Nigeria’s tech ecosystem continues to attract global attention and investment. Despite a recent dip in capital activity, major firms and angel investors remain committed to backing high-potential startups—especially in fintech, healthtech, agritech, and enterprise software WikipediaFailory+13Reuters+13InvoiceApp+13.
If you’re an entrepreneur seeking funding, understanding who is investing and how to appeal to them is crucial.
1. Venture Platform
Founded by: Kola Aina
Focus: Early-stage, post‑MVP startups across fintech, healthtech, SaaS, and enterprise
This Abuja-based VC invests seed capital, grants mentorship, and hosts accelerator programs. Notable portfolio: PiggyVest, Mono, MDaaS Global, Remedial Health, Chargel Techpoint Africa.
2. Microtraction
Founded by: Yele Bademosi
Focus: Tech-based high-growth ventures in billion-dollar markets
Typical deal: $100,000 seed for ~7% equity; follow-ons up to $350,000. Portfolio includes Cowrywise, BuyCoins, Wallets Africa, 54gene, Chaka Freelance Space+5Techpoint Africa+5Aviaan+5.
3. GreenHouse Capital
Founded by: Venture Garden Group
Focus: African fintech. Key investments include Flutterwave, Riby, Max.ng, CredPal .
GreenHouse also runs GreenHouse Lab, a female-focused accelerator.
4. SPARK Capital
Founded by: Jason Njoku
Focus: Early-stage Lagos startups across SaaS, e-commerce, and media Wikipedia+9InvoiceApp+9dollaers.com+9. Portfolio highlights: Hotels.ng, Paystack, OgaVenue, Medsaf.
5. EchoVC Partners
Focus: Technology startups in Africa, including early-stage ventures. Funds active in Nigeria, Kenya, and North America Failory+4InvoiceApp+4Aviaan+4.
Notable investments: Printivo, Hotels.ng, TradeX.
6. TLcom Capital
Region: Africa-wide with a strong Nigerian presence
Investment size: Up to $3M per startup. Portfolio includes Andela, uLesson, Terragon Failory+2Aviaan+2Failory+2.
7. Future Africa
Founder: Iyinoluwa Aboyeji
Focus: Early-stage founders solving African problems in edtech, fintech, enterprise software .
Recent investments include Bamboo, Stitch, GitStart, and Afropolitan.
8. Ingressive Capital
Founder: Maya Horgan Famodu
Focus: Pre‑seed & seed tech startups in Nigeria and beyond Freelance Space+1KnowNigeria+1. Portfolio includes Paystack, 54gene, Bamboo, and Vesicash.
9. Lagos Angel Network (LAN)
Founded: 2014
Focus: Early-stage angel investments in Lagos-based startups, comprehensive mentorship and pitch events Failory+2Freelance Space+2Aviaan+2.
LAN members have backed dozens of early-stage companies.
10. High-Profile Angel Investors
Olugbenga Agboola (Flutterwave)
He’s invested in tech startups like Afropolitan, Sudo, and Klump Wikipedia+15KnowNigeria+15ft.com+15.
Olumide Soyombo
Co‑founded LeadPath and Voltron Capital. Early angel investor in Paystack, PiggyVest, Brass, Mono, Wallet.ngft.com+5launchbaseafrica.com+5Wikipedia+5.
Jason Njoku
Through SPARK and angel investing, backed ventures such as Hotels.ng, ToLet.ng, and Drinks.ngKnowNigeria+1InvoiceApp+1.
Iyinoluwa Aboyeji
Invests via Future Africa in early-stage startups. Interested in enterprise tech and logistics Aviaan+1Freelance Space+1.
Babs Ogundeyi
CEO of Kuda Bank and angel investor in Curacel, Klump, Casava KnowNigeria+1Freelance Space+1.
Tomi Davies
President of African Business Angel Network (ABAN), founder of TVCLabs, active investor and startup mentor across Africa Wikipedia.
Biola Alabi
Media entrepreneur and angel investor; limited partner in funds that back startups like Trove Technologies and ChekkitWikipedia.
11. Other Notable Players
- Novastar Ventures: Invests regionally across Fintech, logistics, healthtech, with early investments in Nigeria and East Africa .
- Pacer Ventures: Focused on Pre‑seed investments in health, education, agritech. Operates in Lagos and South Africa with a $3M fund Wikipedia.
- Growth Capital by CcHub (formerly CcHub): Nigeria’s leading innovation hub offering funding and incubation support for social tech ventures via partners like Omidyar and Bank of Industry Wikipedia.
Why Lagos Is Seen as Africa’s Startup Hub
Lagos drives 80% of Nigeria’s fastest-growing startups and hosts an active angel and VC ecosystem. With fintech titans like Paystack, Flutterwave, PalmPay, and Moniepoint raising large rounds, Lagos remains the on-ramp to scale for African entrepreneurs Reuters+5ft.com+5Nairametrics+5.
While infrastructure and declining deal flow present challenges, investors continue to believe in Nigeria’s digital potential.
How to Appeal to These Investors 🚀
- Have a clear problem/solution with scalable impact
- Show traction or user growth with metrics and projections
- Use proper documentation—share financials or create sample branded invoices to display structure
- Lean into mentorship opportunities—many investors offer value beyond capital
- Build personal credibility—submit pitch decks to angel networks or accelerator programs
And if your early revenue comes from paid clients or pilots, use ProInvoice to generate professional invoices, track payments, and demonstrate business discipline from day one.
Conclusion
Nigeria’s startup investment ecosystem is more mature in 2025 than ever before. With active VC firms like Ventures Platform, Microtraction, GreenHouse, and Future Africa, and angel backers like Olugbenga Agboola, Soyombo, Aboyeji, and Davies, there’s opportunity for startups solving real problems.
Your edge as a founder? Clear vision, trackable metrics, and professionalism—internally and externally. That includes invoicing payments and keeping financial records tidy. Platforms like ProInvoice make that simple for new entrepreneurs.
