The H1 2022 Nigeria Venture Investment Report is one of MAGNiTT's flagship reports that provides a bi-annual update on the venture capital and startup ecosystems in Nigeria. 


Nigeria Startup Ecosystem in H1 2022 - Key Highlights

Nigeria was the most-funded and most-transacting geography across Africa accounting for 32% of all funding and 32% of total transactions in H1'22

• The $640M raised in venture funding in Nigeria over the first half of the year was driven by 2 Mega Deals accounting for more than 56% of total funding raised in Nigeria over H1'22
FinTech was able to raise 48% of total transactions and 88% of funding to rank first as the industry of choice for the Nigerian VC ecosystem with 7 out of the 10 largest rounds raised invested in Fintech startups
• 44% of all transactions in H1 2022 were accelerated deals and 75% of all investors were international, indicating a healthy deal flow from early to late-stage transacting

 

What’s In The Report?

This bi-annual report provides a comprehensive overview and a deep dive into the Nigerian venture capital and funding investment space and includes the following: 

 

A 5-year analysis of Nigeria venture funding evolution, with a focus on H1‘22 industry performance benchmarks

Top 20 investor ranking, together with the business type and HQ analysis of all investment firms in the region

Top 10 startup funding rounds that were closed during the analyzed period, as well as the ticket size split of the entire deal flow

Top 10 last exits recorded by Nigeria-based startups


Who will benefit from the report?

This report is ideal for investors tracking startup activity, consultants looking to identify technology innovation trends, as well as government entities searching for investments.


This report was created with data from MAGNiTT, a comprehensive directory of technology innovation trends. The platform provides the following analytics tools:

Investment directories, a comprehensive list of all startup venture funding across the Middle East, Africa, Pakistan, and Turkey

Market Sizing Tools to visualize investment growth and trends across industries, geographies, and stage

Startup Resources including a deal flow tool for applications to leading Venture Capitalists for investment

Exit comparisons, looking at Mergers & Acquisitions from across the region

Learn how MAGNiTT's proprietary data can help your business. Contact us now!


*This report aggregates and analyses tech startup investments across the Middle East, Africa, Turkey and Pakistan.