Key sectors attracting VC investment include fintech, e-commerce, logistics, and health-tech, driving rapid innovation and growth.

Nigeria remains a focal point for Africa’s venture capital activity, with local and international investors funding fintech, health-tech, logistics, e-commerce, and related sectors across the market.

Microtraction stands out as a leading early-stage investor in Lagos, boasting a portfolio of more than 70 companies including Cowrywise, 54gene, and Wallets Africa.

Nigeria’s status as Africa’s largest economy for tech funding is reinforced by intensifying commitments from local and international backers.

SPARK Capital is a major advisor and investor, closing about 184 transactions totaling roughly $9.6 billion in value across technology services, BFSI, consumer, and healthcare.

Launch Africa Ventures closed a $36.3 million first fund and has invested in over 100 early-stage African startups, with a second fund targeting $75 million.

Alitheia Capital’s gender-focused Alitheia IDF fund backs women-led and inclusive startups in Nigeria, with nine flagship investments and a broader portfolio estimated between 15 and 28.

TLcom Capital backs growth-stage Nigerian tech, including Andela and Twiga Foods, with about 69 investments and nine exits, including one unicorn, across Africa-focused funds.

Ventures Platform backs startups from seed to scale and has participated in roughly 120 investments, with notable exits and portfolio including PiggyVest and Paystack.

EchoVC Partners maintains a strong pan-African footprint with about 95 to 100 investments, including exits via IPOs and acquisitions for portfolio companies like Hotels.ng.

Future Africa operates as a founder-friendly collective, investing in over 115 companies overall with around 65 in active portfolios mid-2025, supported by Fund I and Fund II.

Ingressive Capital focuses on pre-seed and seed-stage startups across Sub-Saharan Africa, with a portfolio including Mono and Oze and about 63 deals as of October 2025.

GreenHouse Capital has supported major Nigerian startups such as Flutterwave and MAX.ng, totaling around 72 investments by late 2025.