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Startup List
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Updated Feb 16, 2026

Top Funded Nigeria Startups of 2020

Ranked by total funding announced in 2020 (USD).

S
Curated by StartupList Africa
Total Funding
$271M
Avg Valuation
$0
Companies
25
Investors
274

Market Map

25 companies in this list

RankCompanyHQ LocationStageLast RoundTotal FundingBackers
1
Flutterwave
FlutterwaveThe easiest way to make and accept payments from customers anywhere in the world.
Lekki, NigeriaLate Stage VentureFebruary 2022$35M39
2
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$35M7
3
InfraCredit
InfraCreditInfraCredit is a Nigerian startup which guarantees the credit quality of debt instruments issued to finance infrastructure assets in Nigeria.
Lagos, NigeriaFunding RoundDecember 2020$27M1
4
Accelerex
AccelerexGlobal Accelerex Limited is a FinTech company focused on delivering digital payment solutions and services to customers sub-Saharan African region.
Ikeja, NigeriaPrivate EquityOctober 2020$20M1
5
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$16M18
6
Bitfxt
BitfxtBitfxt is the easiest place to buy and sell digital currencies like bitcoin and ethereum.
Lekki, NigeriaVentureFebruary 2020$15M1
7
Africa Health Holdings Limited
Africa Health Holdings LimitedAfrica Health Holdings Limited is building a high quality, effective and sustainable healthcare system for Africa.
Lagos, NigeriaConvertible NoteMay 2022$14M10
8
TradeDepot
TradeDepotTradeDepot enables manufacturers and key distributors keep their brands in stock on the shelves of millions of retail stores across Africa.
Oregun, NigeriaEarly Stage VentureDecember 2021$10M9
9
Kuda Bank
Kuda BankKuda Bank is designed for your smartphone, free of ridiculous charges and great at helping you budget, spend smartly and save more.
Lagos, NigeriaEarly Stage VentureAugust 2021$10M14
10
Helium Health
Helium HealthHelium Health is accelerating Africa's transition to a technology and data-driven healthcare system
Lagos, NigeriaEarly Stage VentureJune 2023$10M27
11
Aella Credit
Aella CreditAella Credit provides instant credit solutions to africans.
Oniru Estate, NigeriaDebt FinancingFebruary 2020$10M11
12
Moniepoint
MoniepointMoniepoint provides a seamless platform to accept payments digitally, receive credit and access business management tools.
Lagos, NigeriaLate Stage VentureOctober 2025$10M23
13
JET Motor Company
JET Motor CompanyJET Motor Company is a Nigerian auto-manufacturer that designs and builds vehicles for African roads.
Lagos, NigeriaVentureMarch 2020$9M1
14
Nithio
NithioNithio is a venture-backed energy finance platform that provides services to stakeholders in the distributed solar sector in Africa.
Lagos, NigeriaDebt FinancingJanuary 2024$7M5
15
RelianceHMO
RelianceHMOReliance HMO provides Health Insurance in Nigeria for You, Family & Business.
Lagos, NigeriaEarly Stage VentureFebruary 2022$6M12
16
Alerzo
AlerzoAlerzo is a B2B e-commerce retail startup based in Ibadan, Nigeria.
Lagos, NigeriaEarly Stage VentureAugust 2021$6M4
17
Husk Power Systems
Husk Power SystemsHusk Power Systems provides reliable power to rural communities and businesses, entirely from renewable energy sources
Abuja, NigeriaDebt FinancingMay 2025$5M16
18
Tomato Jos
Tomato JosTomato Jos is Empowering farmers through education, logistics and access to markets.
Keffi, NigeriaEarly Stage VentureMay 2020$5M4
19
Daystar Power
Daystar PowerSolar power and Energy efficiency solutions for businesses
Ilupeju, NigeriaDebt FinancingJuly 2021$4M10
20
Field
FieldField is a Healthtech supply chain company that accelerates emerging therapies and health technologies across the continent
Abuja, NigeriaGrantSeptember 2024$4M7
21
Field Intelligence
Field IntelligenceField Intelligence creates products and services that are easy to use, effective, and scalable.
Abuja, NigeriaEarly Stage VentureMarch 2020$4M4
22
Autochek
AutochekAutochek Africa is a Nigerian Automotive Technology startup that builds solutions aimed at enabling commerce within the automotive sector.
Lagos, NigeriaSeedOctober 2021$3M11
23
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$3M10
24
HealthLane
HealthLaneHealthlane is the most convenient way to get quality and affordable healthcare in Africa.
Ikoyi, NigeriaGrantSeptember 2022$3M13
25
RxAll
RxAllRxAll is a multiple-award winning deep learning-hyperspectral IoT platform for authenticating drugs in real time.
Lagos, NigeriaGrantApril 2025$2M16

Showing 25 of 25 companies