Nigeria
Africa · Pop. 232.7M · #45 startup ecosystem by EV
Largest rounds
Largest funding rounds in Nigeria
A live treemap of $100M+ rounds from the Dealroom API. Each cell is one round into a Nigeria-headquartered company, grouped by Dealroom sector.
Largest rounds in Nigeria - 2026
Startup funnel
Nigeria's power-law funnel
From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.
* 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.
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. Live from the Dealroom Next Gen API.
Notable companies
Top private companies in Nigeria
Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.
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.
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 | 5-yr EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | South Africa | $18.9B | 8.2× | 2 | $406.5M | 973 |
| 2 | Nigeria | $17.2B | 11.8× | 5 | $137.7M | 926 |
| 3 | Egypt | $12.3B | 9.6× | 4 | $416.9M | 838 |
| 4 | Kenya | $8.6B | 9.7× | 1 | $369.8M | 524 |
| 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 | 194 |
| 9 | Morocco | $1.2B | 15.5× | 0 | $20.2M | 145 |
| 10 | Tunisia | $1.1B | 37.2× | 0 | $5.2M | 110 |
| 11 | Rwanda | $705M | 5.8× | 0 | $13.2M | 58 |
| 12 | Uganda | $579.8M | 26.4× | 0 | $12.1M | 125 |
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.
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.
Get the full Nigeria ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.