Top 20 Manufacturing Startup Investors in Nigeria in October 2023

Portfolio highlights

• Releaf — 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.
• 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.
• SHYFT Power Solutions — SHYFT builds industrial-grade IoT and integrated software to connect and intelligently manage distributed energy resources (DERs) in markets that struggle with resiliency. SHYFT is pioneering the development of integrated decentralized power systems in emerging markets like Nigeria, leapfrogging over traditional central infrastructure and enablingDERs to scale and support existing but unreliable grids.

Portfolio highlights

• Balad — Balad is Egyptian Cross Border Payout Network primarily serving Money Transfer Operators (MTOs), fintechs and mobile wallets. Targeting sending markets including GCC, EU, US, Canada, and UK
• Anchor — Anchor is a Lagos-based banking-as-a-service platform for African businesses. Anchor provides APIs and infrastructure to build, embed and launch powerful financial products in a secure and scalable way.
• Itana — Talent City’s mission is to build a network of charter cities that focuses on creating technology-enabled jobs within a free trade zone with its own regulation and bylaws.

Portfolio highlights

• Lula — Making Mobility Viable and Profitable
• Releaf — 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.
• Atmos — Atmos is building a managed marketplace for homebuilding, connecting home buyers that want to build a house with builders who can help them do just that and the financing to make it happen.

Portfolio highlights

• Whop — One-stop-shop for all the latest and greatest digital products to help you earn online. From trading software to reselling communities, we've got you.
• Proof of Play — We are a team of veteran game developers and entrepreneurs creating onchain games and open source technology. Our vision is simple: to create generation-defining games that fundamentally grant power and ownership to the players who play them.
• Scenario — Scenario is a developer of application modeling 3D objects for the metaverse. This technology makes and shares 3D experiences that help in scanning and capturing anything in the world with a smartphone.

Portfolio highlights

• Koolboks — Koolboks provides a reliable and alternative storage technique due to the superior insulation and ice battery technology employed in the design.
• Salpha Energy — We are addressing the huge market need for energy by enabling people harness the infinite source of light that freely accessible to everyone.
• Mobile Power Ltd — Mobile Power's innovative pay-per-use battery sharing network unlocks clean energy for households, businesses and electric transport in Sub-Saharan Africa.

Portfolio highlights

• Releaf — 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 — Tripesa offers payment solutions for Africa's travel and tourism industry.
• Norebase — Norebase knows that there's an opportunity to grow successful businesses in Africa. It also understands the complexities of the market, and so is using technology to make doing business in Africa worthwhile. With Norebase get to operate in Africa with no hassle and with minimum risk.

Portfolio highlights

• GramVaani — Gram Vaani [meaning 'voice of the village'] is a social tech company based at IIT-Delhi. Their objective is to reverse the flow of information, that is, to make it bottom-up instead of top-down, by helping connect communities with companies/governments/dev agencies. Using simple technologies and social context to design tools,Gram Vaani has been able to impact communities- more than 2 million users in over 15 Indian States, Afghanistan, Pakistan, Namibia and South Africa.
• Haqdarshak — Haqdarshak is a technology-enabled platform working to transform how Indian citizens learn about, apply for, and benefit from, government schemes. The company is composed of a group of passionate social entrepreneurs using technology to impact the next billion. The team comprises of individuals from diverse background who have come together out ofcommon interest and passion. The investor community represents individuals holding prestigious positions in different companies across various sectors.
• ReCircle — They are a Waste Management service that provides a free doorstep pick-up service for offices, institutions, households and schools to dispose their recyclable waste (Raddi). They further supply this recycled waste to authorized recycling centres, ensuring safety and sustainability.

Portfolio highlights

• Arone — Arone pioneers technology that makes the world work more efficiently. 

In the air, Arone’s infrastructure enables hospitals access essential supplies on-demand for their patients. We also provide this infrastructure to logistics companies to enable a faster courier service for their customers. This infrastructure includes drones, dronedelivery stations (Avports), drone operators and license. For government institutions and organisations, Arone manufactures state of the art unmanned aerial vehicles (UAVs) saving lives and costs. For consumer electronics, Arone’s technology powers homes, offices and shops ensuring millions of people have access to electricity to live better lives.

Portfolio highlights

• CO2 AI — Empowering decision-makers to sustain our world via advanced software that shifts carbon emissions reduction from the theoretical to the impactful.
• UpSlide — Produce high-quality reports and presentations faster in PowerPoint, Excel and Word. Save up to 8h each month in just a few clicks!
• Commsignia — Commsignia specializes in the research and development, manufacturing and distribution of cooperative intelligent transportation systems. Its product line includes a V2X Communication Software Stack and Commsignia’s own security stack implementation, Hybrid V2X/ADAS Safety Applications, a V2X Simulator, On-Board Units (OBU) and Roadside Units(RSU).The company was founded in 2012 and is headquartered in Santa Clara, California.

Portfolio highlights

• CellFE — CellFE is a company developing a microfluidics based device to deliver gene-editing molecules. CellFE developed microfluidic device and process that can efficiently deliver gene-editing molecules into the human cells.
• rabbit — Revolutionizing human-machine interaction
• Vayu Robotics — Vayu Robotics is an AI robotics company that develops and commercializes automotive sensing, autonomous vehicles, and robotics technology.

Portfolio highlights

• Releaf — 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.
• TILLIT — Tillit is a DIY investment platform for retail investors offering best-in-class funds across regions, asset classes and styles. We are built and backed by investment specialists who believe that the success to long-term investing lies in funds. With a clean design, a user-friendly interface and engaging content, we empower people to make moreinformed investment decisions. We want people to stop trading and start investing.
• Inclusively — Our workforce inclusion solution empowers employers with training, support, and more to attract and retain previously untapped talent.

Portfolio highlights

• Arone — Arone pioneers technology that makes the world work more efficiently. 

In the air, Arone’s infrastructure enables hospitals access essential supplies on-demand for their patients. We also provide this infrastructure to logistics companies to enable a faster courier service for their customers. This infrastructure includes drones, dronedelivery stations (Avports), drone operators and license. For government institutions and organisations, Arone manufactures state of the art unmanned aerial vehicles (UAVs) saving lives and costs. For consumer electronics, Arone’s technology powers homes, offices and shops ensuring millions of people have access to electricity to live better lives.

Portfolio highlights

• Lengo — Lengo is an AI based intelligence platform that offers a large database on consumer goods for companies in the FMCG sector.
• Zanifu — The zanifu platform, allows small retailers in Sub Saharan Africa, to procure inventory from their suppliers & pay later.
• Fixit45 — Your best ever automobile service experience awaits you.

Portfolio highlights

• OmniBiz — Omnibiz is a digital platform for small businesses willing to attract new customers.
• AgroEknor — AgroEknor provides agricultural research, integration, technology based optimization & global delivery of the agro superfoods.
• Fastizers — Fastizers Food and Confectionery Limited is a newly formed food production firm in Nigeria that has been approved by the National Agency for Food and Drug Administration and Control (NAFDAC).

Portfolio highlights

• Arone — Arone pioneers technology that makes the world work more efficiently. 

In the air, Arone’s infrastructure enables hospitals access essential supplies on-demand for their patients. We also provide this infrastructure to logistics companies to enable a faster courier service for their customers. This infrastructure includes drones, dronedelivery stations (Avports), drone operators and license. For government institutions and organisations, Arone manufactures state of the art unmanned aerial vehicles (UAVs) saving lives and costs. For consumer electronics, Arone’s technology powers homes, offices and shops ensuring millions of people have access to electricity to live better lives.

Portfolio highlights

• Laborhack — LaborHack offers a select network of tested and certified carpenters, plumbers, electricians, masons, welders, and other tradespeople. It provides cleaning, plumbing, electrical, and HVAC services.
• Trade Lenda — With Trade Lenda, get quick finance in Nigeria without collateral.
• Feather Africa — Feather Africa provides money transaction services, such as enabling users to send and receive money from anyone using the application. It offers withdrawals of cash without ATM cards by sending money to the nearest cash vendors.

Portfolio highlights

• WeLight — WeLight deploys sustainable and accessible solutions to accelerate energy inclusion in rural areas of Africa.
• Okra Solar — Okra Solar is an IoT technology solution that enables solar generating communities to share and utilize more energy. It is a plug-and-play smart grid technology that enables rapid electrification for last-mile communities. Using mobile payments, modular grid design, and remote monitoring, they provide utility companies with a low-cost, data-drivensolution to operate solar networks in hard to reach communities. They are on a mission to connect off-grid communities to the modern economy.Okra Solar was founded in 2016 and is headquartered in Sydney, Australia.
• Solarise Africa — Solarise Africa is a pan African energy leasing company for solar PV and other energy assets focusing on Commercial and Industrial (C&I) clients. Its business model is designed for scalability. Solarise Africa focuses on providing smart financing through close collaboration with a selected group of partners across solar and other renewableenergy technologies. For solar PV it is focusing on captive rooftop and ground mounted solar projects ranging from 100kW to 3MW. It is currently active in Kenya, looking to open in South Africa and has plans to expand into East, Southern and West Africa.

Portfolio highlights

• oVice — oVice is a virtual spatial platform that allows people to gather in one place, move, talk, and collaborate freely as avatars. With the mission of “maximizing effective online communication”, oVice develops and provides lifelike features that offer users a close-to-reality interactive online experience. Featuring customization, you can change thelayout to match the theme of your usage, build lockable rooms, place down static objects, and more!Use it as a remote office, an event venue, an academic conference hall, and even a space for parties!
• Beatrust — BeaTrust helps each employee to connect easily, accelerating collaboration, and driving innovation. The company was founded in 2020 and based in Tokyo, Japan.
• SmarterEye — SmarterEye is a technology company dedicated to the R&D and manufacture of autonomous driving systems and related products.

Portfolio highlights

• Agricorp International Development Limited — Agricorp is a proudly Nigerian company that provides global exports to clients of ginger sourced in key trading markets in Kaduna (Nigeria). We currently have an origination processing facility in Nigeria.In 2019, the team invested in building a semi-mechanized processing facility in Kaduna, capable of processing over 5,000MT of ginger annually.The facility employs over 100 local workers (80% women) in the cleaning and sorting sections of the process. In 2020, the company established its UK entity (Agricorp Inc.) to support its marketing efforts in pushing more products to Europe.Nigeria is the second largest producer of ginger in the world, but meagerly accounts for just 3.5% of the export market share due to capacity constraints and consistency. With this investment, Agricorp can deliver on exporting ginger and other processed spices to major buyers in the Middle East, Europe and America.

Portfolio highlights

• Agricorp International Development Limited — Agricorp is a proudly Nigerian company that provides global exports to clients of ginger sourced in key trading markets in Kaduna (Nigeria). We currently have an origination processing facility in Nigeria.In 2019, the team invested in building a semi-mechanized processing facility in Kaduna, capable of processing over 5,000MT of ginger annually.The facility employs over 100 local workers (80% women) in the cleaning and sorting sections of the process. In 2020, the company established its UK entity (Agricorp Inc.) to support its marketing efforts in pushing more products to Europe.Nigeria is the second largest producer of ginger in the world, but meagerly accounts for just 3.5% of the export market share due to capacity constraints and consistency. With this investment, Agricorp can deliver on exporting ginger and other processed spices to major buyers in the Middle East, Europe and America.