Nigeria's startup industry has been increasing due to technological advancement—these tech companies revolve around health, finance, education, etc.
Today, Investingport will bring you the 6 most funded Nigeria startups in 2023. Without further ado, let's take a look at the list.
Opay
Opay is a Chinese company that operates primarily in Africa and has raised $570 million in three consecutive rounds. The company's latest round was witnessed in 2021, where it got $400 in the SoftBank Vision Fund 2. However, before this Opay announced funding rounds in 2019 of which the company got $50 million June that year and $120 million Series B in November.Flutterwave
Flutterwave, a fintech company that was co-founded by Olugbenga Agboola has raised $475 million. Currently, the company is working towards an Initial Public Offer (IPO). Flutterwave's latest funding was in February 2022 in which the company was able to raise $250 million in a Series D round led by investors Boston-based hedge fund Whale Rock Capital Management and Eduardo Saverin's venture capital firm B Capital Group.Andela
Andela a tech company that helps other tech companies build remote engineering teams, is calculated to value at $1.5 billion after the $200 million Series E round that was led by SoftBank's Softbank Vision Fund 2.The Series E got Andela's funding to $381 million since its inception in 2014. Before that time, the company had raised over $100 million in Series D in 2019.
In 2017, the company was able to raise $49 million in Series C funding which was led by African venture firm CRR Venture Capital.
Read more: https://www.investingport.com/most-funded-nigerian-startups/