It’s possible that investing will be difficult because more often it is related to putting in extra effort to avoid hitting rock bottom.
During their first year, some startups may find operation difficult, owing to a lack of fund. The lengthy, arduous, but fascinating path from concept to revenue-generating startup necessitates the use of cash as a propellant.
Nigeria has been one of the leading countries in the African startup scene in terms of fundraising, yet the funding gap still exists for a significant number of Nigerian startup founders.
Are you looking for a place to raise money in Nigeria? Here are the top 7 fully functioning early-stage startup investment and venture capital firms, in no particular order.
Venture Platform
Ventures Platform is a seed-stage development fund that helps post-A minimum viable product (MVP) teams scale their businesses.
Ventures Platform supports Africa’s most daring entrepreneurs and assists them to build outstanding businesses around their innovations.
Kola Aina, an active angel investor, and business coach, launched Venture Platform. MobileForms, GeroCare, Accounteer, Jalo, PiggyBank, Wesabi, and others are among the prominent Nigerian firms in Ventures Platform’s network.
Also read, Top 6 Angel Investors in Africa
SPARK Capital
SPARK is a firm that creates businesses. SPARK offers early-stage finance and assistance for entrepreneurs with clear and scalable revenue models, with a concentration on Lagos, Nigeria.
The firm, which was founded by IrokoTV’s Jason Njoku, now has over 9 firms in its portfolio, including Hotels NG, Paystack, OgaVenue, Drinks NG, Medsafe, and others.
Growth Capital Fund
CCHub’s Growth Capital Fund is Nigeria’s first social innovation fund, intended at providing outliers driving social change in Nigeria with an unparalleled path to growth.
GC-Fund invests in high-potential, early-stage companies that are harnessing technology to construct our next-generation infrastructure. CCHub, Omidyar Network, Bank Of Industry, and Venture Garden Group are among the GC investors.
Also read, Review: Angel Investors in Nigeria
Nigeria’s LeadPath
LeadPath Nigeria is a seed capital fund that focuses on delivering short, medium, and long-term finance to small and medium-sized start-up enterprises in high-growth technological fields such as software, web, and mobile technologies.
LeadPath invests in tech entrepreneurs who are tackling real-world challenges. The funds’ average seed investment runs from $25,000 to $100,000.00, with follow-on fundraising series ranging in the millions of dollars.
GreenTree Investment Company
GreenTree Investment Company is a venture capital firm that provides finance to businesses, assists them in establishing “a bulletproof corporate governance structure,” and provides simplified financial planning and legal guidance, among other services.
Since its inception in 2014, the company has invested in a number of startups, the most famous of which are Paystack, Precurio, and Big Cabal Media.
GreenHouse Capital
GreenHouse Capital, which was established in January 2016 by Venture Garden Group, is a self-governing investment firm with the goal of becoming Africa’s largest Fintech investment holding company through direct investments in African technology organizations that offer and disintegrate banking services.
GreenHouse Capital has invested in a number of well-known Nigerian firms, including Flutterwave, and Max.NG, Rensource, Riby, and TalentBase.
Lagos Angel Network (LAN)
The Lagos Angel Network is Nigeria’s main angel network and one of Africa’s most active. It is a Lagos-based network of business angels that invests in early-stage enterprises and provides mentoring.
LAN, which was founded in 2014, is Nigeria’s first members-only network dedicated to financing early-stage and start-up enterprises. LAN members have invested in over a dozen Lagos companies since its inception.
Don’t miss important articles during the week. Subscribe to techbuild.africa weekly digest for updates.
