GJO & PartnersInvest Matching

Manufacturing 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 — Manufacturing, Nigeria.

12

deals recorded

6

over 12 months

11.8 M$

median disclosed ticket

26

identified investors

Key findings

  • 12 funding deals recorded (Manufacturing, Nigeria) since 2015, involving 10 companies and 26 identified investors. 6 of them over the last 12 months (2 the previous year).
  • Median disclosed ticket: 11.8 M$; half of the deals fall between 2.2 M$ and 20 M$ (7 amounts disclosed out of 12, 557.6 M$ in total).
  • Where the money goes: Electronics and appliances (33 %), Home and personal care (17 %), Building materials (17 %).
  • Most frequent stage: Growth (58 %); most used instrument: Equity (50 %).
  • Most active investors: 8VC (3), Aruwa Capital Management (2), Belief Capital (2).
  • 50 % of deals are syndicated (at least two investors around the table).

Industries

  • Electronics and appliances4
  • Home and personal care2
  • Building materials2
  • Leather and footwear1
  • Paper, board and printing1

Stages

  • Growth7
  • Seed4

Instruments

  • Equity6
  • Senior debt1
  • Quasi-equity1

Deals per year

YearDealsDisclosed amounts
20231500 M$
202523.9 M$
2026653.7 M$

Most active investors

Latest deals

CompanyDateDisclosed amountsLead
ChipMangoElectronics and appliances · Nigeria · SeedSept 20261.9 M$Atlantica Venturessource
Terra IndustriesElectronics and appliances · Nigeria · SeedAug 202618 M$8VCsource
Terra IndustriesElectronics and appliances · Nigeria · SeedFeb 202622 M$Lux Capitalsource
Beta GlassPlastics and packaging · Nigeria · GrowthFeb 2026undisclosedHelios Investment Partnerssource
Terra IndustriesElectronics and appliances · Nigeria · SeedJan 202611.8 M$8VCsource
Torlowei Nigeria LimitedTextile and apparel · Nigeria · GrowthJan 2026undisclosedMBO Capitalsource
CutstructBuilding materials · NigeriaMay 20252.4 M$CRE Venturessource
Yikodeen Company LimitedLeather and footwear · Nigeria · GrowthMay 20251.5 M$Aruwa Capital Managementsource
BUA Cement PlcBuilding materials · Nigeria · GrowthJun 2023500 M$IFC (International Finance Corporation)source
Wemy Industries LimitedHome and personal care · Nigeria · GrowthOct 2019undisclosedAruwa Capital Managementsource
Daraju Industries LimitedHome and personal care · Nigeria · GrowthJul 2018undisclosedAfrica Capital Alliancesource
Boulos Group / Elephant Africa HoldingPaper, board and printing · Nigeria · GrowthAug 2015undisclosedAmethissource
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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.