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Top 25 Automotive Startup Investors in Nigeria

Last updated: Apr 2024 A list of 25 angel investors and VC funds that invest in Automotive startups based in Nigeria. We rank investors based on the number of investments they made in Automotive companies from Nigeria. We update this investor list every month.

Top 25 Automotive Startup Investors in Nigeria

Investor	Automotive Nigeria investments
Ventures Platform	3
Golden Palm Investments	2
Global Brain Corporation	2
Lateral Frontiers	2
Ingressive Capital	2
TLcom Capital Partners	2
4DX Ventures	2
Hoak & Co.	1
Musha Ventures	1
New Enterprise Associates	1
Tekedia Capital	1
MSA Capital	1
Balderton Capital	1
Silver Squid	1
Kepple Africa Ventures	1
Frontier Car Group	1
Mobility 54	1
Ndubuisi Ekekwe	1
UNCOVERED FUND	1
Enza Capital	1
Cathexis Ventures	1
V8 Capital Partners	1
EchoVC Partners	1
Future Africa	1
TPG Growth	1

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Investor list

We back founders building the future of Africa. We invest in companies that solve for non-consumption, plug infrastructural gaps and democratise prosperity in Africa, by eliminating the barriers for access and reducing the costs of delivering goods and services.

Investment focus

Financial Services, FinTech, Internet
Seed, Pre-Seed, Funding Round
Nigeria, United States, Kenya

Portfolio highlights

Lengo — Lengo is an AI based intelligence platform that offers a large database on consumer goods for companies in the FMCG sector.
Shekel Mobility — B2B marketplace for auto dealers to grow their dealerships leveraging on flexible inventory financing and management solutions. Available on web and mobile.
Mecho — Mecho is an on-demand auto repair and maintenance platform for individuals and businesses in Africa.

Golden Palm Investments is an investment holding and advisory company.

Investment focus

Information Technology, FinTech, Logistics
Seed, Series A, Pre-Seed
Nigeria, Egypt, Kenya

Portfolio highlights

Sabipay — Pastel is a leader in Artificial Intelligence. We build products targeted at individuals (SwiftMoney) and enterprises (Sigma) in emerging markets
Maplerad — Maplerad is a fast, safe and easy way to send and receive money with friends, family or others you trust. You can receive and send money directly into any Nigerian bank account in minutes using Bitcoin, US Dollars, and Naira.
Jetstream Africa — Jetstream is a supply chain platform that powers freight forwarding and global exports for African suppliers. With tracking and consolidated (LCL) shipping Jetstream levels the playing field for access to international trade for African SMEs with the click of a button.

Global Brain Corporation is a venture capital firm that invests in companies from seed or early to pre-IPO startups. Global Brain has invested in 300+ startups from seed/early to pre-IPO startups and achieved 25 IPOs and 61 M&As as a result of providing hands-on support services and resources to its portfolio startups. Global Brain hasmanaged a pure investment fund as well as multiple corporate venture capital funds partnered together with tier 1 public companies of telecom, real estate development, financial service, beverages, agriculture food, logistics, and electronic devices.

Investment focus

Information Technology, Software, Artificial Intelligence
Series A, Series B, Funding Round
Japan, United States, United Kingdom

Portfolio highlights

Miresso — Miresso is a startup firm that offers nuclear fusion power generation services through natural resources.
Ac-Planta — Ac-Planta provides research, development, manufacture, and sales of agrochemicals.
Lx Design — Lx Design is an application that connects schools with people who wants to work as a teacher.

Lakeland Dental Offers Family Dentistry, Teeth Whitening, Tooth Fillings, Dental Crowns, & Dental Implants. Call Us In Staples, Clarissa, Or Long Prairie, MN

Investment focus

FinTech, Financial Services, Software
Seed, Series A, Pre-Seed
United States, Nigeria, Kenya

Portfolio highlights

CNote — CNote created technology to streamline community-centered impact investing at scale. Further Racial Equity and Social Justice by investing with CNote.
Rhaeos — Rhaeos, the world's first wearable shunt monitor, aims to improve the quality care for patients with hydrocephalus through a novel, thermal biosensor. Developed within Northwestern University with collaboration between Dr. John Rogers, McCormick School of Engineering, Feinberg School of Medicine and Kellogg School of Management, Rhaeosrepresents a unique multidisciplinary translational effort for an important clinical need.
Masa — Masa Finance seeks to disrupt traditional centralized credit infrastructure by providing individuals, businesses, and developers with the tools to access credit and enable untapped wealth creation for 4.95B people globally.

Ingressive Capital they provide services in business development, partnerships, and financial support.

Investment focus

Financial Services, FinTech, Information Technology
Pre-Seed, Seed, Series A
Nigeria, United States, Ghana

Portfolio highlights

Gamp — Gamp is an IT services provider that offers device protection plans and repair support for tech users and businesses.
54gene — 54gene is a healthcare startup unlocking the African genome to fuel genetic research and development that may lead to new discoveries and benefit all populations.54gene was founded in 2019 by Dr. Abasi Ene-Obong to address the significant gap in the global genomics market: Nearly 90% of genetic material used in pharmaceutical research iscaucasian. Only 2% is African, despite the fact that Africans and people of African ancestry are more genetically diverse than all other world populations combined. As a result, pharmaceutical research and development is lacking the diverse data that may hold the key to medical discoveries and new healthcare solutions.
Subsbase — Discover the future of recurring revenue management with Subsbase. Streamline your operations, boost growth, and elevate customer experiences with our cutting-edge platform.

TLcom Capital, is an Africa focused tech VC, with offices in Lagos, Nairobi and London. TLcom had been investing since 1999 in Tech, Media, Mobil and Internet companies across Europe, US and Africa, which is the exclusive focus of its most recent TLcom TIDE Africa funds. TLcom manages total commitments of approximately 300 million USD in thesesectors via a series of dedicated investment vehicles. Our investment strategy is to identify, back and assist world class entrepreneurs and management teams with disruptive technologies and business models, compelling intellectual property and deep market knowledge. We primarily target companies focused on Africa as a prime market, in the following investment themes: Access to Data Service; Financial Services; eCommerce; B2C applications (including but not limited to: health, education, energy, media and entertainment); and Software solutions to corporates and SMEs.

Investment focus

Software, Mobile, Information Technology
Series A, Funding Round, Series B
Nigeria, United States, United Kingdom

Portfolio highlights

Talstack — Talstack is an all-in-one platform for employee growth and development
Zone — Zone is a regulated blockchain network that enables payments and acceptance of digital currencies.
Terragon Group — Terragon is a leading Data and Marketing Technology company that uses data and analytics to help companies focused in Africa, intelligently connect at scale to their customers. We use an aggregation of online and offline data, and predictive scoring to help brands, marketing agencies and platforms accurately target people across channels anddevices. Headquartered in Lagos; Nigeria, we also have a presence in Kenya, South Africa, Ghana and India.

4DX Ventures is a Pan-Africa Focused Venture Capital Firm. Our mission is to connect people, ideas, and capital to create a vibrant African community.

Investment focus

FinTech, Information Technology, Financial Services
Seed, Series A, Pre-Seed
Egypt, United States, Kenya

Portfolio highlights

MAKA — MAKA is a community commerce platform for fashion and beauty, enabling everyone to discover their style, feel represented.
Hohm Energy — We make the process of going solar simple. Generate your free, custom solar proposal and get matched with an accredited solar provider in under 5 mins.
Zoie Health — Zoie is a digital health firm for women that provides family planning, fertility, and maternity care services.

Hoak & Co. is a holding company that seeks to invest its capital in public and private securities as well as with other funds and investment vehicles. The firm's objective is to achieve superior investment returns through long-term capital appreciation created primarily through investments in management buyouts, growth capital, industryconsolidations, recapitalizations, private equity placements, and other public or private equity-related securities.

Investment focus

Automotive, Auto Insurance, Internet of Things
Seed
Nigeria

Portfolio highlights

Mecho — Mecho is an on-demand auto repair and maintenance platform for individuals and businesses in Africa.

Seed capital for technology startups globally.

Investment focus

Financial Services, Software, FinTech
Seed, Pre-Seed, Series A
United States, Nigeria, Kenya

Portfolio highlights

Terraa — Terraa is a B2B distribution platform in Moroccan.
Hohm Energy — We make the process of going solar simple. Generate your free, custom solar proposal and get matched with an accredited solar provider in under 5 mins.
Revivo — Revivo is an online marketplace for electronics spare parts, tools & accessories.

Foundational partners to ambitious founders at every stage of company-building.

Investment focus

Software, Health Care, Biotechnology
Series B, Series A, Series C
United States, India, China

Portfolio highlights

Wonder — Introducing a new kind of home dining experience. Currently available in areas of New Jersey.
Foundry — Elastic cloud infrastructure built for machine learning.
Avenzo Therapeutics — Developing the next generation of oncology therapies for patients.

Tekedia Capital is an investment firm.

Investment focus

Information Technology, FinTech, E-Commerce
Pre-Seed, Seed, Angel
Nigeria, United States

Portfolio highlights

Byte — Byte is on a mission to accelerate commerce in Africa. With our suite of products we are able to give business owners the freedom to start, operate and scale any venture in Africa.
Bitmama — Bitmama is the best cryptocurrency trading platform that lets you buy, sell Bitcoin, ETH, Celo, USDT, XRP, and more. Available in Nigeria & over 100 countries.
Boundlesspay — World-class user experience that seamlessly processes local and international cryptocurrency and fiat payments for individuals and merchants, in a secure and reliable way, utilizing blockchain technology .BoundlessPay gives users easy access to decentralized finance (DEFI) and centralized finance (CEFI) services such as coin staking, lending,swapping, in-app and cross-border payments or remittances, and robust APIs for 3rd party payment processing.

MSA Capital is a global venture capital and private equity firm that invests in technology-enabled companies from seed to growth stage. The firm manages capital from the world's top sovereign wealth funds, international asset managers, pension funds, university endowments, fund of funds, and family offices, as well as China's leading neweconomy entrepreneurs.

Investment focus

E-Commerce, Biotechnology, Financial Services
Series A, Seed, Series B
China, United States, Egypt

Portfolio highlights

DP Technology — Deep Technology uses a new generation of molecular simulation technology to tackle micro-scale industrial design difficulties. Founded in 2018 and is based in Beijing China.
Shenji Changhua — Shenji Changhua is a biotechnology company focusing on neurological diseases such as ALS.
Yanming Biology — Pyrotech pharmaceuticals is a biotechnology company that focuses om development for drugs for the treatment of inflammation and tumors.

In the two decades since our founding, we have worked with hundreds of extraordinary European founders, and have raised eight funds totalling more than $3bn.

Investment focus

Software, FinTech, Financial Services
Series B, Series A, Series C
United Kingdom, United States, Germany

Portfolio highlights

Coro — Cloud-based cybersecurity for every part of your company. We protect email, data, cloud apps, devices, and even users. Try Coro today!
Photoroom — Create product and portrait pictures using only your phone. Remove background, change background and showcase products.
VOI Technology — VOI is a micro-mobility startup that provides electric scooters for last-mile transportation. Douglas Stark, Filip Lindvall, and Fredrik Hjelm founded it in 2018. Its headquarters is located in Stockholm in Sweden.VOI Technology is aiming to create a system of electrically powered scooters around urban centers to provide an affordable,sustainable, and exhilarating way to commute while helping people to reduce their carbon footprint and cities to have a more sustainable transportation network.

Silver Squid is A investment firm.

Investment focus

Automotive, Auto Insurance, Internet of Things
Seed
Nigeria

Portfolio highlights

Mecho — Mecho is an on-demand auto repair and maintenance platform for individuals and businesses in Africa.

Kepple Africa Ventures is an early-stage venture capital firm.

Investment focus

Financial Services, FinTech, Software
Seed, Pre-Seed, Funding Round
Nigeria, Kenya, Egypt

Portfolio highlights

Chari — Chari is an e-commerce and fintech app for traditional retailers in French-Speaking Africa allowing them to order any consumer goods they sell and get delivered for free in less than 24 hours. Chari is also a financial services provider for these retailers, offering them microloans
Intmax — INTMAX has developed significant innovations in ZK implementation making it a unique Layer2 rollup network that offers low cost, security, tunable privacy, and above all, scalability.
Carry1st — Carry1st develops and publishes enriching mobile games and content apps for African consumers.

Frontier Car Group is a berlin-based startup who develop, launch, and operate used-automotive marketplaces within emerging market economies, with operations in Nigeria, Mexico, Argentina, Colombia, Chile, Pakistan, and Indonesia. Additionally, we are successfully engaging in two joint ventures with OLX in India and Poland. We increase theefficiency of selling and buying cars through technology, infra-structure creation, access to capital and innovative business models that allows all stakeholders to gain from our impact.

Investment focus

Automotive, E-Commerce, E-Commerce Platforms
Series A
Nigeria

Portfolio highlights

Cars45 — Cars45 buys, sells, prices, and rates the condition of pre-owned autos. The Cars45 process begins online, where owners enter their vehicle information for a free quote. They can then schedule an appointment at one of the company’s 13 inspection centers in Nigeria. After a multi-point evaluation including engine, brakes, tires, and a road-test,Cars45 makes an offer. If accepted, the company commits to wire payment to the owner’s bank account within 45 minutes. After pricing and creating a digital service history, Cars45 offers the autos it acquires to a private network of buyers.

Mobility 54 is a joint venture among Toyota Tsusho Corporation and CFAO.

Investment focus

Financial Services, Transportation, Information Technology
Seed, Series A, Funding Round
Kenya, Nigeria, Côte d'Ivoire

Portfolio highlights

BasiGo — BasiGo is an early-stage e-mobility start-up looking to revolutionize the public transportation sector by providing matatu owners with a cost-effective electric alternative to diesel buses.
Tugende — Tugende helps motorcycle taxi drivers own their own motorcycles in eighteen months or less instead of renting indefinitely. Ownership significantly increases income, job security and road safety.
ETAP — ETAP is a digital insurance application that allows you to set up your car insurance in just 90 seconds.

Ndubuisi Ekekwe is the Co-Founder of Vetifly.

Investment focus

AgTech, FinTech, Internet
Angel, Pre-Seed
Nigeria

Portfolio highlights

Errand360 — We are Nigeria's first community delivery service that makes use of sustainable means of transportation, we deliver goodness to your door steps and we are Eco-Friendly
BeepTool — BeepTool is a disruptive Africa-based satellite & TV White Space-based connectivity as a service and Integrated digital inclusion ecosystem such as Telehealth, Digital Farmers and consumer marketplace, mobile payments, messaging and voice ecosystem apps providing affordable digital inclusions services to millions of people in remote and ruralareas in Africa and beyond who lack access to the digital economy and are digitally excluded and underserved in area of financial, healthcare, Aggrotech, EdTech and communication services to connect the unconnected, excluded and underserved communities across Nigeria and Africa. Affordable Internet Connectivity for Unconnected and Excluded Community in Africa via Satellite and TV White-Space as a Service and Digital Inclusion Ecosystem Made history by becoming the first company to successfully complete financial transactions using “nano-satellites in the world, “ BeepTool to make a difference in people’s lives and grant them access to the kind of connected services that they haven’t had access to before by providing affordable communications, healthcare, aggrotech, and financial services to millions of people in remote areas in Africa without access to cellular or internet connectivity. We are in partnership with more than 7 GEO and LEO satellite internet broadband operators worldwide and still counting. We have manufactured affordable android smartphones called Oyi-1 and Android Tablets called ABOLE pre-installed with our digital inclusion ecosystem low data rate apps. We have also designed and manufactured Solar powered, and satellites enabled Telehealth remote mobile stations for a rural community in Africa. Our affordable solar-powered satellites terminals broadcast Wi-Fi Hotspot to the rural community allowing rural users to access the web using a mobile application in areas our partners GEO and LEO satellites cover. BeepTool is connecting everyone in Africa using satellites network and TV white space spectrum.Building on its integrated mobile platforms and satellite-based connectivity systems, BeepTool is creating an ecosystem of service-on-demand products, ranging from telehealth to financial services, messaging, Aggrotech, micro-lending, video chat, video conferencing and VoIP, among others. Affordable Internet Connectivity for Everyone: Save up to 90% on costs compared to cabling bills, and more. Super Wifi. Connect on the Go: Connect entire villages, communities, schools, parks, clinics, and businesses with long-range, lightning-fast internet. Pocket Friendly. Budget-Friendly
Boundlesspay — World-class user experience that seamlessly processes local and international cryptocurrency and fiat payments for individuals and merchants, in a secure and reliable way, utilizing blockchain technology .BoundlessPay gives users easy access to decentralized finance (DEFI) and centralized finance (CEFI) services such as coin staking, lending,swapping, in-app and cross-border payments or remittances, and robust APIs for 3rd party payment processing.

UNCOVERED FUND is a venture capital firm that leads the creation of industries in Africa and other emerging countries.

Investment focus

FinTech, Financial Services, Banking
Seed, Funding Round, Series A
Nigeria, Kenya, United States

Portfolio highlights

Mecho — Mecho is an on-demand auto repair and maintenance platform for individuals and businesses in Africa.
Bettr — Bettr is a digital banking app for creator. Download the app to get your zero monthly fee digital bank account and virtual card. Join our community of creators, gamers, influencers, freelancers, tiktokkers, streamers, YouTubers and digital gig workers.
MarketForce — MarketForce connects Africa’s informal retail outlets and consumers directly to suppliers of consumer goods and financial services by digitizing orders, delivery, and payments with the aim of solving the last mile distribution challenge.

Venture investor in high-growth Founders and Teams using technology to solve large and meaningful problems across Africa

Investment focus

Logistics, Financial Services, E-Commerce
Seed, Series A, Pre-Seed
Nigeria, Kenya, South Africa

Portfolio highlights

Djamo — Djamo is a Provider of financial applications to allow customers to use their cards with zero fees in a wide range of services.
Jumba — Jumba is a construction technology platform that streamlines B2B construction material purchase and financing.
Yebo Fresh — Powering South Africa's Township Economy.

Cathexis Ventures is the venture arm of Cathexis Holdings, a single family office based in Houston Texas. Minimum check size $100k, max $10M for seed stage companies. Typically $250k checks.

Investment focus

Software, E-Commerce, Information Technology
Seed, Series A, Pre-Seed
United States, India, United Kingdom

Portfolio highlights

BBy — BBy connects nursing mothers with couples who can't produce or do not produce enough breast milk to feed their child
Boostly — Boostly automatically collects & analyzes customer data for restaurants from a variety of sources (including POS, in-store kiosks, online ordering, loyalty programs, 3rd party delivery orders, WiFi, and QR codes) and then leverages text messaging to drive incremental visits from those customers. Boostly then brings new customers to therestaurant and generates high quality reviews & feedback.Boostly's platform is completely automated & learns from the engagement of consumers to have smarter targeting on a weekly basis.
BlueCargo — BlueCargo is a predictive algorithm platform that brings visibility to optimize operations in seaport terminals. Their proprietary predictive algorithms streamline container management to increase terminal’s productivity while reducing operational costs and enhancing the quality of the service.

V8 Capital Partners makes investments in enterprise technology businesses across Africa. African Venture Capital for software automation

Investment focus

Information Technology, Health Care, Software
Seed, Series A, Pre-Seed
Nigeria, Kenya, Ghana

Portfolio highlights

Zuri Health — .ts-banner-image-1:hover .overlay{background-color:#ffffff} .ts-banner-image-2:hover .overlay{background-color:#ffffff} Popular categories Pharmacy Doctor at home Covid Labs & Diagonstics Wellness Telemed Show all Our Services PharmacyBuy both OTC and prescription medication and have it delivered to your doorstepLabs & DiagnosticsBook labs and Diagnostic tests and get your samples collected from the comfort of your home, hotel
MarketForce — MarketForce connects Africa’s informal retail outlets and consumers directly to suppliers of consumer goods and financial services by digitizing orders, delivery, and payments with the aim of solving the last mile distribution challenge.
ShapShap — ShapShap enhances delivery experience through its commission-based marketplace by assigning efficient orders to drivers to ensure their sustainability and scalability.

EchoVC Partners is a seed and early-stage venture capital firm focused on financing and cross-pollinating leading technologies, teams, business models, and knowledge across North America, Africa, and SE Asia. The average investment size ranges from $25,000 to several million dollars depending on the stage of opportunity and capital needs of thebusiness.

Investment focus

Information Technology, Software, E-Commerce
Seed, Series A, Pre-Seed
United States, Nigeria, Kenya

Portfolio highlights

Shuttlers — Shuttlers is a platform that offers mobility solutions by providing scheduled bus-sharing services for the professionals within the region.
Snowstorm — Snowstorm is a decentralized microproxy network. Already proven in crisis zones, it must now evolve into a next-generation system and internet freedom tool.
Senga Technologies — Welcome to Senga, custom-built, with love, for businesses shipping in Africa.

Future Africa is a collective of mission-driven founders and funders building unicorns to solve Africa’s biggest challenges. They are build a future where purpose and prosperity are within everyone’s reach.

Investment focus

Financial Services, FinTech, Information Technology
Seed, Pre-Seed, Series A
Nigeria, United States, Kenya

Portfolio highlights

Moove — Moove is a mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs, democratizing vehicle ownership globally. The company embeds its alternative credit-scoring technology onto ride-hailing, logistics, and last-mile/instant delivery platforms, which allows access to proprietary performance and revenue analyticsof mobility entrepreneurs to underwrite loans.
Anchor — Anchor is building the infrastructure needed for businesses to build, launch, and scale banking and payment solutions.
Itana — Talent City’s mission is to build a network of charter cities that focuses on creating technology-enabled jobs within a free trade zone with its own regulation and bylaws.

A leader in the alternative asset space, TPG was built for a distinctive approach, managing assets through a principled focus on innovation.

Investment focus

Health Care, Software, Biotechnology
Series C, Series B, Private Equity
United States, India, China

Portfolio highlights

PolicyBoss — PolicyBoss provides free online insurance quotes, where the customer can get a free quote and buy insurance policy. We have a range of products from a large selection of insurance companies.PolicyBoss is one of India’s largest retail broking firm in motor insurance.Advantage to take insurance from PolicyBoss, is that we offer online add-onservices & convenient and easy online payment process.
Fibe (Formerly EarlySalary) — Get instant loans up to Rs. 5L with tenures up to 24 months & rates as low as 2.5% p.m. Check your eligibility now.
Dr. Agarwal's — Dr. Agarwals eye hospital with best eye specialist and 135+ hospitals in India providing best eye disease treatment since 1957. Book an appointment now!

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