GJO & PartnersInvest Matching

Funding and investors in Nigeria: market analysis

Who invests in Nigeria, in which sectors, with which tickets and instruments: every figure below is computed from the funding deals recorded on the platform.

191

deals recorded

65

over 12 months

5.5 M$

median disclosed ticket

154

identified investors

Key findings

  • 191 funding deals recorded (Nigeria) since 2001, involving 171 companies and 154 identified investors. 65 of them over the last 12 months (37 the previous year).
  • Median disclosed ticket: 5.5 M$; half of the deals fall between 1.9 M$ and 22 M$ (101 amounts disclosed out of 191, 3.1 bn $ in total).
  • Where the money goes: Fintech (23 %), Energy (15 %), Agribusiness (13 %).
  • Most frequent stage: Growth (40 %); most used instrument: Equity (66 %).
  • Most active investors: Helios Investment Partners (16), TLcom Capital (16), Sahel Capital (10).
  • 31 % of deals are syndicated (at least two investors around the table).

Sectors

  • Fintech44
  • Energy28
  • Agribusiness24
  • SaaS18
  • Financial services14

Industries

  • Payments and mobile money14
  • Fintech infrastructure (APIs, open banking, BaaS)8
  • Crypto and blockchain7
  • Money transfer and remittances6
  • Agritech5

Stages

  • Growth76
  • Seed29
  • Pre-Seed25
  • Debt16
  • Series A10

Instruments

  • Equity127
  • Senior debt25
  • Quasi-equity3
  • Mezzanine debt1
  • Grant1

Deals per year

YearDealsDisclosed amounts
2021855.1 M$
202216110.6 M$
202314606.6 M$
202410144.5 M$
2025421.2 bn $
202656588.2 M$

Most active investors

Latest deals

CompanyDateDisclosed amountsLead
AeonCybersecurity · Nigeria · Pre-SeedSept 20261 M$Terra Industriessource
Biochar Industrial GroupForestry, agroforestry and carbon · Nigeria · Pre-SeedSept 20261.5 M$Catalyst Fundsource
Biochar Industrial Group (BIG)Agricultural inputs and services · Nigeria · Pre-SeedSept 20261.5 M$Breegasource
Drive45Passenger transport · Nigeria · DebtSept 20263 M$TLG Capitalsource
Noma Services ConsolidatedGrains and field crops · Nigeria · DebtSept 2026650 k$Sahel Capitalsource
TolaramConsumer goods (FMCG) · Nigeria · DebtSept 202651 M$Mauritius Commercial Bank (MCB)source
NombaPayments and mobile money · Nigeria · DebtSept 20263 M$CardinalStonesource
PewbeamVertical software · NigeriaSept 2026undisclosedResilience17source
ChipMangoElectronics and appliances · Nigeria · SeedSept 20261.9 M$Atlantica Venturessource
ThriveAgricAgritech · Nigeria · DebtAug 20263.9 M$undisclosedsource
PouchersCrypto and blockchain · Nigeria · Pre-SeedAug 2026500 k$Stack Directory LLCsource
Terra IndustriesElectronics and appliances · Nigeria · SeedAug 202618 M$8VCsource
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See also

Method: published funding deals (press releases, specialised media), recorded by Invest Matching's news monitoring and reviewed before integration. Amounts in US dollars; deals without a disclosed amount count in the totals, not in the medians.