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
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Buy It For $97 $297 →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.
| Headquarters | Lagos, Lagos, Nigeria |
| Year Founded | 2017 |
| Founders | Maya Horgan Famodu |
| Total Funding | $10M |
| Average Check Size | $400k |
| Industries | Fintech, Devops, Transportation, Biotech, Supply Chain & Logistics, Proptech & Real Estate, API, Cloud, Automotive, Agriculture |
| Investment Stage | Early Stage, Seed, Pre-Seed |
| Nº of Investments | 58 (9 as Lead Investor) |
| Nº of Exits | 3 |
| Top Portfolio Startups | Paystack, Bamboo, 54gene |
| Contact | communications@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.
| Headquarters | Ikeja, Lagos, Nigeria |
| Year Founded | 2017 |
| Founders | Idris Ayodeji Bello, Marsha Wulff, Michael Oluwagbemi |
| Investment Stage | Early Stage, Seed |
| Nº of Investments | 168 (18 as Lead Investor) |
| Nº of Exits | 8 (1 IPO'd) |
| Contact | investor.relations@loftyincltd.biz / 831-238-7997 |
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.
| Headquarters | Abuja, Federal Capital Territory, Nigeria |
| Year Founded | 2014 |
| Founders | — |
| Investment Stage | Venture |
| Nº of Investments | 1 |
| Nº of Exits | — |
| Contact | 0700022552339 |
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.
| Headquarters | Lagos, Lagos, Nigeria |
| Year Founded | 2018 |
| Founders | Anikó Szigetvári, Ik Kanu |
| Investment Stage | Early Stage |
| Nº of Investments | 12 (7 as Lead Investor) |
| Nº of Exits | — |
| Contact | contact@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.
| Headquarters | Lagos, Lagos, Nigeria |
| Year Founded | 2020 |
| Founders | Chinedu Echeruo, Ike Echeruo |
| Investment Stage | Early Stage, Late Stage, Seed |
| Nº of Investments | 1 (1 as Lead Investor) |
| Nº of Exits | — |
| Contact | info@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.