238 Nigerian tech startups raised over $2 billion in 7 years, dominate Africa – Report

The latest report by Disrupt Africa has revealed that a total of 238 tech startups in Nigeria had raised $2.068 billion in the last 7 years. This, it said, is far higher than what any other African country received in the period, adding that Nigeria is the most popular investment destination on the continent.

The report, which captures funding in the tech startup ecosystem from January 2015 to August 2022, further disclosed that 107 Nigerian startups have raised funding in the last 8 months accounting for around one third of the continent’s funded startups so far this year.

According to the ‘Nigerian Startup Ecosystem Report 2022, the Nigerian startups have so far raised a total of $747.9 million this year.

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