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We analyzed 64 Nigerian
Startups that have raised 100k and above (2019-2020YTD) to identify top sectors, interests, distribution etc
Here are top sectors that have attracted the most deals so far in Nigeria 2020.
72% decline in funding compared to 2019 (see next tweet)
Startups that have raised 100k and above (2019-2020YTD) to identify top sectors, interests, distribution etcHere are top sectors that have attracted the most deals so far in Nigeria 2020.
72% decline in funding compared to 2019 (see next tweet)
According to our data, Nigerian startups raised approx. $450m in 2019 with 55% concentration in #Fintech and 40% spread across E-commerce, Renewable Energy and #Logistics
However, due to the Covid-19 Pandemic and low investment deals, #Nigeria has seen diverse interests in other sectors like SaaS, Healthcare, BioTech and Crypto.
Financial Services continue to take a larger piece of the pie.
Financial Services continue to take a larger piece of the pie.
Here are the top Startups in Nigeria (by deal size) 2019 & 2020
Discover more Nigerian Startups here: https://startuplist.africa/startups-in-nigeria
