mobile and African Technology enthusiast. His other past experience includes writing about the Internet space for Tech360ng, ITRealms and DigitalSENSE Business News.