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Top 5 Retail Angel Investors in Nigeria (June 2026)

The most active angel investors investing in Nigeria Retail startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Nigeria Retail startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
O.D. Kobo
Angel
1 China, Israel, Nigeria Seed, Series A, Series B Internet, Video, E-Commerce $250k–$32M
Varsha Rao
Angel
1 United States, India, France Seed, Series A, Series B Health Care, Artificial Intelligence, Software $2M–$63M
Michael Novogratz
Angel
1 United States, India, Germany Seed, Series A, Series B Blockchain, FinTech, Cryptocurrency $953k–$26M
Adebowale Martins
Angel
1 Nigeria Pre-Seed Retail, Software, E-Commerce
Baljinder Sharma
Angel
1 Nigeria Seed, Pre-Seed Retail, E-Commerce, Debt Collections $200k–$200k
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Investor list

O.D. Kobo
Angel · London, England, United Kingdom · 1 investments in Nigeria Retail startups

O.D. Kobo is an accomplished entrepreneur with over twenty-years of demonstrated history working in the financial services and technology sector.

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Investment focus

  • Industry: Internet, Video, E-Commerce
  • Stage:Seed, Series A, Series B
  • Geography: China, Israel, Nigeria

Investor stats

  • Total investments: 14
  • Round size: Seed $250k–$2M; Series A $3M–$5M; Series B $12M–$32M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Kobo360 — Kobo360 is Africa's leading supply chain technology platform. We are simplifying the supply chain ecosystem with end-to-end tech products, providing a 360-degree view to all stakeholders.
  • GiveHope
  • Totally Bored
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Varsha Rao
Angel · San Francisco, California, United States · 1 investments in Nigeria Retail startups

Varsha Rao is an Executive Partner at Flare Capital Partners, former Head of Global Operations at Airbnb, CEO of Nurx and COO at Clover Health. She was the Co-Founder of Eve.com. Rao received her BS/BA in Economics/Math from the University of Pennsylvania and an MBA from Harvard Business School.She is an active angel investors withsuccessful investments in AI-Infra, Healthcare, Vertical AI, Consumer Tech and more.

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Investment focus

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

Investor stats

  • Total investments: 55
  • Round size: Seed $2M–$15M; Series A $5M–$27M; Series B $9.4M–$63M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • MatX — We make the best chips physically possible for the large model needs of frontier labs.
  • Revyze — Revyze is a community-powered app with a sharp focus on high school education.
  • Pebble — Pebble is the first financial product where you are paid to save, spend, and send your money — all in one balance.
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Michael Novogratz
Angel · New York, New York, United States · 1 investments in Nigeria Retail startups

Michael E. Novogratz is based out of New York, New York, and is the Founder and CEO of Galaxy Digital. Michael previously served at Partner and President of Fortress Investment Group. Michael E. Novogratz attended Princeton University.

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Investment focus

  • Industry: Blockchain, FinTech, Cryptocurrency
  • Stage:Seed, Series A, Series B
  • Geography: United States, India, Germany

Investor stats

  • Total investments: 11
  • Round size: Seed $953k–$8.5M; Series A $11M–$26M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Alerzo — Alerzo is a B2B e-commerce retail company providing a technology and services platform that transforms how informal retail stores operate. It offers on-demand inventory distribution and financial services for small informal stores while also providing real-time market trends, customer feedback, and other consumer purchasing data to brands andmanufacturers.The company was founded in 2019 and is based in Ibadan, Nigeria.
  • Verandah — Verandah is story based conscious luxury resort brand retailing amongst the top 100 in the global luxury resort wear space with design roots strongly based in India. Verandah also has a line of 100% Italian made sustainable swimwear to compliment the season-less ready to wear line.
  • Mansa — Built by Black creators with a passion for making culture-positive content, Mansa is the only place to stream the best in Global Black stories
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Adebowale Martins
Angel · 1 investments in Nigeria Retail startups

Adebowale Martins

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Investment focus

  • Industry: Retail, Software, E-Commerce
  • Stage:Pre-Seed
  • Geography: Nigeria

Investor stats

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

Portfolio highlights

  • Hazina — Hazina provides technology and distribution for Consumer Packaged Goods (CPG) brands to improve the quality of insights and engagements from their product sampling campaigns. Hazina matches consumers to product samples from CPGs, delivers directly to consumers at home, and aggregates the feedback and engagements as insights back to the brand.
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Baljinder Sharma
Angel · 1 investments in Nigeria Retail startups

Baljinder Sharma Launch Africa Ventures.

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Investment focus

  • Industry: Retail, E-Commerce, Debt Collections
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 3
  • Round size: Pre-Seed $200k–$200k
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • BFree — BFree focuses its collection processes on sustainably leading customers out of debt by giving them back control over their finances.
  • Pricepally — Pricepally provides access to affordable, nutritious, traceable and secure food items in Africa’s urban cities. Pricepally is a wholesale and sharing economy e-commerce platform that enables people to buy food in bulk or share bulk food items with others online to leverage their collective bargaining power.
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Retail Angel investor funding in Nigeria at a glance

Stats across 7 deals from 8 investors.

8
investors
in Nigeria Retail startups
7
deals
in Nigeria Retail startups
$1.2M
median round
in Nigeria Retail startups
25%
lead investors
lead at least one round
43%
Pre-Seed
most common funding stage

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