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Top 10 Medical Device Startup Investors in Nigeria (November 2026)

The most active venture capital funds and angel investors investing in Nigeria Medical Device startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Nigeria Medical Device startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Newtown Partners
VC Fund
2 United States, South Africa, Ghana Seed, Series A, Venture - Series Unknown Logistics, Software, Health Care $600k–$30M
Ventures Platform
VC Fund
2 Nigeria, United States, Kenya Seed, Pre-Seed Financial Services, FinTech, Internet $100k–$4M
FINCA Ventures
VC Fund
2 Kenya, Nigeria, United States Seed, Grant, Series A Financial Services, Agriculture, AgTech $40k–$4.2M
Future Africa
VC Fund
1 Nigeria, United States, Kenya Seed, Pre-Seed, Series A Financial Services, FinTech, Information Technology $100k–$40M
Consonance Investment Managers
VC Fund
1 Nigeria, United States, Kenya Seed, Series A, Pre-Seed Software, Financial Services, Information Technology $50k–$10M
Sasware
VC Fund
1 Nigeria Seed Software, Big Data, Consulting
Greentree Investment Comany
VC Fund
1 Nigeria Pre-Seed, Seed Financial Services, Internet, Logistics $50k–$300k
CRI Foundation
VC Fund
1 Nigeria Seed Health Care, Medical Device, Professional Services
HealthCap
VC Fund
1 Nigeria, United States, Spain Seed, Pre-Seed, Series A Health Care, Financial Services, FinTech $20k–$37M
The A to Z Impact Foundation
VC Fund
1 Kenya, Nigeria, United States Debt Financing, Seed Health Care, B2B, Retail $125k–$1.8M
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Investor list

Newtown Partners
VC Fund · Cape Town, NA - South Africa, South Africa · 2 investments in Nigeria Medical Device startups

Newtown Partners is a venture capital firm that actively invests in emerging, disruptive technology startups.

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Investment focus

  • Industry: Logistics, Software, Health Care
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: United States, South Africa, Ghana

Investor stats

  • Total investments: 38
  • Round size: Seed $600k–$5.3M; Series A $3.3M–$30M; Venture - Series Unknown $2M–$2.5M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • MDaaS Global — At MDaaS Global, we build and operate modern, tech-enabled diagnostic centres in clinically-underserved communities, starting in Nigeria. Our big goal is to create affordable healthcare solutions for Africa's next billion.
  • Chefaa — Chefaa is a GPS-enabled pharmacy benefits platform connecting patients & pharmacies nation-wide to help patients manage all their pharmacy needs. Chefaa uses big data, data ming & machine learning
  • Waspito — We are the platform that engages Africa into the conversation and action to drive affordable and accessible quality healthcare across the continent.
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Ventures Platform
VC Fund · Abuja, Federal Capital Territory, Nigeria · 2 investments in Nigeria Medical Device 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: 173
  • Round size: Seed $100k–$4M; Pre-Seed $100k–$2M
  • Lead/follow: 27% lead, 73% follow
  • Last fund: Likely actively investing — fresh fund, raised $84M in 2025

Portfolio highlights

  • Myka.Insure — Myka is a insurance sales platform that enables individuals to sell insurance policies to their family, friends, colleagues, and community while earning income . It operates as a micro-entrepreneurship program where anyone (students, gadget sellers, car dealers, parents, retirees) can start their own insurance business with zero investment,flexible hours, and free training . The company is licensed by the National Insurance Commission of Nigeria and provides instant payouts to its partners .
  • Cybervergent — Start with your industry and see how Cybervergent delivers Digital Trust, from posture to proof, written for your context.
  • Traction Apps — Traction apps provide businesses end to end tools they need to run and grow their businesses.
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FINCA Ventures
VC Fund · Washington, District of Columbia, United States · 2 investments in Nigeria Medical Device startups

FINCA Ventures is an impact investing initiative of FINCA International that provides patient capital and support to early-stage social enterprises.

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Investment focus

  • Industry: Financial Services, Agriculture, AgTech
  • Stage:Seed, Grant, Series A
  • Geography: Kenya, Nigeria, United States

Investor stats

  • Total investments: 32
  • Round size: Seed $1.1M–$4M; Grant $40k–$100k; Series A $1.1M–$4.2M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Cladfy — Cladfy is a data analytics company that creates tools to assist lenders, merchants, and individuals in making informed loan, savings, and expenditure decisions.
  • Karpolax — Offering innovative fruit preservation products! For the grower, the packer, and the retailer.
  • Affinity — Join over 145,000 who trust the Affinity to manage their personal and business banking needs, from payments to savings, as well as loans
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Future Africa
VC Fund · San Francisco, California, United States · 1 investments in Nigeria Medical Device 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: 93
  • Round size: Seed $500k–$4M; Pre-Seed $100k–$3.7M; Series A $7M–$40M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • STEM Cafe — STEMCafe by RVRB is a fun out of school learning centre for kids
  • 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.
  • Talent Nation — Talent Nation trains and places AI engineers with businesses through its Learn2Earn academy.
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Consonance Investment Managers
VC Fund · Lagos, Lagos, Nigeria · 1 investments in Nigeria Medical Device 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, Financial Services, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 45
  • Round size: Seed $550k–$4M; Pre-Seed $185k–$1M; Series A $50k–$10M
  • Lead/follow: 44% lead, 56% 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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Sasware
VC Fund · Lagos, Lagos, Nigeria · 1 investments in Nigeria Medical Device startups

They are a technology investment company that provides seed fund for technology and technology-enabled start-ups and those in their growth phase.Their goal is not just to provide you with seed fund, but to also provide young entrepreneurs with the tools and resources they need to develop and take their business to the next level.Throughworkshops, mentorship, and linking entrepreneurs with their network, they aim to expose the entrepreneur to profitable business models and entrepreneurial skills that would make them successful.

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Investment focus

  • Industry: Software, Big Data, Consulting
  • Stage:Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Codeware — Codeware provides business solutions and Microsoft consulting services in Nigeria.The company offers business process reengineering, business process automation, cost control, business intelligence, knowledge transfer, and support services, as well as Microsoft Dynamics consulting, implementation, and technical support services.It servescustomers from retail, pharmaceutical, manufacturing, automobiles, chemical, payroll, service, distribution and consumer products, and public sectors. The company is headquartered in Lagos, Nigeria.
  • MediSmarts — Medismarts Inc. develops and sells compelling, integrated healthcare software that uses advanced technologies to improve medical practice productivity for Health insurance companies and Hospitals.
  • Compex Africa — Compex Africa is an online marketplace for buying and selling businesses. Its mission is to connect business brokers and individual sellers of businesses across the African continent with potential buyers either locally or internationally. Our online marketplace provides easy access to thousands of businesses for sale.
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Greentree Investment Comany
VC Fund · 1 investments in Nigeria Medical Device startups

Greentree Investment Comany is an investment firm.

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Investment focus

  • Industry: Financial Services, Internet, Logistics
  • Stage:Pre-Seed, Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 3
  • Round size: Pre-Seed $50k–$300k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • MDaaS Global — At MDaaS Global, we build and operate modern, tech-enabled diagnostic centres in clinically-underserved communities, starting in Nigeria. Our big goal is to create affordable healthcare solutions for Africa's next billion.
  • Eazyhire — Eazyhire is allows people and businesses rent assets such as equipment and vehicles that they need temporarily while providing value to the owners of those underutilized assets. We also provide asset financing through our rent to own service in partnership with financial institutions and OEMs
  • Riby — At Riby we provide solutions that manages Collaborative and Community-based access to finance, peer-to-peer lending and saving groups.
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CRI Foundation
VC Fund · Boston, Massachusetts, United States · 1 investments in Nigeria Medical Device startups

CRI Foundation is a private foundation focused on connecting resources to needs.

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Investment focus

  • Industry: Health Care, Medical Device, Professional Services
  • Stage:Seed
  • Geography: Nigeria

Investor stats

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

Portfolio highlights

  • MDaaS Global — At MDaaS Global, we build and operate modern, tech-enabled diagnostic centres in clinically-underserved communities, starting in Nigeria. Our big goal is to create affordable healthcare solutions for Africa's next billion.
Show all investments...

HealthCap
VC Fund · 1 investments in Nigeria Medical Device startups

Flying Doctors Healthcare Investment Company is a healthcare and wellness sector investment firm.

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Investment focus

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

Investor stats

  • Total investments: 16
  • Round size: Seed $20k–$3M; Pre-Seed $100k–$200k; Series A $3M–$37M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • MDaaS Global — At MDaaS Global, we build and operate modern, tech-enabled diagnostic centres in clinically-underserved communities, starting in Nigeria. Our big goal is to create affordable healthcare solutions for Africa's next billion.
  • Nestcoin — Nestcoin is a web3 application company that builds, operates, and invests in crypto-native products.
  • GetEquity — GetEquity is a NASDAQ for venture capital. We provide an exchange and liquidity for private companies, and an infrastructure for different cadres of venture capital around investing, founder liquidity, and shareholder management
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The A to Z Impact Foundation
VC Fund · 1 investments in Nigeria Medical Device startups

Impact-First Investing A to Z happily sacrifices financial returns on its investments in exchange for shared prosperity and positive societal outcomes. These investments empower underserved communities, leading to better jobs, improved health, and a higher quality of life.

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Investment focus

  • Industry: Health Care, B2B, Retail
  • Stage:Debt Financing, Seed
  • Geography: Kenya, Nigeria, United States

Investor stats

  • Total investments: 9
  • Round size: Debt Financing $125k–$1.8M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Cropsafe — Cropsafe provides comprehensive agricultural services to maximize profitability and sustainability for smallholder farmers and rural women. It also offers pre- and post-harvest needs, access to proper harvest preservation and storage facilities, handling equipment, processing, access to markets, and agricultural training and development programs.
  • BluLever Educations — Join the artisans & apprentices who are building the future. At BluLever Education you can build your career, business, or the artisan ecosystem with an education partner that believes in artisans. Welcome to our digital home. We offer plumbing and electrical apprenticeships.
  • INNOVA Health Supplies — The mission of INNOVA Health Supplies is to guarantee that everyone has access to safe and efficient solutions for their needs related to sexual and reproductive health.
Show all investments...

Medical Device Investor funding in Nigeria at a glance

Stats across 14 deals from 20 investors.

20
investors
in Nigeria Medical Device startups
14
deals
in Nigeria Medical Device startups
$135k
median round
in Nigeria Medical Device startups
50%
lead investors
lead at least one round
43%
Seed
most common funding stage
100/0
VC / Angel
share of investor count

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