A 2025 analysis reveals over $50M in angel-backed deals as organized networks professionalize to fill the pre-seed void, but a total lack of exits poses a long-term threat.
For years, Nigerian startup founders have built their business models around the assumption of a growing middle class. That assumption is now under siege.
The funding landscape remains heavily influenced by foreign investors, particularly from the United States and Europe, who accounted for nearly 70% of the total investment activity.
A 2025 analysis reveals over $50M in angel-backed deals as organized networks professionalize to fill the pre-seed void, but a total lack of exits poses a long-term threat.
A mix of established mini-grid operators, a family-run business, and a media giant's new energy venture are among the first to receive funding to build hundreds of solar mini-grids across Nigeria.
