Number of Investment Vehicles launched
- Average Deal Size
Nigeria accounts for 18 percent of all start-ups to raise funding Africa-wide, with 29 start-ups successfully raising funds. This represents a 53 percent increase from 2016, when 19 Nigerian ventures received investment, but is a slight decrease from 30 ventures receiving investment in 2015.
Nigerian start-ups raised a total of US $23.3 million in 2017, representing 12 percent of the total funds raised in Africa. The average investment size decreased by 67 percent to US $805,000 from US $2.4 million in 2016. Between 2015 and 2016, the average deal size increased by 40 percent from US $1.6 million. In 2017, the increase in the number of start-ups fundraising and the steep decrease in average ticket size is a promising sign for funding available for early-stage ventures .