GJO & Partners

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.

13

deals recorded

7

over 12 months

11.8 M$

median disclosed ticket

26

identified investors

Key findings

  • 13 funding deals recorded (Manufacturing, Nigeria) since 2015, involving 10 companies and 26 identified investors. 7 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 13, 557.6 M$ in total).
  • Where the money goes: Electronics and appliances (31 %), Leather and footwear (15 %), Home and personal care (15 %).
  • Most frequent stage: Growth (62 %); most used instrument: Equity (54 %).
  • Most active investors: 8VC (3), Aruwa Capital Management (3), Belief Capital (2).
  • 46 % of deals are syndicated (at least two investors around the table).

Industries

  • Electronics and appliances4
  • Leather and footwear2
  • Home and personal care2
  • Cement plants1
  • Building materials1

Stages

  • Growth8
  • Seed4

Instruments

  • Equity7
  • Senior debt1
  • Quasi-equity1

Deals per year

YearDealsDisclosed amounts
20231500 M$
202523.9 M$
2026753.7 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$8VCsource
Yikodeen Company LimitedLeather and footwear · Nigeria · GrowthJun 2026undisclosedAruwa Capital Managementsource
Terra IndustriesElectronics and appliances · Nigeria · SeedFeb 202622 M$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$Aruwa Capital Managementsource
BUA Cement PlcCement plants · Nigeria · GrowthJun 2023500 M$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
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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.