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Funding
Startup funding, investments, and deals
Nigerian startup closes Africa's largest seed round at $52 million
Terra Industries raised an additional $18 million, extending its seed round to $52 million and paving the way for a London office and scaled manufacturing.
Jumia raises $50 million from World Bank arm and Axian to expand African e-commerce
IFC anchors the round with $25 million, with Axian and other investors providing the rest. Funds target logistics, JumiaPay, and core-market growth.
Moove hits $2.1 billion valuation, becomes Africa's newest unicorn
Nigeria-founded mobility fintech Moove raised $250 million in Series C funding at a $2.1 billion valuation, becoming the continent's latest unicorn.
Google Play Opens $1 Million Fund to Support African Game Studios
Google Play is investing in Africa's gaming industry through a new $1 million fund designed to help independent studios build bigger games and reach more players around the world. Selected developers will receive funding, mentorship, and technical support without giving up ownership.
Top Grants and Funding for Nigerian Founders in April 2026
If you are a founder, student, or business owner in Nigeria, right now is a "golden window" to get funding that you don't have to pay back.
Project BRIDGE Is Bringing High-Speed Internet to Every Corner of Nigeria
Last week, Nigeria’s digital future got a major boost. The African Development Bank (AfDB) approved a $200 million investment to help build the infrastructure needed to get the country truly connected.
Investors are looking to Invest #1.8 million in Niger Delta
For years, startup funding in Nigeria has had one address: Lagos. But something is shifting quietly in the Niger Delta, and the founders building there are no longer waiting to be noticed.
Terra Industries: A Port Harcourt-born defense tech company, Raises $11.75M
Terra Industries, a defense-tech startup that began its journey in Port Harcourt, has secured $11.75 million in funding led by 8VC’s Joe Lonsdale, marking one of the biggest bets yet on African-built autonomous and drone technology.
SORA Technology Raises $2.5M to Scale AI-Powered Malaria Fight Across Africa
Japanese healthtech startup brings total funding to $7.3 million as it expands drone-based disease control in Nigeria and 14 other African countries