Despite the harsh economic conditions of last year due to the covid-19 pandemic and the resulting lockdown, African start-ups were still able to raise a substantial amount of venture capital.
According to the latest WeeTracker venture capital report for 2020, African start-ups raised $727.27million from 478 Venture Capital deals in 2020. Not surprisingly, Nigeria tops the list like previous years.
However, the road to raising funding, or accessing other required support for Nigerian startups is neither straightforward nor easy.
To help ease this challenge, Stanbic IBTC Founder Institute Lagos recently released the updated Lagos Ecosystem Canvas Resources List – a repository of over 500 startup ecosystem players in Lagos State, Nigeria’s economic and technology capital.