Nigeria has emerged as a vibrant hub for entrepreneurship and innovation in Africa, attracting significant attention from venture capital firms. These firms play a crucial role in providing the necessary funding and support to startups and growing businesses across various sectors. This article explores the most active venture capital firms in Nigeria, highlighting their investments, exits, key areas of focus, and the impact they have on the country's rapidly evolving business landscape.

LoftyInc Capital Management

• 🏦 HQ: Lagos

• 👨‍💻👩‍💻 Leadership: Idris Bello, Michael Oluwagbemi, Marsha Wulff

• 🔢 Number of Investments: 200-250

• 💲Total Capital Deployed: $24 million

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Moove, Flutterwave, Andela

Future Africa

• 🏦 HQ: Lagos

• 👨‍💻👩‍💻 Leadership: Iyinoluwa Aboyeji, Mia von Koschitzky-Kimani

• 🔢 Number of Investments: 100-150

• 💲Total Capital Deployed: +$10 million

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Moove, Flutterwave, Releaf

Ventures Platform

• 🏦 HQ: Karmo District, Abuja

• 👨‍💻👩‍💻 Leadership: Dotun Olowoporoku, Kola Aina

• 🔢 Number of Investments: 50-100

• 💲Follow-on capital: +$1 Billion

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Brass, Send, Piggyvest
  

Microtraction

• 🏦 HQ: Lagos

• 👨‍💻👩‍💻 Leadership: Yele Bademosi, Kwamena Afful, Sayo Folawiyo

• 🔢 Number of Investments: 50-100

• 💲Average ticket: $100K

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: ARK Frontier, Gwala, Oval

Ingressive Capital

• 🏦 HQ: Lagos

• 👨‍💻👩‍💻 Leadership: Maya Horgan Famodu

• 🔢 Number of Investments: 50-100

• 🎯 Target Stage: Pre-seed, Seed

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Paystack, Carry1st, Bamboo

Voltron Capital

• 🏦 HQ: Lagos

• 👨‍💻👩‍💻 Leadership: Abraham Choi, Olumide Soyombo

• 🔢 Number of Investments: 50-100

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Mecho Autotech, Traction Apps, Earnipay

Consonance Investment Managers

• 🏦 HQ: Ikoyi, Lagos

• 👨‍💻👩‍💻 Leadership: Mobolaji Adeoye

• 🔢Number of Investments: 1-50

• 💰️ Number of Exits: 1-10

• 💲Market Valuation of Portfolio Companies: +500 million

• 👜 Notable Portfolio companies: EMTECH, Releaf, Sugar

GreenHouse Capital

• 🏦 HQ: Ikeja, Lagos

• 👨‍💻👩‍💻 Leadership: Bunmi Akinyemiju, Kunmi Demuren, Ruby Nimkar

• 🔢 Number of Investments: 1-50

• 💲Average Check: $250K

• 👜 Notable Portfolio companies: NowMoney, Pezesha

EchoVC Partners

• 🏦 HQ: Lagos

• 👨‍💻👩‍💻 Leadership: Eghosa Omoigui

• 🔢 Number of Investments: 1-50

• 💲Capital Deployed: $41 million

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Gro Intelligence, Lori Systems, Frontier Car Group

Aruwa Capital

• 🏦 HQ: Ikoyi, Lagos

• 👨‍💻👩‍💻 Leadership: Adesuwa Okunbo Rhodes

• 🔢 Number of Investments: 1-50

• 👜 Notable Portfolio companies: Pngme, Lifestores Pharmacy, MDaaS Global

Atlantica Ventures

• 🏦 HQ: Lagos

• 👨‍💻👩‍💻 Leadership: Anikó Szigetvári, Ik Kanu

• 🔢 Number of Investments: 1-50

• 👜 Notable Portfolio companies: Sendy, Sendmarc, OnePipe

Timon Capital

• 🏦 HQ: Lagos

• 👨‍💻👩‍💻 Leadership: Chris Muscarella, Nikos Katsaounis

• 🔢 Number of Investments: 1-50

• 👜 Notable Portfolio companies: Lori Systems, Wasoko, Shara

Oui Capital

• 🏦 HQ: Lagos

• 👨‍💻👩‍💻 Leadership: Olu Oyinsan

• 🔢 Number of Investments: 1-50

• 👜 Notable Portfolio companies: Duplo, Maad, AMOpportunities

V8 Capital

• 🏦 HQ: Lagos

• 👨‍💻👩‍💻 Leadership: Tobi Oke

• 🔢 Number of Investments: 1-50

• 👜 Notable Portfolio companies: MarketForce, Appzone

Chrysalis Capital

• 🏦 HQ: Lagos

• 👨‍💻👩‍💻 Leadership: Nichole Yembra

• 🔢 Number of Investments: 1-50

• 👜 Notable Portfolio companies: Bamboo, Helium Health, Bankly

Verod-Kepple Africa Ventures (VKAV)

• 🏦 HQ: Ikoyi, Lagos

• 👨‍💻👩‍💻 Leadership: Satoshi Shinada, Ory Okolloh, Ryosuke Yamawaki

• 🔢 Number of Investments: 1-50

• 👜 Notable Portfolio companies: Chari, Moove

In conclusion, Nigeria stands out as a dynamic center for entrepreneurship and innovation in Africa, significantly bolstered by the active participation of venture capital firms. These firms, including LoftyInc Capital Management, Future Africa, Ventures Platform, and several others, are pivotal in providing essential funding and support to startups across various sectors. Their investments have not only propelled individual companies like Flutterwave, Moove, and Andela to success but have also contributed to the broader growth and transformation of Nigeria's business ecosystem. The commitment of these venture capital firms highlights their crucial role in shaping the future of Nigeria's economy, fostering a robust environment for innovation, and driving sustainable development in the region. As these firms continue to nurture and invest in emerging businesses, Nigeria's position as a leading hub for entrepreneurial activity in Africa is set to strengthen further.