Locations

Lagos · LA, Nigeria; San Francisco, CA, USA

Private financing in Lagos, aggregated from public sources.

$105.0M
Capital raised
34
Companies
18
Rounds
2017
First on record
2025-05-02
Latest round

Cooling Lagos drew — over the last 12 months, down 100% versus the prior 12 ($35.0M). Of 12 companies rankable against same-niche peers, 25% model over-valued and 25% under-valued.

Capital flow over time

Quarterly capital raised in Lagos.

2017-Q4 · $1.6M2017-Q42018-Q1 · $3.5M2018-Q12019-Q1 · $500K2019-Q12020-Q3 · $2.4M2020-Q32020-Q4 · $2.0M2020-Q42021-Q4 · $1.8M2021-Q42022-Q1 · $17.1M2022-Q12022-Q2 · $3.7M2022-Q22022-Q3 · $5.4M2022-Q32023-Q2 · $30.0M2023-Q22023-Q4 · $2.0M2023-Q42025-Q2 · $35.0M2025-Q2
Sector mix
SectorCompaniesRoundsCapital
Fintech77$39.8M
Investment Vehicle11$15.0M
Other Technology25$6.3M
Mobility / Logistics11$2.5M
Healthtech11$2.4M
Media & Content11$1.8M
Top-funded companies
CompanySectorRaisedModeled value
Aruwa—$35.0M$359.5M
NombaFintech$30.0M$340.2M
BambooInvestment Vehicle$15.0M$141.1M
HealthlaneHealthtech$2.4M$61.2M
Remedial HealthFintech$4.4M$52.8M
CredPalFintech$1.5M$43.1M
Mecho Autotech—$2.1M$22.0M
TopshipMobility / Logistics$2.5M$20.8M
SendboxMedia & Content$1.8M$18.6M
Farmcrowdy Inc.Other Technology$2.1M$17.0M
MonoFintech$500K$17.0M
BujetiFintech$2.0M$13.3M
AnchorFintech$1.0M$13.2M
Rensource Holdings, Inc.Other Technology$4.3M$11.1M
BridgecardFintech$440K$6.9M
Shekel MobilityFintech——
ClevaFintech——
SchoolableFintech——
TermiiFintech——
Eazipay Inc.Fintech——
More in LA, Nigeria; San Francisco, CA, USA
SAN FRANCISCO$186.4BNEW YORK$184.6BBOSTON$44.5BNew York$39.7BAUSTIN$29.3BCHICAGO$28.9BLOS ANGELES$27.7BCAMBRIDGE$24.7B

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Frequently asked
How much venture funding have companies in Lagos raised?
Companies based in Lagos have raised approximately $105.0M across 18 recorded financing rounds among 34 companies, aggregated from public sources.
Is startup funding in Lagos growing?
Lagos funding is currently cooling: capital raised over the last 12 months was down 100% versus the prior 12 months.
What sectors are most active in Lagos?
The most active sectors in Lagos by recorded financing are Fintech, Investment Vehicle, Other Technology, Mobility / Logistics. See the sector mix table for company and round counts.
Which are the most-funded companies in Lagos?
The most-funded Lagos companies in our coverage include Aruwa, Nomba, Bamboo, Healthlane, Remedial Health. See the ranked table for disclosed capital and modeled valuations.