Nigeria's startup scene is growing fast, thanks in large part to local venture capital firms. LoftyInc Capital has already backed over 150 startups, and Ingressive Capital is close to 60 investments.

This creates more opportunities for founders, but it also makes it harder to know who to pitch. Finding the right investor is the first step.

Below is our list of the best 6 VC firms in Nigeria.

Failory's Top 6 Picks

Ingressive Capital uses its $50M fund to back indigenous African founders building tech companies from the pre-seed and seed stages. The firm supports ventures that grow Africa's economy, from consumer apps to business software, and was an early investor in the fintech company Paystack.

HeadquartersLagos, Lagos, Nigeria
Year Founded2017
FoundersMaya Horgan Famodu
Total Funding$10M
Average Check Size$400k
IndustriesFintech, Devops, Transportation, Biotech, Supply Chain & Logistics, Proptech & Real Estate, API, Cloud, Automotive, Agriculture
Investment StageEarly Stage, Seed, Pre-Seed
Nº of Investments58 (9 as Lead Investor)
Nº of Exits3
Top Portfolio StartupsPaystack, Bamboo, 54gene
Contactcommunications@ingressive.vc

LoftyInc Capital invests in early-stage African tech startups, backing over 150 companies including unicorns like Andela and Flutterwave. The firm cultivates long-term growth and community benefits by providing its portfolio with an extensive ecosystem of tech hubs, angel networks, and talent platforms.

HeadquartersIkeja, Lagos, Nigeria
Year Founded2017
FoundersIdris Ayodeji Bello, Marsha Wulff, Michael Oluwagbemi
Investment StageEarly Stage, Seed
Nº of Investments168 (18 as Lead Investor)
Nº of Exits8 (1 IPO'd)
Contactinvestor.relations@loftyincltd.biz / 831-238-7997
AFEX Logo

3. AFEX

AFEX operates a commodities exchange in Africa, providing the infrastructure to connect farmers and businesses with capital and transparent markets. By creating a platform for trading agricultural commodities, they aim to build a more trustworthy and efficient economy for the continent's producers.

HeadquartersAbuja, Federal Capital Territory, Nigeria
Year Founded2014
Founders
Investment StageVenture
Nº of Investments1
Nº of Exits
Contact0700022552339

Atlantica Ventures provides capital and growth support to early-stage companies across Africa. They partner with founders to help build scalable and impactful businesses from the ground up.

HeadquartersLagos, Lagos, Nigeria
Year Founded2018
FoundersAnikó Szigetvári, Ik Kanu
Investment StageEarly Stage
Nº of Investments12 (7 as Lead Investor)
Nº of Exits
Contactcontact@atlanticaventures.com

As an impact-focused venture fund, Constant Ventures invests in, incubates, and accelerates early to mid-stage companies in Africa. They focus on businesses capable of driving scalable wealth creation across the continent and generating superior investment returns.

HeadquartersLagos, Lagos, Nigeria
Year Founded2020
FoundersChinedu Echeruo, Ike Echeruo
Investment StageEarly Stage, Late Stage, Seed
Nº of Investments1 (1 as Lead Investor)
Nº of Exits
Contactinfo@constant.ventures / +234 703 000 0040

Zedcrest Capital operates as a full-service capital management firm with a focus on African financial markets, investing in fixed income securities, asset management, and proprietary ventures. Through its venture arm, the firm backs ambitious founders building market-transforming companies across the continent.

HeadquartersLagos, Lagos, Nigeria
Year Founded2013
FoundersAdedayo Amzat
Investment Stage
Nº of Investments13 (3 as Lead Investor)
Nº of Exits
Contactinfo@zedcrestcapital.com / +234-631-1666/7