Top 5 VC (Venture Capital) Funds in Nigeria in May 2025

Last updated: May 2025 A list of 5 VC (Venture Capital) funds that invest in Venture capital startups based in Nigeria. We rank investors based on the number of investments they made in Venture capital companies from Nigeria. We update this investor list every month.

Top 5 VC (Venture Capital) Funds in Nigeria in May 2025

Investor	Venture Capital Nigeria investments
GreenHouse Capital	3
Stanbic IBTC Bank	1
Zenith Bank	1
Sherpa Africa Partners	1
Flying Doctors Nigeria	1

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Investor list

GreenHouse Capital’s Founding Partners took their own fintech company Venture Garden Group (VGG) from a 7 employee, ₦30 million revenue startup to a 200 employees, ₦2 billion power house in just 4 years and raised an attention grabbing Series A round from Convergence Partners of South Africa. The uniqueness of their position was not lost on thefounders who then cultivated Garden Institute of Business Entrepreneurs (GIBE) to identify, incubate, and invest in young and innovative tech startups solving global challenges in Emerging Markets. GIBE was created to build a world class talent management hub for young and passionate entrepreneurs while creating a pool of technology inclined businesses and innovation oriented leaders.

Investment focus

Financial Services, FinTech, Payments
Seed, Pre-Seed, Funding Round
Nigeria, Kenya, United States

Portfolio highlights

Credpal — Buy now, pay later. Split in 6.
Encore Pay — Encore Pay is a UAE-based FinTech and Payment solutions provider.
MarketForce — MarketForce connects Africa’s informal retail outlets and consumers directly to suppliers of consumer goods and financial services by digitizing orders, delivery, and payments with the aim of solving the last mile distribution challenge.

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Investment focus

Energy, Mobile, Wireless
Debt Financing, Seed, Post-IPO Debt
Nigeria, Kenya, South Africa

Portfolio highlights

M-KOPA — M-KOPA is the global leader for “pay-as-you-go” energy services for off-grid customers. M-KOPA was established in 2011. Following 2 years of piloting and development, M-KOPA began commercial sales in Kenya in October 2012. M-KOPA expanded to Uganda in 2013 and commences operations in Tanzania in late 2014. Their team includes over 500 staff andwe sell our product through more than 1000 retail agents and shops. The founders of the company are experienced mobile technology innovators who believe in the huge potential of transformative, affordable products designed for underserved consumers. While excellent technology is a pre-requisite, technology alone does not solve for customer needs. Success comes when smart technology is combined with a commitment to on-going, on-the-ground delivery. To that end, M-KOPA is beginning to license its technology to experienced and reputable third parties in markets outside of East Africa (licensing queries should be sent to licensing@m-kopa.com). M-KOPA has developed a proprietary, patented technology platform that combines embedded GSM + mobile payments to revolutionize asset financing in emerging markets. The M-KOPAnet platform has been designed and built from the ground up by our talented team of software engineers, who continue to innovate and improve the system every day. It offers the powerful combination of accounting + customer relationship management + inventory tracking in one complete system. Aside from enabling our business operations to scale at record speed, the M-KOPAnet™ platform captures and processes huge volumes of data, enabling us to improve our proposition, customer service, and security in real-time.
onafriq — MFS Africa is the largest mobile money inter-operability hub in Africa, which connects mobile network operators across the continent through a single API. In addition to mobile remittance services, the MFS Africa API enables merchant payment, bulk payment, bank-to-wallet transfers, and an array of other cross border digital payments services.
ANOH Gas Processing Company — ANOH Gas Processing Company is a midstream gas company committed to the processing of gas from OML 53 for distribution to the local market.

At Zenith, we believe that the beauty of life lies in the little things that give us a better expression of ourselves, make us more social and connect emotionally.

Investment focus

Energy, Incubators, Communities
Seed, Debt Financing
Nigeria

Portfolio highlights

ANOH Gas Processing Company — ANOH Gas Processing Company is a midstream gas company committed to the processing of gas from OML 53 for distribution to the local market.
Nigeria Health Innovation Markeplace (NHIM) — Nigeria Health Innovation Marketplace (NHIM) is the country's foremost healthcare innovation platform focusing on impact investing in broad scale innovations in health, spurring social entrepreneurship, and connecting actors in the innovation ecosystem with the intent to leapfrog constrains and accelerate improvement in Nigeria's healthoutcomes. It was initiated by Mr. Bill Gates, President Goodluck Ebele Jonathan, Alhaji Aliko Dangote, Dr. Muhammad Ali Pate, Mr. Jim Ovia, Mr. Aigboje Aig-Imoukhuede, and Mrs. Sola David Borha.

A venture fund for pre-seed startups in Africa, led by Startup Operators, backed by Startup Operators.

Investment focus

Financial Services, Finance, FinTech
Pre-Seed, Seed, Funding Round
Kenya, Nigeria, South Africa

Portfolio highlights

Novek — Novek builds IOT technology to completely eliminate single use plastic from FMCG Supply chains.
CashBackApp — An App that offers you Cash Discounts on a wide range of household essentials available at local supermarkets in Kenya.
Jackfruit Finance — Jackfruit Finance provides money, technology, and rewards to enable low-cost African schools to expand access to education.

Flying Doctors Nigeria is an ambulance service company that provides medical emergency services. The company also provides medical solutions such as air ambulance and medical evacuation and ground ambulance services. They offer rapid transfer and the highest standards of care to patients in acute medical need, serving both states and privatecompanies on a yearly retainer basis.Flying Doctors Nigeria operates stations manned by specially trained medical doctors across the country from where real-time responses are affected. It was founded in 2009 and is based in Lagos, Nigeria.