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Top 50 Hardware Startup Investors in Nigeria (August 2026)

The most active venture capital funds and angel investors investing in Nigeria Hardware startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Nigeria Hardware startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Golden Palm Investments
VC Fund
5 Nigeria, United States, Egypt Seed, Pre-Seed, Series A Information Technology, Financial Services, Payments $100k–$15M
Tofino Capital
VC Fund
4 United States, Nigeria, Egypt Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $100k–$131M
Ventures Platform
VC Fund
4 Nigeria, United States, Kenya Seed, Pre-Seed Financial Services, FinTech, Internet $100k–$4.4M
Microtraction
VC Fund
4 Nigeria, United States, Ghana Pre-Seed, Seed, Angel Financial Services, FinTech, Software $30k–$1.3M
Prosper Otemuyiwa
Angel
3 Nigeria, Canada, United States Pre-Seed, Angel FinTech, Software, CRM $200k–$1M
Lynett Capital
VC Fund
3 United States, Kenya, Nigeria Seed, Series A, Pre-Seed FinTech, Software, SaaS $120k–$49M
Social Capital
VC Fund
3 United States, Canada, India Seed, Series A, Series B Software, SaaS, FinTech $1M–$45M
Berrywood Capital
VC Fund
2 Nigeria, United States, Kenya Seed, Pre-Seed Financial Services, FinTech, Payments $100k–$3.7M
HoaQ
VC Fund
2 Nigeria, United Kingdom, United States Pre-Seed, Seed, Angel FinTech, Financial Services, Internet $100k–$3.3M
MyAsia VC
VC Fund
2 India, United States, Nigeria Seed, Series A, Pre-Seed FinTech, Financial Services, Software $592k–$24M
Nama Ventures
VC Fund
2 Saudi Arabia, Egypt, United States Seed, Pre-Seed, Series A E-Commerce, Information Technology, B2B $100k–$35M
Silent Ventures
VC Fund
2 United States, Canada, Nigeria Pre-Seed, Seed, Series A National Security, Military, Government $825k–$98M
Nova
VC Fund
2 Nigeria, United States Seed Artificial Intelligence, Drones, Big Data $5.7M–$22M
Lux Capital
VC Fund
2 United States, United Kingdom, Canada Series A, Seed, Series B Software, Artificial Intelligence, Health Care $1.8M–$150M
8VC
VC Fund
2 United States, United Kingdom, Canada Series A, Seed, Series B Software, Health Care, Artificial Intelligence $2.5M–$175M
Vy Capital
VC Fund
2 United States, India, China Seed, Series C, Series B Software, FinTech, Information Technology $1M–$675M
Valor Equity Partners
VC Fund
2 United States, Israel, India Series B, Series A, Series C Software, Artificial Intelligence, Information Technology $9.3M–$435M
Zeno Partners
VC Fund
2 United States, Canada, Nigeria Seed, Series A, Pre-Seed Software, Artificial Intelligence, SaaS $150k–$21M
SHL Capital
VC Fund
2 India, Nigeria, Singapore Seed, Pre-Seed, Venture - Series Unknown Apps, Software, InsurTech $1.3M–$4M
Gabriel Hammond
Angel
2 Nigeria, United States Seed, Series A Internet, Wireless, FinTech $2.1M–$2.1M
RaliCap
VC Fund
2 United States, Mexico, Nigeria Seed, Pre-Seed, Angel FinTech, Financial Services, Payments $300k–$5.5M
Future Africa
VC Fund
2 Nigeria, United States, Kenya Seed, Pre-Seed, Series A Financial Services, FinTech, Information Technology $100k–$40M
Michael Seibel
Angel
2 United States, Nigeria, United Kingdom Pre-Seed, Seed, Series A Artificial Intelligence, Software, Information Technology $500k–$21M
Western Technology Investment
VC Fund
2 United States, Canada, Nigeria Seed, Series A, Series B Software, Health Care, Information Technology $1.5M–$65M
4DX Ventures
VC Fund
2 Egypt, South Africa, United States Seed, Pre-Seed, Series A FinTech, Financial Services, Logistics $50k–$40M
Women Entrepreneurship for Africa
VC Fund
2 Nigeria, Uganda, Cameroon Pre-Seed, Grant Health Care, Agriculture, Food and Beverage
Chain Capital
VC Fund
1 Singapore, United States, China Seed, Initial Coin Offering Blockchain, Cryptocurrency, Information Technology $1M–$80M
Kepple Africa Ventures
VC Fund
1 Nigeria, Kenya, Egypt Seed, Pre-Seed, Series A Financial Services, FinTech, Software $100k–$23M
Ham Serunjogi
Angel
1 Nigeria, United States, Kenya Seed, Pre-Seed, Series A FinTech, Financial Services, Mobile Apps $25k–$5.3M
Tayo Oviosu
Angel
1 Nigeria, Brazil, United States Angel, Seed, Pre-Seed Financial Services, SaaS, Credit $1.4M–$3.6M
PolkaFoundary
VC Fund
1 Nigeria Seed Internet, Wireless, Information Technology
N7 Labs
VC Fund
1 China, Nigeria, Malaysia Seed Cryptocurrency, Social, Internet $1.5M–$1.5M
ACE & Company
VC Fund
1 United States, Switzerland, United Kingdom Seed, Series A Software, Financial Services, FinTech $1M–$24M
Walid Aradi
Angel
1 India, United States, Nigeria Seed, Angel, Series A Information Technology, Internet, Health Care $150k–$4M
Occam.fi
VC Fund
1 Nigeria Seed Internet, Wireless, Information Technology
TLcom Capital Partners
VC Fund
1 Nigeria, United States, United Kingdom Series A, Seed Software, Mobile, Information Technology $1.9M–$15M
Consonance Investment Managers
VC Fund
1 Nigeria, United States, Kenya Seed, Series A, Pre-Seed Software, Information Technology, B2B $50k–$10M
Pluto Digital
VC Fund
1 United Kingdom, Israel, Switzerland Seed, Series A, Pre-Seed Blockchain, Gaming, Information Technology $720k–$12M
AU21 Capital
VC Fund
1 United States, Singapore, India Seed, Initial Coin Offering Blockchain, Cryptocurrency, Gaming $1.1M–$14M
Inclusion Capital
VC Fund
1 Nigeria, Singapore Seed, Corporate Round Blockchain, Financial Services, Fashion $1.2M–$5M
Sandeep Nailwal
Angel
1 United States, India, Singapore Seed, Pre-Seed, Series A Blockchain, Cryptocurrency, Financial Services $450k–$40M
START EQUITY VENTURES
VC Fund
1 United States, Nigeria, Pakistan Seed, Series A, Series B Software, Health Care, Machine Learning
Elizabeth Williams
Angel
1 Nigeria Pre-Seed Internet, Network Security, Telecommunications
Velocity Digital
VC Fund
1 Nigeria, United States Angel, Pre-Seed CRM, EdTech, Internet $100k–$130k
Friále
VC Fund
1 United States, Nigeria, India Seed, Pre-Seed, Series A Health Care, Financial Services, Medical $450k–$20M
Merijn Campsteyn
Angel
1 Nigeria Angel CRM, Software, Telecommunications
Ingressive Capital
VC Fund
1 Nigeria, United States, Egypt Pre-Seed, Seed, Series A Financial Services, FinTech, Information Technology
Lanre Ogungbe
Angel
1 Nigeria Angel CRM, Software, Telecommunications
Greencap Equity
VC Fund
1 Canada, Nigeria Pre-Seed FinTech, Finance, Payments $200k–$1M
Assembly Capital Partners
VC Fund
1 Nigeria, United Kingdom Seed, Series A SMS, SaaS, Software $1.4M–$7.7M
Access all 171 investors in Nigeria Hardware startups.

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Golden Palm Investments
VC Fund · Accra, Greater Accra, Ghana · 5 investments in Nigeria Hardware startups

Golden Palm Investments is an investment holding and advisory company.

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Investment focus

  • Industry: Information Technology, Financial Services, Payments
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Nigeria, United States, Egypt

Investor stats

  • Total investments: 76
  • Round size: Seed $1.5M–$6M; Pre-Seed $100k–$6.5M; Series A $3M–$15M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • Talstack — Talstack is an all-in-one platform for employee growth and development
  • MAKA — MAKA is a community commerce platform for fashion and beauty, enabling everyone to discover their style, feel represented.
  • Renda — At Renda, we are passionate about revolutionizing the logistics and mobility sectors with cutting-edge technology that enables businesses and operators to seamlessly scale in emerging markets.
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Tofino Capital
VC Fund · Washington, District of Columbia, United States · 4 investments in Nigeria Hardware startups

Tofino Capital is an early stage investor in emerging market technology companies.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Nigeria, Egypt

Investor stats

  • Total investments: 25
  • Round size: Seed $2.2M–$22M; Pre-Seed $100k–$1M; Series A $25M–$131M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Vultron — Compress proposal production timeframes from weeks into days with Generative AI.
  • Terra Industries — Terra Industries develops autonomous security systems and software platforms that support the monitoring and protection of physical assets, infrastructure, and operational environments across land, air, and maritime domains. The company provides unmanned vehicles, autonomous towers, and sensor-based surveillance hardware that collect and transmitdata for continuous situational awareness. Its software layer, built around an integrated operating system, processes sensor inputs, applies artificial intelligence models, and coordinates automated responses to detected events. Terra Industries designs its systems to support functions such as perimeter security, infrastructure monitoring, asset tracking, and threat detection within complex operational settings. The company’s platforms enable operators to manage multiple autonomous devices through a unified interface that supports mission planning, data visualization, and system control. Its technology is used by organizations that require coordinated security, monitoring, and response capabilities for facilities, remote sites, and distributed operations.
  • Irreversible — Irreversible designs next-generation analog AI chips that enable meaningful intelligence anywhere — from sensors to robots.
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Ventures Platform
VC Fund · Abuja, Federal Capital Territory, Nigeria · 4 investments in Nigeria Hardware startups

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.

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Investment focus

  • Industry: Financial Services, FinTech, Internet
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 160
  • Round size: Seed $120k–$4.4M; Pre-Seed $100k–$2M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Traction Apps — Traction apps provide businesses end to end tools they need to run and grow their businesses.
  • MarketForce — MarketForce is a US, Kenya and Nigeria-based technology company that is building the SuperApp for Africa's 100 million merchants. MarketForce provides an all-inclusive B2B Commerce and Fintech platform (dubbed “RejaReja” – Swahili for ‘retail’) that empowers merchants in Africa to source, order and pay for inventory digitally and conveniently,access financing, collect digital payments and make extra money by reselling digital financial services such as airtime, electricity tokens and bill payments. Launched in 2018, MarketForce is a fast-growing YC backed company running an asset-light business model and is currently operational in 5 markets in Sub-Saharan Africa, with over 200,000 merchants and 50 consumer brands trading on the platform.
  • ThankUCash — ThankUCash is a technology company powering rewards and loyalty for African banks and businesses. ThankUCash helps merchants grow revenue by connecting them to customers within and outside of their locations while retaining acquired customers using a data analytics-powered reward system where customers earn cash rewards for every transaction madeboth offline and online.
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Microtraction
VC Fund · Lagos, Lagos, Nigeria · 4 investments in Nigeria Hardware startups

We invest in Africa's most remarkable teams with technical founders at the earliest stage of their venture

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Nigeria, United States, Ghana

Investor stats

  • Total investments: 106
  • Round size: Seed $30k–$1.3M; Angel $30k–$50k; Pre-Seed $50k–$1.1M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Accounteer — Accounteer is a cloud accounting platform for small businesses. Business owner can create invoices, track expenses and follow up on their finances with ease. Accounteer integrates with external services like banks, e-invoicing platforms and e-commerce. Future proof your business today by subscribing for a free Accounteer trial account.
  • Spring in Africa — Wallets Africa helps Africans and African-owned businesses send money, receive money, make card payments, and access overdrafts.
  • ThankUCash — ThankUCash is a technology company powering rewards and loyalty for African banks and businesses. ThankUCash helps merchants grow revenue by connecting them to customers within and outside of their locations while retaining acquired customers using a data analytics-powered reward system where customers earn cash rewards for every transaction madeboth offline and online.
Show all investments...

Prosper Otemuyiwa
Angel · 3 investments in Nigeria Hardware startups

Prosper Otemuyiwa is a Co-founder of forLoop Africa. He attended Babcock University.

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Investment focus

  • Industry: FinTech, Software, CRM
  • Stage:Pre-Seed, Angel
  • Geography: Nigeria, Canada, United States

Investor stats

  • Total investments: 11
  • Round size: Pre-Seed $200k–$1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Frain technologies — We're passionate about the product delivery value chain.
  • Famasi — Find, Order & Refill medications across 1000+ pharmacies in Nigeria. Delivered in 1 hour. Compare prices, get the best offers, and enjoy free monthly delivery on recurring orders.
  • Sendchamp — Messagebird For Africa: Sendchamp provides Communication APIs & CRM for developers & businesses to reach their customers via different messaging channels such as SMS, Email, Voice, Whatsapp, and other digital messaging channels. Our APIs and No code tools help businesses in Africa from the stage of Customer Onboarding, CustomerEngagement, Customer Service & Customer Retention.
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Lynett Capital
VC Fund · San Francisco, California, United States · 3 investments in Nigeria Hardware startups

Lynett Capital is an early stage investment firm dedicated to the empowering technology companies.

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Investment focus

  • Industry: FinTech, Software, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Kenya, Nigeria

Investor stats

  • Total investments: 29
  • Round size: Seed $120k–$3M; Pre-Seed $500k–$2.7M; Series A $2.5M–$49M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Juxta — Juxta delivers infrastructure-free positioning for people, assets, and robots. Track indoors, outdoors, and GPS-denied environments with the Universal Positioning System, Software SDK, and Asset Tags.
  • Ribbon — Go live with an inheritance center that your members deserve
  • Luminate — Luminate Medical is developing LILY, the world's first pain-free and portable solution to prevent hair loss caused by chemotherapy.
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Social Capital
VC Fund · Palo Alto, California, United States · 3 investments in Nigeria Hardware startups

At Social Capital, we make big bets on transformational ideas, technology, and people.

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Investment focus

  • Industry: Software, SaaS, FinTech
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, India

Investor stats

  • Total investments: 390
  • Round size: Seed $1M–$7M; Series A $3.5M–$17M; Series B $10M–$45M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $600M in 2018

Portfolio highlights

  • Athos — Athos uses EMG real-time biofeedback to help you go from guessing to knowing if you are performing at your best. #BuildBetterAthletes
  • Mason America, Inc. — Mason is the device innovation platform for product leaders who dare to deliver the next innovation in their field.
  • Biz AI Last — Your dedicated IT department. AI-assisted triage, live expert support via chat, remote connection to fix issues directly, and on-site technicians when needed.
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Berrywood Capital
VC Fund · 2 investments in Nigeria Hardware startups

Berrywood Capital is an investment firm.

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Investment focus

  • Industry: Financial Services, FinTech, Payments
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 19
  • Round size: Seed $100k–$2.7M; Pre-Seed $125k–$3.7M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Caliza — Give your users access to the digital dollar economy. Get early access!
  • Workpay — Looking for the best payroll software in Kenya? Workpay provides the best payroll software and hr software for your business in Kenya, Nigeria and for Africa
  • Koa — Empower your business with our cutting-edge digital payments platform! Lotus simplifies your business banking tasks and offers tailored financial solutions to boost your business growth. Take control of your business finances by exploring Lotus today!
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HoaQ
VC Fund · Dublin, Dublin, Ireland · 2 investments in Nigeria Hardware startups

Startup Investment Club

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Investment focus

  • Industry: FinTech, Financial Services, Internet
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Nigeria, United Kingdom, United States

Investor stats

  • Total investments: 29
  • Round size: Seed $1.7M–$3.3M; Angel $100k–$130k; Pre-Seed $115k–$1M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Chowdeck — Order food, groceries, drinks, medicines & everyday essentials from top restaurants, pharmacies, local markets, and stores near you. Fast delivery with Chowdeck.
  • Klas — Anyone, anywhere can teach online. Create & sell your ebooks, courses, and live classes- all on Klas.
  • La Ruche Health Inc. — LaRuche Health offers inclusive apps that simplify care delivery and improve patient access to preventive healthcare services.
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MyAsia VC
VC Fund · 2 investments in Nigeria Hardware startups

MyAsia VC

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: India, United States, Nigeria

Investor stats

  • Total investments: 34
  • Round size: Seed $800k–$6M; Pre-Seed $592k–$2M; Series A $4M–$24M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Sensesemi — Sensesemi Technologies is a healthcare startup that focuses on the development of unique medical devices. The company's inspiration stems from personal experiences with hypertension and diabetes in close family members. Sensesemi Technologies is known for its commitment to delivering optimal healthcare services. The company's productdevelopment is primarily in the field of medical devices, aiming to cater to a wide range of healthcare needs. The company has been recognized for its work, notably winning in the ESDM category at the 'Startup Karnataka Top Tech Awards'.
  • JustAI — An AI-first modern enterprise marketing stack that sets you in an always-on, set-and-forget motion. Increase your experimentation velocity and keep your team lean! Say goodbye to manual campaign management.
  • Squid — Squid offers a workspace for planning, modeling, and testing power grid networks with tools for network analysis and simulation.
Show all investments...

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Nama Ventures
VC Fund · Riyadh, Ar Riyad, Saudi Arabia · 2 investments in Nigeria Hardware startups

NAMA VENTURES TECH FOUNDERS FUNDING TECH STARTUPS LOOKING FOR FUNDING? APPLY NOW

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Investment focus

  • Industry: E-Commerce, Information Technology, B2B
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Saudi Arabia, Egypt, United States

Investor stats

  • Total investments: 53
  • Round size: Seed $120k–$5.6M; Pre-Seed $100k–$2.4M; Series A $5.2M–$35M
  • Lead/follow: 51% lead, 49% follow

Portfolio highlights

  • PIESHIP — Pieship is a logistics startup serving last mile and their customers using Ai and crowdsourcing.
  • Nodes — Talent Intelligence Layer for Regulated Industries
  • Rize — Rize is a PropTech platform transforming rental payments for both residential and commercial properties. With its “Rent Now, Pay Later” service, Rize allows tenants to split their annual rent into manageable installments, which benefits both renters, who can better manage their rental budgets, and landlords, who can reach a larger consumer base andreceive their yearly rental payment in advance. By enhancing affordability and flexibility, Rize inherently boosts occupancy rates across the rental market.
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Silent Ventures
VC Fund · Denver, Colorado, United States · 2 investments in Nigeria Hardware startups, 16 in the past 12 months

Silent Ventures is an early stage venture capital firm investing in exceptional founders building unrivaled defense, national security, and deep technology companies. Founded by Jackson Moses. Located in Dallas, Texas.

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Investment focus

  • Industry: National Security, Military, Government
  • Stage:Pre-Seed, Seed, Series A
  • Geography: United States, Canada, Nigeria

Investor stats

  • Total investments: 44
  • Round size: Seed $11M–$25M; Pre-Seed $825k–$5M; Series A $35M–$98M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely still investing — raised $15M in 2023

Portfolio highlights

  • Traysar — Building autonomous underground systems for strike and defense in the new subterra battlefield
  • Dominion Dynamics — Dominion Dynamics is building the interoperable command layer for the Arctic
  • Impulse Space — Economical and nimble last-mile space payload delivery
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Nova
VC Fund · San Francisco, California, United States · 2 investments in Nigeria Hardware startups

A global talent investing firm on a mission to patron future world-historic individuals.

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Investment focus

  • Industry: Artificial Intelligence, Drones, Big Data
  • Stage:Seed
  • Geography: Nigeria, United States

Investor stats

  • Total investments: 5
  • Round size: Seed $5.7M–$22M
  • Lead/follow: 60% lead, 40% follow

Portfolio highlights

  • Midas — Premium mathematical datasets and formal verification tools for AI training
  • Vigil Labs — Machine intelligence for live markets.
  • Terra Industries — Terra Industries develops autonomous security systems and software platforms that support the monitoring and protection of physical assets, infrastructure, and operational environments across land, air, and maritime domains. The company provides unmanned vehicles, autonomous towers, and sensor-based surveillance hardware that collect and transmitdata for continuous situational awareness. Its software layer, built around an integrated operating system, processes sensor inputs, applies artificial intelligence models, and coordinates automated responses to detected events. Terra Industries designs its systems to support functions such as perimeter security, infrastructure monitoring, asset tracking, and threat detection within complex operational settings. The company’s platforms enable operators to manage multiple autonomous devices through a unified interface that supports mission planning, data visualization, and system control. Its technology is used by organizations that require coordinated security, monitoring, and response capabilities for facilities, remote sites, and distributed operations.
Show all investments...

Lux Capital
VC Fund · New York, New York, United States · 2 investments in Nigeria Hardware startups

Lux Capital manages over $5 billion in assets focused on founding, seed, early-stage, and growth investments at the intersection of technology and the sciences. Lux takes an active role in helping entrepreneurs build successful businesses in high-growth sectors. Its investment team has built over 20 companies from scratch. Lux's investmentstrategy ensures portfolio companies are better connected, have a deeper insight, and command industry leadership faster than their competitors.

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Investment focus

  • Industry: Software, Artificial Intelligence, Health Care
  • Stage:Series A, Seed, Series B
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 613
  • Round size: Seed $1.8M–$30M; Series A $7.4M–$96M; Series B $14M–$150M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2007

Portfolio highlights

  • Toonimo — Toonimo humanize the web user experience with an engaging and personalized step-by-step interactive walkthrough
  • Kyruus Health — Kyruus Health is the leading care access platform on a mission to connect people to the right care.
  • Cajal Neuroscience — Cajal Neuroscience is a drug discovery company focused on neurodegenerative disease.
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8VC
VC Fund · San Francisco, California, United States · 2 investments in Nigeria Hardware startups

8VC is a technology and life sciences investment firm that partners with founders to develop transformational technologies. The firm focuses on creating long-term economic and societal value through its investments across various sectors, including healthcare and logistics.

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Investment focus

  • Industry: Software, Health Care, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: United States, United Kingdom, Canada

Investor stats

  • Total investments: 575
  • Round size: Seed $2.5M–$13M; Series A $8M–$57M; Series B $17M–$175M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Saronic — Providing the most advanced and capable autonomous vessels in the maritime domain.
  • Ushur — Ushur is a cloud-based automation platform that automates service workflows in both the backend process and conversational interfaces.The company develops intelligent automation solutions that include, Ushur Virtual Customer Assistant, smart technology that automates proactive member, claimant, agent, or broker communications across virtually anychannel, reaching out to customers, understanding what they need, and automatically taking the next steps; Ushur SmartMail, a software that allows insurers to process high-volumes of the customer, agent and broker email automatically, allowing carriers to respond faster and efficiently; Ushur Flowbuilder, the web-based no-code builder allows claims, broker services, and customer support teams to build, deploy and track rich digital engagements that improve business agility and the customer experience while minimizing the burden on IT. By leveraging the company's Robotic Process Automation (RPA) and Language Intelligence Service Architecture (LISA), insurance companies can accelerating capital and time-intensive processes like claims, customer support, billing, and enrollment to digitally transform service workflows.
  • Flywheel.io — Flywheel is a data management and analysis platform built specifically for scientists and the researcher's workflow. They empower research momentum by focusing on data and medical image capture, content management, scientific computation, and collaboration. With reproducible research in mind, they combine open-source methods from topuniversities, a modern web user interface, and an extensible compute engine based on containerization technology. The result is a software platform to accelerate discovery and help researchers do science, not IT.Flywheel accelerates new scientific discoveries in life-science, biotech, and academic imaging research through cloud-scale collaboration. As a result, imaging researchers are able to avoid innovation bottlenecks, and accelerate discovery by doing more science, and less IT.
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Vy Capital
VC Fund · Dubai, Dubai, United Arab Emirates · 2 investments in Nigeria Hardware startups

A global technology investment firm with a focus on category-defining technology companies with the potential to meaningfully impact humanity.

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Investment focus

  • Industry: Software, FinTech, Information Technology
  • Stage:Seed, Series C, Series B
  • Geography: United States, India, China

Investor stats

  • Total investments: 92
  • Round size: Seed $1M–$5M; Series B $11M–$300M; Series C $10M–$675M
  • Lead/follow: 21% lead, 79% follow
  • Last fund: May invest from a new fund soon — raised $354M in 2014

Portfolio highlights

  • Temple — A wearable that measures Brain Flow and everything else.
  • Counterpart — Counterpart is a management liability platform powered by big data and artificial intelligence that offers a range of insurance products complemented with a suite of services that proactively measure and mitigates exposures. Counterpart was founded in 2019 by Tanner Hackett and is based in Los Angeles, California, United States.
  • Neros Technologies — Neros is vertically integrating production of unmanned defense systems in the United States, securing the autonomous supply chain. Are you with us?
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Valor Equity Partners
VC Fund · Chicago, Illinois, United States · 2 investments in Nigeria Hardware startups

Valor Equity Partners is an operational growth investment firm that focuses on growth companies across various stages of development. For decades, it has served its companies with the expertise to solve the challenges of growth and scale. Valor Equity partners with companies and entrepreneurs who are committed to the highest standards of excellenceand the courage to transform their industries.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series B, Series A, Series C
  • Geography: United States, Israel, India

Investor stats

  • Total investments: 308
  • Round size: Series A $9.3M–$80M; Series B $20M–$200M; Series C $13M–$435M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $2.8B in 2022

Portfolio highlights

  • BitGo — BitGo is the leader in institutional digital asset custody, trading, and finance. We enable our clients to navigate the complex landscape of digital assets with a connected, compliant, and secure suite of solutions.
  • HackerOne — HackerOne is a global leader in Continuous Threat Exposure Management (CTEM). The HackerOne Platform unites agentic AI solutions with the ingenuity of the world’s largest community of security researchers to continuously discover, validate, prioritize, and remediate exposures across code, cloud, and AI systems. Through solutions like bug bounty,vulnerability disclosure, agentic pentesting, AI red teaming, and code security, HackerOne delivers measurable, continuous reduction of cyber risk for enterprises. Industry leaders, including Anthropic, Crypto.com, General Motors, Goldman Sachs, Lufthansa, Uber, UK Ministry of Defence, and the U.S. Department of Defense, trust HackerOne to safeguard their digital ecosystems. HackerOne was recognized in Gartner’s Emerging Tech Impact Radar: AI Cybersecurity Ecosystem report for its leadership in AI Security Testing and has been named a Most Loved Workplace for Young Professionals (2024).
  • Midas — Premium mathematical datasets and formal verification tools for AI training
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Zeno Partners
VC Fund · San Francisco, California, United States · 2 investments in Nigeria Hardware startups

Zeno Ventures invests in early stage technology enabled companies addressing consumer and enterprise markets. Zeno Ventures likes to back exceptional entrepreneurs before their businesses have scaled and often even before their business models are formed. Zeno Ventures seeks to partner with talented and passionate founders solving difficultproblems that were illuminated by their personal experience.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Canada, Nigeria

Investor stats

  • Total investments: 70
  • Round size: Seed $150k–$8M; Pre-Seed $1.1M–$2.3M; Series A $3.4M–$21M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Beglaubigt.de — https://t.co/BCWk4L679n ist die erste Plattform zur Digitalisierung des Notariats in Europa.
  • Trace — Trace is an orchestration engine that breaks down existing workflows, assigns repetitive tasks to AI agents and routes the rest to the right people.
  • Eloquent AI — The AI Operator for Financial Services
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SHL Capital
VC Fund · Portland, Oregon, United States · 2 investments in Nigeria Hardware startups

A new tool that blends your everyday work apps into one. It's the all-in-one workspace for you and your team

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Investment focus

  • Industry: Apps, Software, InsurTech
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: India, Nigeria, Singapore

Investor stats

  • Total investments: 4
  • Round size: Seed $1.3M–$4M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • JiPay — JiPay - let the whole family go cashless. Order a free prepaid card for your helper or children.
  • Bumpa — The easiest way to set-up and manage your online store. Bumpa helps businesses sell on Instagram, Whatsapp, Facebook, and offline in-store.
  • Nova Benefits — We help companies find affordable health insurance and wellness benefits that their employees can trust.
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Gabriel Hammond
Angel · New York, New York, United States · 2 investments in Nigeria Hardware startups

Gabriel is founder of Emles Advisors .

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Investment focus

  • Industry: Internet, Wireless, FinTech
  • Stage:Seed, Series A
  • Geography: Nigeria, United States

Investor stats

  • Total investments: 4
  • Round size: Seed $2.1M–$2.1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • QuantumStreet AI — Powering $1.5 Billion in global assets, EquBot's AI investment platform with IBM Watson helps global investment professionals deliver custom AI portfolios with better outcomes through portfolios as a service (PaaS). EquBot's AI is utilized by some of the largest financial institutions like HSBC, Athene, and Amundi and reaches investorsall over the world, including the US, China, India, Singapore, Malaysia, and Russia. EquBot is an IBM partner and was started at UC Berkeley by a team from Intel, Goldman, and Fidelity.
  • wifi.com.ng — TIZETI (wifi.com.ng) has been deploying high speed internet access to estates, offices, multi-tenant building using next generation wi-Fi technology. They deploy unlimited internet to residential and business customers which allow customers get the full benefit of the internet with no data or time caps. They also offer VOIP and Video on Demandservices.
  • Creative Market — Creative Market is a marketplace for ready-to-use design assets, including fonts, graphics, templates, add-ons, photos, and themes, from independent creators around the world.
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RaliCap
VC Fund · San Francisco, California, United States · 2 investments in Nigeria Hardware startups, 6 in the past 12 months

Rally Cap is a global community of tech folks investing in an exclusive portfolio of top-tier early stage venture funds in Latin America and sub-Saharan Africa.

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Investment focus

  • Industry: FinTech, Financial Services, Payments
  • Stage:Seed, Pre-Seed, Angel
  • Geography: United States, Mexico, Nigeria

Investor stats

  • Total investments: 62
  • Round size: Seed $1.4M–$5.5M; Pre-Seed $300k–$3.7M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Cata — Launch your branded mobile app for ordering, CRM & loyalty. Increase order frequency & basket size. Learn how Cata can scale your business!
  • Upper — Transforming cross-border e-commerce in Latin America
  • Gangkhar — Gangkhar provides AI-native embedded insurance infrastructure for digital platforms, insurers, MGAs, and brokers to launch, optimize, and scale embedded protection.
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Future Africa
VC Fund · San Francisco, California, United States · 2 investments in Nigeria Hardware startups

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.

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 91
  • Round size: Seed $500k–$4M; Pre-Seed $100k–$3.7M; Series A $7M–$40M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • STEM Cafe — STEMCafe by RVRB is a fun out of school learning centre for kids
  • Juicyway — The new shape of money? Fluid. Access global currencies with Juicyway. Buy, sell, hold, and pay globally using our fast APIs, web, or mobile apps. Download now.
  • Lori Systems — Lori Systems is revolutionizing African logistics through innovative technology solutions. We connect shippers, transporters, and drivers to create efficient, reliable, and transparent supply chains across Africa.
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Michael Seibel
Angel · San Francisco, California, United States · 2 investments in Nigeria Hardware startups, 12 in the past 12 months

Michael Seibel is the Managing Director and Group Partner of Y Combinator. He previously worked at Socialcam as a CEO. Michael Seibel attended Yale University.

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Investment focus

  • Industry: Artificial Intelligence, Software, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: United States, Nigeria, United Kingdom

Investor stats

  • Total investments: 205
  • Round size: Seed $500k–$7.2M; Pre-Seed $500k–$500k; Series A $5.9M–$21M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • Kira — The easiest way for non-fintech enterprises to launch AI-powered, stablecoin-based financial products. Through a unified API platform, Kira enables businesses to embed remittances, payroll, wallets, and real-time cross-border payments.
  • Recall.ai — Recall.ai provides a single API for meeting bots on every platform like Zoom, Google Meet, Microsoft Teams and more.
  • Arena — Arena accelerates testing, debugging, and optimization for the world’s most advanced hardware. Atlas is an AI hardware engineer grounded in applied physics with an understanding of the real-world environment.
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Western Technology Investment
VC Fund · Portola Valley, California, United States · 2 investments in Nigeria Hardware startups

Since 1980, WTI has helped more than 1,300 companies across every innovation sector finance their growth while minimizing dilution.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Nigeria

Investor stats

  • Total investments: 259
  • Round size: Seed $1.5M–$13M; Series A $2.5M–$22M; Series B $5M–$65M
  • Lead/follow: 8% lead, 92% follow
  • Last fund: May invest from a new fund soon — raised $375M in 2013

Portfolio highlights

  • Meta — At Meta, they work on landmark AI challenges that have the power to transform how scientific knowledge is experienced and consumed. Meta provides innovators throughout the scientific ecosystem with powerful views of the current and future trajectories of science and technology with the goal of making all scientific knowledge computable. Meta’smission is to unlock all of the world’s scientific and technical insights using artificial intelligence.
  • RightsFlow — RightsFlow is a leading technology-enabled provider of mechanical licensing and royalty accounting, reporting, and payment services for online music companies, record companies, distributors, artists, and songwriters. The RightsFlow technology powers rapid song identification and provides an unprecedented level of transparency for both licenseesand licensors. RightsFlow specializes in obtaining bulk physical, DPD, and ringtone licenses including streaming, tethered, and limited download rights. Our proprietary licensing technology and 30+ million song database allow us to license content, render accounting, and pay royalties on behalf of clients quickly and accurately, ensuring that rights-holders are paid for the use of their work. RightsFlow was acquired by Google in 2011 and is now part of the team at YouTube helping to simplify music licensing, content identification, accounting and payments for songwriters and publishers worldwide.
  • Prosper Medical — Prosper Medical is a telemedicine platform that connects members with physicians for personalized healthcare services.
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4DX Ventures
VC Fund · Brooklyn, New York, United States · 2 investments in Nigeria Hardware startups

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.

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Investment focus

  • Industry: FinTech, Financial Services, Logistics
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Egypt, South Africa, United States

Investor stats

  • Total investments: 93
  • Round size: Seed $456k–$8M; Pre-Seed $50k–$6.5M; Series A $3M–$40M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — raised $60M in 2021

Portfolio highlights

  • Autochek — Welcome To Autochek Group's Homepage. Read About The Company's Vision And Mission. Select A Country And Apply For Car Loans
  • Aether Bio — Aether uses its state of the art platform to rapidly engineer enzymes, enabling our customers to manufacture complex and novel products at fractional cost.
  • Aethex — End to end voice agents localized for your market.
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Women Entrepreneurship for Africa
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Nigeria Hardware startups

Women Entrepreneurship for Africa

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Investment focus

  • Industry: Health Care, Agriculture, Food and Beverage
  • Stage:Pre-Seed, Grant
  • Geography: Nigeria, Uganda, Cameroon

Investor stats

  • Total investments: 116
  • Lead/follow: 99% lead, 1% follow

Portfolio highlights

  • ORIKI — A wellness + farm to skin brand that creates pampering experiences and luxurious natural personal grooming products. Sharing Africa!
  • Mukuru Clean Stoves — Earthshot Prize Winner 2022. We use recycled metal to manufacture improved, efficient and affordable cookstoves.
  • Loom Craft Chocolate — Loom Craft Chocolate is a artisanal cocoa processor with a strong focus on the quality of our products and the sustainability of our processes.
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Chain Capital
VC Fund · Shanghai, Shanghai, China · 1 investments in Nigeria Hardware startups

Chain Capital was established in April 2015. The teams covered in Silicon Valley, Toronto, Singapore, Tokyo, Seoul, Moscow, London and Shanghai. The core members are the industry experts from Franklin Templeton Sealand Fund Mangament, Facebook, Qudian, Ogilvy, ShopEx and others. Chain Capital specializes in investing blockchain projects, discoverand help the outstanding teams to better use blockchain technology in order to make the world better.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Information Technology
  • Stage:Seed, Initial Coin Offering
  • Geography: Singapore, United States, China

Investor stats

  • Total investments: 45
  • Round size: Seed $1M–$14M; Initial Coin Offering $5.5M–$80M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • HodlHer — HodlHer.ai is an AI-powered Web3 platform with an emotional AI companion for smarter trading, portfolio management tools and data.
  • Metafyed — Unlocking real-world assets #RWA for everyone. Private credit, tokenized and compliant.
  • Kyuzo’s Friends — Kyuzo’s Friends focuses on user growth and player engagement.
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Kepple Africa Ventures
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Nigeria Hardware startups

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

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Nigeria, Kenya, Egypt

Investor stats

  • Total investments: 84
  • Round size: Seed $500k–$4.5M; Pre-Seed $100k–$3.4M; Series A $1.1M–$23M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • 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.
  • TIBU Health — TIBU Health is a disruptive HealthTech logistics company that provides high-quality healthcare services.
  • Onboard — Onboard helps hardware companies transform their text manuals to 3D, intelligent manuals with instant customer support capabilities.
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Ham Serunjogi
Angel · San Francisco, California, United States · 1 investments in Nigeria Hardware startups

Ham Kakembo Serunjogi is based out of San Francisco, California and is the a Co-founder and CEO at Chipper Cash. Ham previously worked at Facebook as a Global Accountant. Ham Kakembo Serunjogi attended the Grinnell College. Ham Kakembo Serunjogi has been names as one of the honorees on the Forbes 30 Under 30.

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Investment focus

  • Industry: FinTech, Financial Services, Mobile Apps
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 10
  • Round size: Seed $25k–$5.3M; Pre-Seed $240k–$3.7M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Caliza — Give your users access to the digital dollar economy. Get early access!
  • CreditChek — Africa's #1 credit intelligence platform. Access credit bureau API, bank statement analysis, BVN/KYC verification & direct debit for lenders in Nigeria, Kenya & Uganda. Trusted by 100+ businesses.
  • Hisa Inc — Seamless trading, and Borderless investment for Africa.
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Tayo Oviosu
Angel · Lagos, Lagos, Nigeria · 1 investments in Nigeria Hardware startups

Tayo is the Founder & Group CEO of Paga (www.paga.com), Nigeria’s leading mobile money service. Prior to Paga, Tayo was Vice-President at Travant Capital Partners, a private equity fund in West Africa. Prior to joining Travant, Tayo was a Manager, Corporate Development, at Cisco Systems in San Jose California. Tayo’s work at Paga has beenrecognized globally - in 2014 CNBC selected Tayo as the Entrepreneur of the Year West Africa, and in 2015 the African Leadership Network selected Paga as the outstanding growing company of the year in Africa. Tayo is also the co-founder of Kairos Angels, an angel investment club.Tayo earned his Bachelors of Science degree in Electrical Engineering, cum laude, from the University of Southern California, and also has a Masters in Business Administration from the Graduate School of Business, Stanford University.

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Investment focus

  • Industry: Financial Services, SaaS, Credit
  • Stage:Angel, Seed, Pre-Seed
  • Geography: Nigeria, Brazil, United States

Investor stats

  • Total investments: 11
  • Round size: Seed $1.4M–$3.6M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • RELAYTO AI Regulated Content Platform — RELAYTO converts your PDFs & presentations to interactive web experiences with instant branding, analytics & more
  • Tyms — Tyms online accounting software for your business connects you to your bank, accountant, bookkeeper, and other business apps. Start a free trial today. Also available in Nigeria, Ghana, Mauritius and South Africa.
  • Venco Platforms — Venco automates visitor management, billing, and collections, as well as smart utility vending for communities across Africa.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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PolkaFoundary
VC Fund · Singapore, Central Region, Singapore · 1 investments in Nigeria Hardware startups

PolkaFoundry is a platform for creating borderless and frictionless DeFi apps. It is designed to unleashes developers to explore new horizons of the DeFi landscape.

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Investment focus

  • Industry: Internet, Wireless, Information Technology
  • Stage:Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Wicrypt — Wicrypt is a dynamic organization that consistently allows its users to get paid by sharing their Wi-Fi.
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N7 Labs
VC Fund · San Diego, California, United States · 1 investments in Nigeria Hardware startups

N7 Labs is a San Diego-based consulting and retail organization.

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Investment focus

  • Industry: Cryptocurrency, Social, Internet
  • Stage:Seed
  • Geography: China, Nigeria, Malaysia

Investor stats

  • Total investments: 4
  • Round size: Seed $1.5M–$1.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Torum — Convert your crypto to Ringgit and spend it at any DuitNow QR-enabled merchant with ease.
  • Wicrypt — Wicrypt is a dynamic organization that consistently allows its users to get paid by sharing their Wi-Fi.
  • Bella Protocol — Bella Defi suite allows users to simply deposit and enjoy high yield from sophisticated arbitrage strategies, either on-chain or via custodian service.
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ACE & Company
VC Fund · Geneva, Geneve, Switzerland · 1 investments in Nigeria Hardware startups

ACE & Company is a Geneva-based private equity and venture capital firm with more than $2.0 billion in assets under management and over 20 years of experience.

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Investment focus

  • Industry: Software, Financial Services, FinTech
  • Stage:Seed, Series A
  • Geography: United States, Switzerland, United Kingdom

Investor stats

  • Total investments: 186
  • Round size: Seed $1M–$6.4M; Series A $3.4M–$24M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Roofr — The complete sales toolbox for roofers. From roof measurement reports to project-winning proposals.
  • Vennre — Build wealth through vetted private market opportunities from $5k. GCC-first, globally accessible. Regulated, Sharia-compliant, digital-first.
  • DiPonio Contracting — DiPonio Contracting is an infrastructure maintenance and construction company. It offers new and replacement upgrades for aged and existing water, wastewater, and storm sewer systems.
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Walid Aradi
Angel · 1 investments in Nigeria Hardware startups

Entrepreneur, investor. Advising global tech companies navigate through MENA+ regulatory environments, market entry and scaling

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Investment focus

  • Industry: Information Technology, Internet, Health Care
  • Stage:Seed, Angel, Series A
  • Geography: India, United States, Nigeria

Investor stats

  • Total investments: 23
  • Round size: Seed $150k–$4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Omnisient — Privacy-Preserving Data Collaboration platform enabling businesses to collaborate while ensuring consumer privacy and data protection.
  • Stitch — One API integration for enterprise online payments across South Africa. Accept Pay by bank, debit + credit card, cash, manual EFT, debit order and crypto.
  • Termii — Prevent transactions like logins, payments, checkouts, fraud alerts, and OTPs from failing using AI. Built for banks, fintechs and modern enterprises.
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Occam.fi
VC Fund · Zug, Zug, Switzerland · 1 investments in Nigeria Hardware startups

OccamDAO is a Cardano (ADA) based DEX and launchpad (fundraising platform).

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Investment focus

  • Industry: Internet, Wireless, Information Technology
  • Stage:Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Wicrypt — Wicrypt is a dynamic organization that consistently allows its users to get paid by sharing their Wi-Fi.
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TLcom Capital Partners
VC Fund · London, England, United Kingdom · 1 investments in Nigeria Hardware startups

TLCOM finds and funds exceptional founders building technology companies across Africa. Seed to Series C. Lagos, Nairobi, London.

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Investment focus

  • Industry: Software, Mobile, Information Technology
  • Stage:Series A, Seed
  • Geography: Nigeria, United States, United Kingdom

Investor stats

  • Total investments: 75
  • Round size: Seed $1.9M–$8.5M; Series A $3.8M–$15M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely still investing — raised $150M in 2022

Portfolio highlights

  • Autochek — Welcome To Autochek Group's Homepage. Read About The Company's Vision And Mission. Select A Country And Apply For Car Loans
  • HoneyCoin — HoneyCoin is a web3/web2 ecosystem of products built in a way that abstracts complexity and brings all the value of web3 and web2 to the forefront.
  • Ilara Health — Ilara Health helps primary care clinics across Africa deliver better care.
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Consonance Investment Managers
VC Fund · Lagos, Lagos, Nigeria · 1 investments in Nigeria Hardware startups

We are an investment company focused on helping early and growth-stage entrepreneurs build successful companies in Africa.

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Investment focus

  • Industry: Software, Information Technology, B2B
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 37
  • Round size: Seed $550k–$4M; Pre-Seed $450k–$1M; Series A $50k–$10M
  • Lead/follow: 46% lead, 54% follow

Portfolio highlights

  • Releaf Earth — We are industrializing food processing in Africa. We've led 1000+ smallholder farmers to provide food factories with >7.5 million kilograms of quality crops.
  • Tripesa — Control what AI coding assistants can install. Approve libraries, MCP servers, and extensions before they enter your codebase.
  • EMTECH — Cari pragmatic slot gacor? Cek info RTP slot Pragmatic Play terupdate di AkongCuan. Mulai modal slot depo 5K sekarang, mainkan, dan raih cuan maksimal!
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Pluto Digital
VC Fund · London, England, United Kingdom · 1 investments in Nigeria Hardware startups

Pluto Digital PLC (Pluto) is a crypto technology and operations company that makes Web 3.0 Decentralised Finance (DeFi) more accessible to all.Pluto is making DeFi available to everyone through products and services created by Pluto’s software development Labs division, new yield farming strategies through Pluto’s Yield division and collaboratingwith emerging DeFi projects and the NFT metaverse through Pluto’s Ventures division.

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Investment focus

  • Industry: Blockchain, Gaming, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, Israel, Switzerland

Investor stats

  • Total investments: 18
  • Round size: Seed $720k–$12M; Series A $4.7M–$8.4M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • IQ Labs — IQ Marketplace offers unique NFTs with exclusive utilities, boosting your in-game experience. With flexible renting parameters and multiple payment options, rent without collateral and unlock the full utility of NFTs. Say goodbye to gas fees with our gasless renting feature and multiply the value of NFT collections with our multi-utility renting. Explore now
  • Balthazar NFT Gaming — Balthazar is on a mission to empower the biggest community of gamers to create a self-sustaining,
  • Horizon Land — Horizon Land is the infrastructure platform that empowers builders to construct their own open and accessible virtual worlds; and to scale in a complete ecosystem of Games, Education, Entertainment, Social networks, …
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AU21 Capital
VC Fund · San Francisco, California, United States · 1 investments in Nigeria Hardware startups

A fund dedicated to backing the most brilliant minds in the blockchain space

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Gaming
  • Stage:Seed, Initial Coin Offering
  • Geography: United States, Singapore, India

Investor stats

  • Total investments: 207
  • Round size: Seed $1.1M–$5.8M; Initial Coin Offering $1.2M–$14M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • PERL.eco — The Planetary Ecosystem Registration Ledger will be a dedicated blockchain for real-world ecological assets through tokenizing carbon credits and biodiversity, NFTs and decentralised (DeFi) rewards.
  • A-World — Welcome to Animal World, a battle game based on #BNBCHAIN's super metaverse card tower defense. By setting up a hero tower to destroy monsters.
  • NeuronX — The First AI-Driven Lending Protocol on @dfinity
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Inclusion Capital
VC Fund · 1 investments in Nigeria Hardware startups

Inclusion Capital invest in interoperable blockchain companies.

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Investment focus

  • Industry: Blockchain, Financial Services, Fashion
  • Stage:Seed, Corporate Round
  • Geography: Nigeria, Singapore

Investor stats

  • Total investments: 8
  • Round size: Seed $1.2M–$5M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Wicrypt — Wicrypt is a dynamic organization that consistently allows its users to get paid by sharing their Wi-Fi.
  • Sienna Networks — Sienna is a privacy-first and cross-chain decentralized finance platform where you can privately swap, lend and convert your tokens into their private equivalent. ‍
  • Trace Network Labs — Trace Network Labs is a metaverse technology firm for fashion and lifestyle that offers a shopping experience through a metaverse.
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Sandeep Nailwal
Angel · Mumbai, Maharashtra, India · 1 investments in Nigeria Hardware startups

Sandeep Nailwal is based out of United States and is the Co-Founder and Chief Executive Officer of Polygon. Sandeep previously worked at Scopeweaver as a Co-Founder and CEO. Sandeep Nailwal attended the Indian Institute of Management.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, Singapore

Investor stats

  • Total investments: 195
  • Round size: Seed $1M–$9.5M; Pre-Seed $450k–$6M; Series A $8M–$40M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Tria — Threely is onboarding billions onto Web3 with universal identities. Threely addresses are blockchain-agnostic identities that can be used across Web3 as a profile, chain-agnostic payment endpoints, logins, zkKYCs, and more. Threely is doing the crucial work of helping the top blockchain protocols, wallets, and dApps cast a wider net to onboard abroader part of the internet to Web3.
  • Self Protocol — Self is spearheading a secure, human-first internet by allowing users to verify their identities while maintaining their privacy. Self Protocol is an identity and proof-of-humanity solution that uses zero-knowledge technology to confirm personhood and distinctive traits, like age and nationality, without revealing private information.
  • SuperGaming — At SuperGaming, we are putting India on the global gaming map.
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START EQUITY VENTURES
VC Fund · Ashburn, Virginia, United States · 1 investments in Nigeria Hardware startups

Start Equity is an early stage venture capital firm committed to fueling the growth and success of startups. With a deep understanding of the entrepreneurial landscape and a passion for innovation, we actively seek out and invest in early-stage startups.

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Investment focus

  • Industry: Software, Health Care, Machine Learning
  • Stage:Seed, Series A, Series B
  • Geography: United States, Nigeria, Pakistan

Investor stats

  • Total investments: 11
  • Lead/follow: no public data

Portfolio highlights

  • Uplift Labs — Optimize human movement performance with AI-powered insights. Uplift provides detailed movement analysis for teams, coaches, trainers, and broadcasters, using existing mobile devices or video feeds.
  • Sully.ai — Sully is deploying autonomous medical workers into healthcare organizations to address the most expensive line item in healthcare: payroll ($800b/yr in the US alone). Today, Sully's autonomous workers can perform most medical staff tasks 100x faster and 20x cheaper. From Digital Triage Nurses and Autonomous Medical Assistants to DigitalScribes and Digital Receptionists, our workers can automate patient check-in, assessments, documentation, diagnosis support, and billing that integrates with Electronic Health Records (EHRs)
  • AiDEN Auto — AiDEN Auto offers a software platform for real-time vehicle communication and in-car services.
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Elizabeth Williams
Angel · 1 investments in Nigeria Hardware startups

Elizabeth Williams

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Investment focus

  • Industry: Internet, Network Security, Telecommunications
  • Stage:Pre-Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Octofi Limited — Octofi is a Wireless Internet Service Provider (WISP) that provides fast, reliable and affordable quality internet through Wi-Fi technology to individuals, homes and offices.
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Velocity Digital
VC Fund · 1 investments in Nigeria Hardware startups

Syndicate focused on funding for the most Ambitious Founders in Africa

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Investment focus

  • Industry: CRM, EdTech, Internet
  • Stage:Angel, Pre-Seed
  • Geography: Nigeria, United States

Investor stats

  • Total investments: 4
  • Round size: Angel $100k–$130k
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Klas — Anyone, anywhere can teach online. Create & sell your ebooks, courses, and live classes- all on Klas.
  • ZeroComplex AI — ZeroComplex AI develops Artificial Intelligence workflow that intends to revolutionize business operations with simplified AI integration.
  • Bridgecard — Issue physical or virtual cards that carry a MasterCard or Visa logo to your users with our card issuing APIs. Get started in a week.
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Friále
VC Fund · San Francisco, California, United States · 1 investments in Nigeria Hardware startups

Friále invest in start-ups all over the world who are doing big things. They act like the investors they would want as founders. They know what this is, because they are founders themselves. They usually invest at the seed stage, with the aim to follow-on as the company grows.

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Investment focus

  • Industry: Health Care, Financial Services, Medical
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Nigeria, India

Investor stats

  • Total investments: 23
  • Round size: Seed $1.3M–$4.5M; Pre-Seed $450k–$5M; Series A $3M–$20M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • Myria — Annually, the wealthiest 300,000 people spend $1.3 million each on their lifestyle, but still struggle to find everything they want. - The most sought-after products, services, and experiences are never listed online. - Private events, private clubs, and numerous other categories are not accessible. - The best people don't need the web tofind clients or jobs. Myria is a private marketplace & community where all participants are fully vetted. Our offers are exclusive and otherwise unavailable online. Myria helps off-market sellers reach the nicest, richest, and most quailed buyers on Earth. In turn, we help the world’s most successful people find the best of everything and get the most out of life.
  • Blaze.tech — Blaze is the smarter no-code platform for teams to build internal tools. Create beautiful client portals, admin panels, inventory management systems, and automated workflows without needing to write any code. Trusted by enterprise companies for security and scale. Loved by startup entrepreneurs for being so easy to use and build applications.
  • Standard Practice — Nibble Health eliminates financial barriers to great healthcare, keeps your employees healthy, and saves your company money
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Merijn Campsteyn
Angel · Leuven, Vlaams-Brabant, Belgium · 1 investments in Nigeria Hardware startups

Merijn Campsteyn is the Chief Technology Officer at Deloitte

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Investment focus

  • Industry: CRM, Software, Telecommunications
  • Stage:Angel
  • Geography: Nigeria

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Sendchamp — Messagebird For Africa: Sendchamp provides Communication APIs & CRM for developers & businesses to reach their customers via different messaging channels such as SMS, Email, Voice, Whatsapp, and other digital messaging channels. Our APIs and No code tools help businesses in Africa from the stage of Customer Onboarding, CustomerEngagement, Customer Service & Customer Retention.
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Ingressive Capital
VC Fund · Lagos, Lagos, Nigeria · 1 investments in Nigeria Hardware startups

Ingressive Capital is a renowned $50M Pan-African Venture Capital Fund that invests in indigenous founders and startups across Africa, with focus on Egypt, Ghana, Kenya, Morocco, and Nigeria. Specializing in early-stage investments, particularly Pre-Seed and Seed stages, it targets technology companies led by top-tier talent driving transformativegrowth in Africa's GDP. The firm's thesis focuses on B2C solutions that cater to the explosive growth within the tech-enabled, decentralized-learning youth demographic, as well as B2B solutions that increase Africa’s value chain ownership from resource extraction to end-product sale. Its goal is to become becoming a highly valuable VC partner on the founders' cap tables, and being at the forefront of supporting and enabling entrepreneurial success across Africa.

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Nigeria, United States, Egypt

Investor stats

  • Total investments: 70
  • Lead/follow: no public data

Portfolio highlights

  • Nowlun — Search for cheap & fast freight prices from all shipping lines.
  • REasy — Top up locally, pay suppliers globally, and manage international shipments with REasy. Fast, secure, and designed for African businesses expanding worldwide.
  • Complete Farmer — We are providing cutting-edge technological farming protocols and innovations with a unique business model and logistics that are revolutionizing...
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Lanre Ogungbe
Angel · 1 investments in Nigeria Hardware startups

Co-Founder @myidentitypass | Strategic Advisor at @FastForward_U | Ex @Accounteer

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Investment focus

  • Industry: CRM, Software, Telecommunications
  • Stage:Angel
  • Geography: Nigeria

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Sendchamp — Messagebird For Africa: Sendchamp provides Communication APIs & CRM for developers & businesses to reach their customers via different messaging channels such as SMS, Email, Voice, Whatsapp, and other digital messaging channels. Our APIs and No code tools help businesses in Africa from the stage of Customer Onboarding, CustomerEngagement, Customer Service & Customer Retention.
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Greencap Equity
VC Fund · Lekki, Lagos, Nigeria · 1 investments in Nigeria Hardware startups

Greencap Equity - A Pan-African Investment Company

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Investment focus

  • Industry: FinTech, Finance, Payments
  • Stage:Pre-Seed
  • Geography: Canada, Nigeria

Investor stats

  • Total investments: 3
  • Round size: Pre-Seed $200k–$1M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Bumpa — The easiest way to set-up and manage your online store. Bumpa helps businesses sell on Instagram, Whatsapp, Facebook, and offline in-store.
  • Payday — Send and receive money globally. Create virtual Mastercards that work anywhere online.
  • Payday Global — Send & Receive money globally
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Assembly Capital Partners
VC Fund · London, England, United Kingdom · 1 investments in Nigeria Hardware startups

Assembly Capital Partners operates as a Venture Capital.

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Investment focus

  • Industry: SMS, SaaS, Software
  • Stage:Seed, Series A
  • Geography: Nigeria, United Kingdom

Investor stats

  • Total investments: 3
  • Round size: Seed $1.4M–$7.7M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Instanda — Instanda is a SaaS insurance software platform that allows insurance companies to build, configure, and launch products online. Its no-code product design platform is built on a powerful set of insurance specific calculations, processing, and workflow capabilities.Instanda works with the carriers, MGAs, and brokers in UK, Europe, US, Canada, LATAMand Australia converting the lethargic back office to an agile front office, freeing the industry from high-cost legacy systems.Founded in 2012, Instanda is headquartered in London, England.
  • Index Coop — Index Coop builds decentralized and exchange traded (ETF) crypto index funds based on web3 product themes. Buy & build your crypto assets investment portfolio with us today
  • Termii — Termii is an online platform that helps teams secure repeat customers by sending personalized emails and SMS through multiple.Termii helps African businesses communicate with customers across SMS, email, voice, and instant messaging channels. The company was founded in 2014 and is based in Lagos, Nigeria.
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Hardware Investor funding in Nigeria at a glance

Stats across 109 deals from 171 investors.

171
investors
in Nigeria Hardware startups
109
deals
in Nigeria Hardware startups
$150k
median round
in Nigeria Hardware startups
39%
lead investors
lead at least one round
26%
Grant
most common funding stage
78/22
VC / Angel
share of investor count

Access all 171 investors in Nigeria Hardware startups.

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