Nigerian startups seek better access to investors as funding reaches $635 million
- ✦Folarin Aiyegbusi, head of startup ecosystem for Africa at Google, said access to suitable investors could help founders accelerate business growth.
- Against this backdrop, 26 Nigerian startups met 16 venture investors in Lagos on October 27 through an Investor Connection Drive organised by Magna Collective, which arranged 61 pre-scheduled, one-to-one meetings between founders and potential investors.
- Nigerian startups are exploring more targeted ways to secure venture capital as funding into the country’s technology ecosystem rebounds but remains concentrated among a relatively small number of businesses.
- Folarin Aiyegbusi, head of startup ecosystem for Africa at Google, said access to suitable investors could help founders accelerate business growth.
Nigerian startups are exploring more targeted ways to secure venture capital as funding into the country's technology ecosystem rebounds but remains concentrated among a relatively small number of businesses.
Frequently Asked Questions About This Story
What is the latest development regarding Federal Capital Territory?
Against this backdrop, 26 Nigerian startups met 16 venture investors in Lagos on October 27 through an Investor Connection Drive organised by Magna Collective, which arranged 61 pre-scheduled, one-to-one meetings between founders and potential investors.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Federal Capital Territory, Lagos State, Babajide Sanwo-Olu.
What timeline or key figures were confirmed?
According to Africa: The Big Deal, Nigerian startups raised $635 million in the first nine months of 2026, more than double the amount recorded in the corresponding period of 2025 and the highest among African countries.
