Nigerian startups have become a force to reckon with as they continue to churn out innovative solutions that attract the attention of investors.
And with each investment yielding as much as expected returns. Doors are being opened for more funding for both the old and new innovators.
This was why even amidst the global economic headwinds that saw several big tech companies laying off workers. Here are the top 5 most funded Nigerian startups in 2023 that raised $280 million from investors.
Top 5 most funded Nigerian startups in 2023
| S/N | Startup | Sector | Round | Amount | Lead investor | Other investors |
| 1 | Husk Power | CleanTech | Series D | $103,000,000.00 | STOA Infra & Energy | US International Development Finance Corporation (DFC), Proparco, Shell Ventures, Swedfund, FMO |
| 2 | Moove | Mobility FinTech | Undisclosed | $76,000,000.00 | Mubadala Investment Company | |
| 3 | Sabi | e-Commerce | Series B | $38,000,000.00 | Norrsken22, | CommerzVentures, Fluent Ventures, Proof VC |
| 4 | LemFi | FinTech | Series A | $33,000,000.00 | Left Lane Capital | Y Combinator, Zrosk, Global Founders Capital, and Olive Tree |
| 5 | Nomba | FinTech | pre-series B | $30,000,000.00 | Base10 Partners | Helios Digital Ventures, Shopify, Partech and Khosla Ventures. |
