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Top 10 Medical Device Startup Investors in Nigeria (August 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
FINCA Ventures
VC Fund
2 Kenya, Nigeria, United States Seed, Grant, Series A Financial Services, Agriculture, FinTech $40k–$4.2M
Ventures Platform
VC Fund
2 Nigeria, United States, Kenya Seed, Pre-Seed Financial Services, FinTech, Internet $100k–$4.4M
Newtown Partners
VC Fund
2 South Africa, United States, Ghana Seed, Series A Logistics, Health Care, Transportation $1M–$30M
CRI Foundation
VC Fund
1 Nigeria Seed Health Care, Medical Device, Professional Services
Future Africa
VC Fund
1 Nigeria, United States, Kenya Seed, Pre-Seed, Series A Financial Services, FinTech, Information Technology $100k–$40M
Aruwa Capital
VC Fund
1 Nigeria, United States, France Seed, Venture - Series Unknown, Series A Retail, FinTech, Health Care $100k–$20M
Consonance Investment Managers
VC Fund
1 Nigeria, United States, Kenya Seed, Series A, Pre-Seed Software, Information Technology, B2B $50k–$10M
Greentree Investment Comany
VC Fund
1 Nigeria Pre-Seed, Seed Financial Services, Internet, Logistics $50k–$300k
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, Panama Debt Financing, Seed B2B, Health Care, Retail $125k–$1.8M
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Investor list

FINCA Ventures
VC Fund · Washington, District of Columbia, United States · 2 investments in Nigeria Medical Device startups, 7 in the past 12 months

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, FinTech
  • 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

  • Karpolax — Offering innovative fruit preservation products! For the grower, the packer, and the retailer.
  • Silo Africa — Silo Africa is a Grain Storage & Logistics Startup Company.
  • Affinity — Join over 125,000 who trust the Affinity mobile app to manage their banking needs, from savings to payments, as well as instant loans
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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: 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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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, Health Care, Transportation
  • Stage:Seed, Series A
  • Geography: South Africa, United States, Ghana

Investor stats

  • Total investments: 27
  • Round size: Seed $1M–$5.5M; Series A $3.6M–$30M
  • Lead/follow: 37% lead, 63% 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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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.
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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: 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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Aruwa Capital
VC Fund · Lagos, Lagos, Nigeria · 1 investments in Nigeria Medical Device startups

Aruwa Capital Management is a Lagos-based, female-founded and led growth equity impact fund.

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Investment focus

  • Industry: Retail, FinTech, Health Care
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Nigeria, United States, France

Investor stats

  • Total investments: 22
  • Round size: Seed $100k–$3M; Series A $11M–$20M; Venture - Series Unknown $1.5M–$2M
  • Lead/follow: 82% lead, 18% follow
  • Last fund: Likely still investing — raised $20M in 2022

Portfolio highlights

  • Koolboks — Koolboks: solar-powered, financially accessible fridges with an integrated pay-as-you-go platform dedicated to making cooling accessible to all of Sub-Saharan Africa. Get a Koolboks refrigerator for as little as 25k Naira down payment today!
  • Sika — Sika Box offers a comprehensive solution for global payment processing, focusing on bridging the payment divide between global enterprises and emerging markets. Utilizing blockchain and modern technologies, Sika Box re-engineers the payment process from customer acquisition to settlement. The platform enables merchants to offer alternate and localpayment options, facilitating seamless transactions. With a unified payment infrastructure named STASH, Sika Box allows merchants to consolidate payments from across the globe through a single payment gateway integration, simplifying the global commerce landscape for businesses.
  • Yikodeen — Yikodeen is a well-known and established footwear manufacturing company.
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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, 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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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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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: B2B, Health Care, Retail
  • Stage:Debt Financing, Seed
  • Geography: Kenya, Nigeria, Panama

Investor stats

  • Total investments: 8
  • Round size: Debt Financing $125k–$1.8M
  • Lead/follow: 25% lead, 75% 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 11 deals from 16 investors.

16
investors
in Nigeria Medical Device startups
11
deals
in Nigeria Medical Device startups
$300k
median round
in Nigeria Medical Device startups
44%
lead investors
lead at least one round
36%
Seed
most common funding stage
100/0
VC / Angel
share of investor count

Access all 16 investors in Nigeria Medical Device startups.

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