Nigeria
Africa · Pop. 232.7M · #45 startup ecosystem by EV
1 Overview
* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.
2 Largest rounds
Largest funding rounds in Nigeria
A live treemap of $15M+ rounds from the Dealroom API. Each cell is one round into a Nigeria-headquartered company, grouped by Dealroom sector.
Largest rounds in Nigeria - 2026
4 VC investment
How much venture capital flows into Nigeria
VC investment into Nigeria-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
5 Academia
Nigeria's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Nigeria.
| # | University | City | Founders | Companies |
|---|---|---|---|---|
| 1 | University of Lagos | Lagos | 376 | 413 |
| 2 | Obafemi Awolowo University | Ife | 241 | 265 |
| 3 | University of Ibadan | Ibadan | 159 | 173 |
6 Location comparison
How Nigeria stacks up
Compare Nigeria with similarly sized ecosystems in Africa — switch between combined EV, 5-year EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top ecosystems in Africa ranked by combined EV. Nigeria's row is highlighted (#2).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | South Africa | $18.9B | 8.2× | 2 | $366.5M | 972 |
| 2 | Nigeria | $17.3B | 11.8× | 5 | $137.7M | 931 |
| 3 | Egypt | $12.3B | 9.7× | 4 | $416.9M | 839 |
| 4 | Kenya | $8.9B | 10.2× | 1 | $438.8M | 527 |
| 5 | Seychelles | $3.1B | — | 1 | $15.8M | 46 |
| 6 | Senegal | $2B | 98.9× | 1 | $13.5M | 52 |
| 7 | Mauritius | $1.9B | 29.4× | 0 | $19.5M | 42 |
| 8 | Ghana | $1.4B | 4.6× | 0 | $146.9M | 195 |
| 9 | Morocco | $1.2B | 15.5× | 0 | $20.2M | 145 |
| 10 | Tunisia | $1.1B | 37.2× | 0 | $5.2M | 111 |
| 11 | Rwanda | $705M | 5.8× | 0 | $13.2M | 58 |
| 12 | Uganda | $579.8M | 26.4× | 0 | $12.1M | 125 |
7 Patent intelligence
Nigeria startup IP portfolio: 25 patent families
Granted patent families assigned to startups headquartered in Nigeria. Aggregated across the country's hub-level filings — Bay Area, Boston, etc. roll up under the United States row, the same way Tokyo and Osaka roll up under Japan.
8 Premium analytics
What we don't show on this page (yet)
Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Nigeria dataset — or see a sample on the Dealroom app.
More data
Explore Dealroom data →Get the full Nigeria ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.