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Top 5 Retail Angel Investors in Nigeria (September 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
Varsha Rao
Angel
2 United States, India, France Seed, Series A, Series B Health Care, Artificial Intelligence, Software $2M–$63M
Adebowale Martins
Angel
1 Nigeria Pre-Seed Retail, Software, E-Commerce
Baljinder Sharma
Angel
1 Nigeria, Kenya, South Africa Pre-Seed, Seed, Venture - Series Unknown E-Commerce, Retail, Payments $200k–$1M
Michael Novogratz
Angel
1 United States, India, Germany Seed, Series A, Series B FinTech, Blockchain, Financial Services $1.1M–$150M
O.D. Kobo
Angel
1 China, United States, Israel Seed, Series A, Series B Internet, Social Media, Information Technology $250k–$32M
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Investor list

Varsha Rao
Angel · San Francisco, California, United States · 2 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: 64
  • Round size: Seed $2M–$15M; Series A $5M–$46M; Series B $12M–$63M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Alex AI — Alex is the AI recruiter that puts sourcing, screening, and scheduling on autopilot. Fast-track vetting so you interview the best in days.
  • TextQL — TextQL is you personal virtual data analyst, built for enterprise and powered by AI. Ask in natural english and Ana can build insightful analysis, stunning charts, and powerful models, all with enterprise-grade security.
  • Raindrop — Monitor your AI Agent the right way. Get alerted when your agent fails in production, trace exactly what went wrong, and prove your fix worked.
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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: E-Commerce, Retail, Payments
  • Stage:Pre-Seed, Seed, Venture - Series Unknown
  • Geography: Nigeria, Kenya, South Africa

Investor stats

  • Total investments: 5
  • Round size: Pre-Seed $200k–$1M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • KUNE — Kune is a foodtech start-up based in Nairobi. We produce quality take-away meals at an affordable price and distribute it to individuals, retails, and corporate. Following a pre-seed round, Kune is building a 5000 meals-a-day food factory and hiring its founding team.
  • 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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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: FinTech, Blockchain, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United States, India, Germany

Investor stats

  • Total investments: 11
  • Round size: Seed $1.1M–$8.5M; Series A $11M–$26M; Series B $60M–$150M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Curative — Get on-the-go COVID-19 testing and other essential health services, wherever you are.
  • 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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O.D. Kobo
Angel · London, England, United Kingdom · 1 investments in Nigeria Retail startups

O.D. Kobo is an alternative asset manager with more than two decades of experience leading capital deployment, structured finance, and cross-border investment execution across institutional, sovereign, and principal-backed mandates, with a sectoral focus on technology, energy, and infrastructure.

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Investment focus

  • Industry: Internet, Social Media, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: China, United States, Israel

Investor stats

  • Total investments: 15
  • Round size: Seed $250k–$2M; Series A $3M–$5M; Series B $12M–$32M
  • Lead/follow: 47% lead, 53% 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 — Voted the #1 Most Reliable Fundraising Website for Personal Causes #GiveHope
  • Totally Bored — Totally Bored is a trivia-style app designed to provide light-hearted amusement.
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Retail Angel investor funding in Nigeria at a glance

Stats across 11 deals from 11 investors.

11
investors
in Nigeria Retail startups
11
deals
in Nigeria Retail startups
$1.2M
median round
in Nigeria Retail startups
18%
lead investors
lead at least one round
36%
Pre-Seed
most common funding stage

Access all 11 angel investors in Nigeria Retail startups.

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