Nigerian Startup Funding Report 2018

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An analysis of 148 Nigerian startups that raised $178 million in 2018 with participation from 90+ investors reveals that Financial Services providers got most of the funding.
  • More than 90 investors (individuals and institutions) participated in the investment landscape in Nigeria
  • 148 startups raised funding in various rounds in the year
  • A financial service provider got the highest funding for the year
  • Fintechs got the lion’s share of the total funding for the year
  • 15 startups raised over a million dollars
  • Details of featured companies
  • Preface
  • Highlights
  • Funding landscape
    • Investors: Foreign vs local
    • Grants: The highest number of deals
    • Top fundings
    • Series A in millions
    • Ranking of investors that participated in more than one round
  • Funding breakdown
    • Sources of funding
    • Breakdown of funding by type
    • Share of funding by industry
  • The trends
    • 2018: Fintech still winning
    • Crowdfunding is the new trend
    • Education is key?
    • Nigerian eCommerce sector is bleeding
    • Transportation & logistics is picking up
  • The opportunities
    • There’s more to come for financial services
    • There’s probably a future for cryptocurrencies in Nigeria
    • Healthcare - there are problems to be solved
    • There are more roles for technology in feeding nature
    • eCommerce - the bubble of the past or the future
    • Transportation & logistics
    • Foreign investors have confidence in Nigeria
    • Government ramping up activities in the startup space
  • Featured companies & investors
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Report highlights
An analysis of 148 Nigerian startups that raised $178 million in 2018 with participation from 90+ investors reveals that Financial Services providers got most of the funding.
Year Published: 2019
Pages:61
Document Type:PDF
Languages:English Language
Price: Free
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