Nigerian investors are second only to the US in size and deals made
submitted about 5 years ago by chidera2kz
submitted about 5 years ago by chidera2kz
- In Africa, there has been a significant increase in capital invested in startups over the past five years, with 234 tech companies raising $2.02 billion in 2019, marking a 74% increase from the previous year.
- Despite the pandemic affecting forecasts for this year, African startups are expected to surpass the billion-dollar mark again, with a reliance on foreign funds still prevalent.
- In West Africa, Nigerian startups have raised over $1.8 billion in the last decade, with local investors contributing a small percentage of the total funds raised.
- While foreign investments play a significant role, Nigerian investors have been active in funding deals, with US-based investors like Y Combinator also playing a vital role in the growth of high-growth startups in the
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