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StartupOverviewLast roundTotal raisedFounded
1.

Jumia

Nigeria

Jumia Group is an e-commerce ecosystem that provides innovative, convenient, and affordable online goods and services to consumers.

Corporate

$805,345,200.00

2012

2.

IHS Towers

Nigeria

IHS is a mobile telecommunications infrastructure provider.

Private Equity

$652,000,000.00

2001

3.

OPay

Nigeria

OPay empowers users and enables them to accomplish more with their money by providing smart financial services.

Series C

$570,000,000.00

2018

4.

Flutterwave

Nigeria

The easiest way to make and accept payments from customers anywhere in the world.

Series D

$484,625,000.00

2016

5.

Andela

Nigeria

Andela is an engineering-as-a-service business that helps companies build remote teams quickly and cost-effectively.

Series E

$381,000,000.00

2014

6.

Zola Electric

Nigeria

ZOLA Electric is a Silicon Valley startup democratizing clean energy access and smart storage power solutions.

Venture

$306,100,000.00

2011

7.

Moove

Nigeria

Moove is a Nigerian mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs across Africa.

Debt Financing

$223,200,000.00

2019

8.

Lumos

Nigeria

Lumos is a Clean Energy company and a leading provider of high-quality solar home systems that is revolutionising the African market.

Debt Financing

$212,000,000.00

2012

9.

PalmPay

Nigeria

PalmPay is a simple and secure payment app that give rewards.

Series A

$140,000,000.00

2019

10.

TradeDepot

Nigeria

TradeDepot enables manufacturers and key distributors keep their brands in stock on the shelves of millions of retail stores across Africa.

Debt Financing

$123,000,000.00

2015

11.

Interswitch

Nigeria

Interswitch is an Africa-focused integrated digital payments and commerce company.

Private Equity

$120,500,000.00

2002

12.

MainOne

Nigeria

MainOne is a telecommunications startup aimed at enabling West Africa's digital economy.

Venture

$100,000,000.00

2007

13.

Kuda Bank

Nigeria

Kuda Bank is designed for your smartphone, free of ridiculous charges and great at helping you budget, spend smartly and save more.

Series B

$91,600,000.00

2018

14.

Daystar Power

Nigeria

Solar power and Energy efficiency solutions for businesses

Debt Financing

$88,546,000.00

2017

15.

Konga

Nigeria

Konga Online Shopping is a Nigerian online shopping website selling books, home appliances, mobile phones, groceries, and others.

Series C

$79,500,000.00

2012

16.

Hygeia HMO

Nigeria

Hygeia HMO is the West African provider of integrated healthcare.

Venture

$66,800,000.00

1984

17.

MAX.NG

Nigeria

MAX.NG (Metro Africa Express) is on a mission to fix Africa’s notorious last-mile delivery and online-retail problems.

Venture

$64,200,000.00

2015

18.

Yellow Card

Nigeria

Yellow Card Financial is a digital currency exchange for the cash market.

Series B

$56,500,000.00

2016

19.

TeamApt

Nigeria

TeamApt is using technology to facilitate financial happiness for Africans

Series B

$55,500,000.00

2015

20.

iSON Xperiences

Nigeria

iSON Xperiences is the Business Process Outsourcing firm.

Debt Financing

$51,000,000.00

2010

Jumia

Lagos

Founded

2012

Overview

Jumia Group is an e-commerce ecosystem that provides innovative, convenient, and affordable online goods and services to consumers.

Last round

Corporate

Total raised

$805,345,200.00

Employee

1001-5000

IHS Towers

Lagos

Founded

2001

Overview

IHS is a mobile telecommunications infrastructure provider.

Last round

Private Equity

Total raised

$652,000,000.00

Employee

10001+

OPay

Lagos

Founded

2018

Overview

OPay empowers users and enables them to accomplish more with their money by providing smart financial services.

Last round

Series C

Total raised

$570,000,000.00

Employee

201-500

Flutterwave

Lagos

Founded

2016

Overview

The easiest way to make and accept payments from customers anywhere in the world.

Last round

Series D

Total raised

$484,625,000.00

Employee

151-200

Andela

Lagos

Founded

2014

Overview

Andela is an engineering-as-a-service business that helps companies build remote teams quickly and cost-effectively.

Last round

Series E

Total raised

$381,000,000.00

Employee

1,001-5,000

Zola Electric

Lagos

Founded

2011

Overview

ZOLA Electric is a Silicon Valley startup democratizing clean energy access and smart storage power solutions.

Last round

Venture

Total raised

$306,100,000.00

Employee

1,001-5,000

Moove

Lagos

Founded

2019

Overview

Moove is a Nigerian mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs across Africa.

Last round

Debt Financing

Total raised

$223,200,000.00

Employee

51-200

Lumos

Lagos

Founded

2012

Overview

Lumos is a Clean Energy company and a leading provider of high-quality solar home systems that is revolutionising the African market.

Last round

Debt Financing

Total raised

$212,000,000.00

Employee

201-500

PalmPay

Lagos

Founded

2019

Overview

PalmPay is a simple and secure payment app that give rewards.

Last round

Series A

Total raised

$140,000,000.00

Employee

51-200

TradeDepot

Lagos

Founded

2015

Overview

TradeDepot enables manufacturers and key distributors keep their brands in stock on the shelves of millions of retail stores across Africa.

Last round

Debt Financing

Total raised

$123,000,000.00

Employee

51-200

Interswitch

Lagos

Founded

2002

Overview

Interswitch is an Africa-focused integrated digital payments and commerce company.

Last round

Private Equity

Total raised

$120,500,000.00

Employee

501-1000

MainOne

Lagos

Founded

2007

Overview

MainOne is a telecommunications startup aimed at enabling West Africa's digital economy.

Last round

Venture

Total raised

$100,000,000.00

Employee

201-500

Kuda Bank

Lagos

Founded

2018

Overview

Kuda Bank is designed for your smartphone, free of ridiculous charges and great at helping you budget, spend smartly and save more.

Last round

Series B

Total raised

$91,600,000.00

Employee

11-51

Daystar Power

Lagos

Founded

2017

Overview

Solar power and Energy efficiency solutions for businesses

Last round

Debt Financing

Total raised

$88,546,000.00

Employee

51-100

Konga

Lagos

Founded

2012

Overview

Konga Online Shopping is a Nigerian online shopping website selling books, home appliances, mobile phones, groceries, and others.

Last round

Series C

Total raised

$79,500,000.00

Employee

1001-5000

Hygeia HMO

Lagos

Founded

1984

Overview

Hygeia HMO is the West African provider of integrated healthcare.

Last round

Venture

Total raised

$66,800,000.00

Employee

51-100

MAX.NG

Lagos

Founded

2015

Overview

MAX.NG (Metro Africa Express) is on a mission to fix Africa’s notorious last-mile delivery and online-retail problems.

Last round

Venture

Total raised

$64,200,000.00

Employee

11-50

Yellow Card

Lagos

Founded

2016

Overview

Yellow Card Financial is a digital currency exchange for the cash market.

Last round

Series B

Total raised

$56,500,000.00

Employee

11–50

TeamApt

Lagos

Founded

2015

Overview

TeamApt is using technology to facilitate financial happiness for Africans

Last round

Series B

Total raised

$55,500,000.00

Employee

201-500

iSON Xperiences

Lagos

Founded

2010

Overview

iSON Xperiences is the Business Process Outsourcing firm.

Last round

Debt Financing

Total raised

$51,000,000.00

Employee

10001+

Browse Lagos' startup stats

195619561984198419931993200020002002200220052005200720072009200920112011201320132015201520172017201920192021202100Year Founded111111131212434872117212629354054454247Lagos startup growth in Africa5454494943433838333328282222171712126611# of Startups
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