E-commerce in Nigeria: funding deals and active investors
One of the best-documented segments on the platform. Latest rounds, investors who lead them, tickets and instruments — E-commerce, Nigeria.
13
deals recorded
2
over 12 months
21.6 M$
median disclosed ticket
27
identified investors
Key findings
- 13 funding deals recorded (E-commerce, Nigeria) since 2013, involving 11 companies and 27 identified investors. 2 of them over the last 12 months (3 the previous year).
- Median disclosed ticket: 21.6 M$; half of the deals fall between 10 M$ and 36 M$ (6 amounts disclosed out of 13, 143.5 M$ in total).
- Where the money goes: B2B e-commerce (46 %), Online retail (31 %), Online marketplaces (23 %).
- Most frequent stage: Series A (23 %); most used instrument: Equity (69 %).
- Most active investors: TLcom Capital (3), 4DX Ventures (2), Alitheia Capital (2).
- 62 % of deals are syndicated (at least two investors around the table).
Industries
- B2B e-commerce6
- Online retail4
- Online marketplaces3
Stages
- Series A3
- Growth2
- Seed2
- Pre-Seed1
- Series B1
Instruments
- Equity9
Deals per year
| Year | Deals | Disclosed amounts |
|---|---|---|
| 2021 | 2 | 13.1 M$ |
| 2022 | 1 | 30 M$ |
| 2023 | 1 | 38 M$ |
| 2024 | 2 | — |
| 2025 | 3 | 9 M$ |
| 2026 | 2 | 50 M$ |
Most active investors
- TLcom Capital3 deals
- 4DX Ventures2 deals
- Alitheia Capital2 deals
- GFR Fund2 deals
- Golden Palm Investments2 deals
- Goodwell Investments2 deals
- AAIC1 deal
- DFS Labs1 deal
- Enza Capital1 deal
- Helios Investment Partners1 deal
- HoaQ1 deal
- Hustle Fund1 deal
Latest deals
| Company | Date | Disclosed amounts | Lead |
|---|---|---|---|
| JumiaOnline retail · Nigeria | Aug 2026 | 50 M$ | IFC (International Finance Corporation)source |
| BumpaOnline marketplaces · Nigeria | Mar 2026 | undisclosed | Jobtech Alliancesource |
| ChowdeckOnline retail · Nigeria · Series A | Aug 2025 | 9 M$ | Novastar Venturessource |
| ShoptreoOnline retail · Nigeria · Seed | Jul 2025 | undisclosed | undisclosedsource |
| OmniRetailB2B e-commerce · Nigeria · Growth | May 2025 | undisclosed | Norfundsource |
| MattaB2B e-commerce · Nigeria | Aug 2024 | undisclosed | Oui Capitalsource |
| OmniRetailB2B e-commerce · Nigeria · Series A | Apr 2024 | undisclosed | Goodwell Investmentssource |
| SabiB2B e-commerce · Nigeria · Series B | May 2023 | 38 M$ | Janngo Capitalsource |
| VendeaseB2B e-commerce · Nigeria · Series A | Sept 2022 | 30 M$ | TLcom Capitalsource |
| AutochekOnline marketplaces · Nigeria · Seed | Oct 2021 | 13.1 M$ | Enza Capitalsource |
| TradeDepotB2B e-commerce · Nigeria | Oct 2021 | undisclosed | Sahel Capitalsource |
| AutochekOnline marketplaces · Nigeria · Pre-Seed | Nov 2020 | 3.4 M$ | TLcom Capitalsource |
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.