After leading the continent with record inflows in 2021, the country has now slipped from its VC throne, raising barely half of its previous haul and tumbling to fourth place in 2024 among Africa’s ‘Big Four’ startup hubs.
What was once a story of booming fintech rounds and unicorn dreams has turned into one of belt-tightening, delayed raises, and anxious founders battling to keep the lights on.
Back in
Nigeria, once the crown jewel of Africa’s venture capital landscape, is now weathering its steepest funding drought in half a decade.
After leading the continent with record inflows in 2021, the country has now slipped from its VC throne, raising barely half of its previous haul and tumbling to fourth place in 2024 among Africa’s ‘Big Four’ startup hubs.
What was once a story of booming fintech rounds and unicorn dreams has turned into one of belt-tightening, delayed raises, and anxious founders battling to keep the lights on.
Back in
