Nigerian Startup Funding Report 2018

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.

Some Takeaways Content

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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