Nigeria’s tech industry has become one of the fastest-growing in Africa, producing innovative startups that solve real problems and create jobs for thousands of young people.
From fintech companies transforming how people move money to health and logistics platforms enhancing everyday life, Nigerian founders are demonstrating that local ideas can have a global impact.
But behind every successful startup is a group of investors who believe early, take risks, and provide the support that turns ideas into real businesses.
These investors don’t just bring money; they also bring mentorship, experience, and global connections that help founders scale faster and operate more effectively.
Here are 10 venture capital Powering Nigeria’s Tech Boom:
1. Ventures Platform
Ventures Platform stands as one of Nigeria’s most active early-stage investors, deploying smart capital into startups redefining Africa’s digital economy. With investments in Moniepoint, SeamlessHR, and PiggyVest, the firm backs mission-driven founders tackling systemic problems. Its recently announced $64 million fund reaffirms its confidence in Africa’s long-term tech potential.
With over $300 million in assets under management, TLcom Capital is a cornerstone investor in African technology. The firm focuses on scalable, data-driven businesses across fintech, logistics, and edtech, with Nigerian startups like Twiga Foods, FairMoney, and Andela benefiting from its deep market insight and global network.
3. Ingressive Capital
Ingressive Capital is a seed-stage powerhouse dedicated to unlocking Africa’s internet economy. Led by Maya Horgan Famodu, the firm writes early cheques to founders disrupting traditional industries with tech-enabled solutions. Its Fund II, valued at $50 million, positions it to back more promising Nigerian startups in their formative stages.
4. Microtraction
As one of the first believers in Nigeria’s emerging founders, Microtraction’s standardised pre-seed investment model has built a trusted pipeline for institutional VCs. The firm has backed rising stars like Cowrywise and 54gene, providing early funding and strategic mentorship that help startups scale sustainably.
5. Future Africa
Founded by Iyinoluwa Aboyeji, Future Africa blends venture capital with a builder’s mindset. Its model allows individual investors to co-invest alongside the firm, democratizing access to early-stage innovation. The firm has backed influential Nigerian startups such as Releaf, Payday, and Eden Life, playing a key role in nurturing the country’s next generation of tech entrepreneurs.
6. Flourish Ventures
A global impact-oriented venture firm, Flourish Ventures invests in entrepreneurs developing financial innovations that advance economic opportunity. With notable Nigerian portfolio companies like FairMoney and Paga, Flourish is committed to driving inclusion and resilience across Africa’s fintech landscape.
7. LoftyInc Capital Management
LoftyInc Capital, through its Afropreneurs Funds, continues to back tech-driven solutions in Nigeria and across the continent. With early bets on Flutterwave and Andela, LoftyInc has solidified its reputation as a consistent early backer of disruptive technology and scalable African businesses.
8. TLP Advisory
Operating at the intersection of venture capital and legal advisory, TLP Advisory has become a trusted partner for Nigerian founders and investors alike. The firm supports startups with compliance, fundraising, and corporate structuring, essential foundations for scaling in Africa’s complex regulatory landscape.
9. Verod Kepple Africa Ventures (VKAV)
Verod Kepple Africa Ventures is a growth-stage fund that combines Verod’s West African presence with Kepple Africa Ventures’ pan-African reach. VKAV targets Series A to growth-stage startups addressing inefficiencies in sectors such as logistics, renewable energy, and commerce, bridging the gap between African innovation and global capital.
10. Local Ecosystem Players:
Nigeria’s ecosystem strength also lies in collaborative local partnerships like the ARM Labs Lagos Techstars Accelerator. Backed by ARM, one of Nigeria’s leading investment firms, this accelerator provides mentorship, funding, and global exposure for early-stage startups. It represents the growing synergy between traditional finance and tech-driven entrepreneurship in Nigeria.