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Startup List
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Updated Feb 16, 2026

Top Funded Nigeria Startups of 2019

Ranked by total funding announced in 2019 (USD).

S
Curated by StartupList Africa
Total Funding
$726M
Avg Valuation
$0
Companies
25
Investors
272

Market Map

25 companies in this list

RankCompanyHQ LocationStageLast RoundTotal FundingBackers
1
OPay
OPayOPay empowers users and enables them to accomplish more with their money by providing smart financial services.
Ikeja, NigeriaSeries CAugust 2021$170M13
2
Andela
AndelaAndela is an engineering-as-a-service business that helps companies build remote teams quickly and cost-effectively.
Ilupeju, NigeriaLate Stage VentureSeptember 2021$100M38
3
Lumos
LumosLumos is a Clean Energy company and a leading provider of high-quality solar home systems that is revolutionising the African market.
Victoria Island, NigeriaDebt FinancingSeptember 2020$87M7
4
Jumia
JumiaJumia Group is an e-commerce ecosystem that provides innovative, convenient, and affordable online goods and services to consumers.
Lagos, NigeriaCorporateApril 2019$56M10
5
CarePay
CarePayRevolutionizing healthcare in Nigeria with mobile technology.
Lagos, NigeriaGrantJuly 2019$45M3
6
PalmPay
PalmPayPalmPay is a simple and secure payment app that give rewards.
Lagos, NigeriaEarly Stage VentureAugust 2021$40M8
7
Kobo360
Kobo360Kobo360, is a privately owned, pan-african technology company disrupting and leading African third-party logistics industry.
Lagos, NigeriaDebt FinancingAugust 2019$30M12
8
Daystar Power
Daystar PowerSolar power and Energy efficiency solutions for businesses
Ilupeju, NigeriaDebt FinancingJuly 2021$27M10
9
Azuri Technologies
Azuri TechnologiesAzuri is a leading commercial provider of PayGo Solar Home Systems for rural off-grid homes.
Abuja, NigeriaCorporateJune 2019$26M5
10
Jiji
JijiJiji is an online marketplace that enables buyers and sellers to meet and exchange goods and services.
Lagos, NigeriaLate Stage VentureDecember 2019$21M2
11
Rensource Energy
Rensource EnergyRensource allows qualifying companies throughout Nigeria and West Africa to start selling Power-as-a-Service (PaaS) to their customers.
Victoria Island, NigeriaVentureJanuary 2020$20M10
12
Boomplay
BoomplayBoomplay Music is a leading music streaming and download service in Africa.
Lagos, NigeriaEarly Stage VentureApril 2019$20M2
13
Gokada
GokadaGokada is a mobile application software for motorcycle and taxi that revolutionizes the way people move around the cities.
Yaba, NigeriaVentureJune 2019$12M5
14
Starsight Energy
Starsight EnergyStarsight Energy is a Nigerian independent energy efficiency startup delivering sustainable solar power and cooling services.
Ikoyi, NigeriaEarly Stage VentureMarch 2026$10M5
15
ARNERGY
ARNERGYArnergy is a distributed utility leveraging on internet of things (IOT) in providing reliable solar power for businesses in emerging markets
Lagos, NigeriaEarly Stage VentureApril 2025$9M8
16
Moniepoint
MoniepointMoniepoint provides a seamless platform to accept payments digitally, receive credit and access business management tools.
Lagos, NigeriaLate Stage VentureOctober 2025$8M23
17
MAX.NG
MAX.NGMAX (Metro Africa Express) is on a mission to fix Africa’s notorious last-mile delivery and online-retail problems.
Lagos, NigeriaEarly Stage VentureJanuary 2026$7M16
18
TeamApt
TeamAptTeamApt is using technology to facilitate financial happiness for Africans
Lekki, NigeriaEarly Stage VentureAugust 2022$6M11
19
Moove
MooveMoove is a Nigerian mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs across Africa.
Lagos, NigeriaEarly Stage VentureMarch 2024$5M26
20
Kudi
KudiKudi is making financial services accessible and affordable for all Africans.
Lagos, NigeriaEarly Stage VentureMay 2023$5M8
21
Carbon
CarbonCarbon ignites personal growth through financial innovation
Lagos, NigeriaDebt FinancingMarch 2019$5M3
22
Gidanka
GidankaGidanka is on a mission to change the face and experience of hospitality across African cityscapes.
Abuja, NigeriaSeedAugust 2019$5M1
23
54Gene
54Gene54gene addresses the significant gap in the global genomics market; Nearly 90% of genetic material used in pharmaceutical research is Caucasian.
Lekki, NigeriaEarly Stage VentureSeptember 2021$5M18
24
Smile Identity
Smile IdentitySmile Identity is an Africa-focused Identity Management that provides the best Africa-focused solutions.
Lagos, NigeriaCorporateSeptember 2025$4M22
25
uLesson
uLessonAt uLesson, we are building an app to help African students be the very best they can be.
Jos, NigeriaEarly Stage VentureDecember 2021$3M6

Showing 25 of 25 companies