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Top 35 Retail Startup Investors in Nigeria (May 2026)

The most active venture capital funds and 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 Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Consonance Investment Managers
VC Fund
2 Nigeria, United States, Kenya Seed, Series A, Pre-Seed Software, Information Technology, FinTech $50k–$2.5M
Kepple Africa Ventures
VC Fund
2 Nigeria, Kenya, Egypt Seed, Pre-Seed Financial Services, FinTech, Software $100k–$4.5M
Unseen Capital
VC Fund
2 United States, Nigeria Seed, Pre-Seed, Series B Health Care, Wellness, Medical
Launch Africa
VC Fund
2 Nigeria, South Africa, Kenya Seed, Pre-Seed Financial Services, FinTech, Information Technology $200k–$3M
TLcom Capital Partners
VC Fund
2 Nigeria, United States, United Kingdom Series A, Series B Software, Mobile, Information Technology $3.5M–$27M
Flying Doctors Nigeria
VC Fund
2 Nigeria Seed, Pre-Seed, Series A Health Care, Retail, Medical
Chinook Capital Limited
VC Fund
2 Nigeria Seed EdTech, Retail, Home Services $120k–$575k
International Finance Corporation
VC Fund
2 India, Brazil, United States Debt Financing, Series B Financial Services, FinTech, Finance $5M–$300M
Future Africa
VC Fund
2 Nigeria, United States, Kenya Seed, Pre-Seed, Series A Financial Services, FinTech, Information Technology $40k–$20M
Niche Capital
VC Fund
1 United States, Nigeria, Kenya Pre-Seed, Seed, Angel Software, Financial Services, E-Commerce
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
K50 Ventures
VC Fund
1 United States, Colombia, Brazil Seed, Pre-Seed, Series A Health Care, Financial Services, Software $300k–$30M
Chandaria Capital
VC Fund
1 Kenya, United States, Egypt Seed, Series A, Pre-Seed E-Commerce, FinTech, Software $200k–$37M
Atacama Ventures
VC Fund
1 Nigeria, United States Seed Retail, FinTech, Payments
O.D. Kobo
Angel
1 China, Israel, Nigeria Seed, Series A, Series B Internet, Broadcasting, Video $250k–$32M
Musha Ventures
VC Fund
1 United States, Nigeria, Kenya Seed, Pre-Seed, Series A Financial Services, Software, FinTech $50k–$10M
Western Technology Investment
VC Fund
1 United States, Canada, Nigeria Seed, Series A, Series B Software, Health Care, Information Technology $1M–$52M
10K Ventures
VC Fund
1 Brazil, Spain, Germany Seed, Pre-Seed E-Commerce, FinTech, Financial Services $125k–$20M
Soma Capital
VC Fund
1 United States, India, Mexico Seed, Pre-Seed, Series A Software, FinTech, Financial Services $150k–$22M
SVG Ventures
VC Fund
1 United States, Canada, Ireland Pre-Seed, Seed AgTech, Agriculture, Farming $75k–$5.7M
Asymmetry Ventures
VC Fund
1 United States, India, United Kingdom Seed, Pre-Seed, Series A Software, Health Care, Biotechnology $130k–$12M
Michael Novogratz
Angel
1 United States, Nigeria Series A, Seed B2B, Retail, Social
Goldman Sachs
VC Fund
1 United States, India, China Series C, Series B Software, Financial Services, FinTech $13M–$150M
Microtraction
VC Fund
1 Nigeria, United States, Canada Pre-Seed, Seed, Angel Financial Services, FinTech, Software $25k–$1.2M
Nosara Capital
VC Fund
1 United States, Germany, Nigeria Series A, Series B, Series C E-Commerce, B2B, SaaS $9.5M–$53M
AAIC Investment
VC Fund
1 Egypt, Kenya, Nigeria Series A, Seed, Series B Health Care, Medical, E-Commerce $450k–$4.4M
Partech
VC Fund
1 United States, France, Germany Series A, Seed, Series B Software, E-Commerce, Financial Services $1M–$54M
Khosla Ventures
VC Fund
1 United States, India, United Kingdom Series A, Series B, Seed Software, Health Care, Artificial Intelligence $1.5M–$60M
StartUp Health
VC Fund
1 United States, Canada, United Kingdom Seed, Pre-Seed Health Care, Wellness, Medical $20k–$2.5M
GreenTec Capital Partners
VC Fund
1 Kenya, Nigeria, Côte d'Ivoire Seed, Pre-Seed Information Technology, Agriculture, Computer
Pipeline Angels
VC Fund
1 United States, Nigeria Seed, Angel, Pre-Seed Health Care, Education, Software $25k–$2.3M
CardinalStone Capital Advisers
VC Fund
1 Nigeria Series A, Seed Retail, Banking, FinTech $6M–$10M
Hi2 Global Venture Fund
VC Fund
1 Pakistan, United States, Indonesia Seed, Series A Financial Services, E-Commerce, FinTech $3.6M–$37M
Raba Partnership
VC Fund
1 South Africa, United States, Egypt Seed, Series A, Pre-Seed Financial Services, FinTech, Finance $1M–$40M
Access all 68 investors in Nigeria Retail startups.

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Consonance Investment Managers
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Nigeria Retail 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, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 30
  • Round size: Seed $550k–$2.5M; Pre-Seed $450k–$1M; Series A $50k–$1.3M
  • Lead/follow: 50% lead, 50% follow

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.
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Kepple Africa Ventures
VC Fund · Tokyo, Tokyo, Japan · 2 investments in Nigeria Retail startups

Kepple Africa Ventures is an early-stage venture capital firm.

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, Kenya, Egypt

Investor stats

  • Total investments: 74
  • Round size: Seed $500k–$4.5M; Pre-Seed $100k–$3.7M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Chari — Chari is an e-commerce and fintech app for traditional retailers in French-Speaking Africa allowing them to order any consumer goods they sell and get delivered for free in less than 24 hours. Chari is also a financial services provider for these retailers, offering them microloans
  • Carry1st — Carry1st develops and publishes enriching mobile games and content apps for African consumers.
  • Beacon Power Services — Beacon Power Services is a utility company that provides energy management software and analytics for utilities.
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Unseen Capital
VC Fund · New York, New York, United States · 2 investments in Nigeria Retail startups

Unseen Capital created by racially diverse and historically underrepresented business leaders that is intended to identify, fund and support underrepresented founders of early-stage healthcare companies and those building solutions for marginalized communities.

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Investment focus

  • Industry: Health Care, Wellness, Medical
  • Stage:Seed, Pre-Seed, Series B
  • Geography: United States, Nigeria

Investor stats

  • Total investments: 8
  • Lead/follow: no public data

Portfolio highlights

  • Rezilient Health — Reimagine primary care services with Rezilient Health. Every doctor available at every location & 24/7 virtual care with our tele-health techonology.
  • CareAcademy — CareAcademy is an online training platform used by thousands of caregivers across the US.
  • Trial Library — At Trial Library, we partner with the oncology community to enable the discoverability of clinical trials for anyone, anywhere.
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Launch Africa
VC Fund · Ebène, Plaines Wilhems, Mauritius · 2 investments in Nigeria Retail startups, 18 in the past 12 months

Launch Africa is a leading Pan-African VC fund solving the significant funding gap in the Seed and pre-Series A investment landscape in Africa.

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, South Africa, Kenya

Investor stats

  • Total investments: 131
  • Round size: Seed $200k–$3M; Pre-Seed $200k–$1M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $36M in 2022

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.
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TLcom Capital Partners
VC Fund · London, England, United Kingdom · 2 investments in Nigeria Retail startups

TLcom Capital, is an Africa focused tech VC, with offices in Lagos, Nairobi and London. TLcom had been investing since 1999 in Tech, Media, Mobil and Internet companies across Europe, US and Africa, which is the exclusive focus of its most recent TLcom TIDE Africa funds. TLcom manages total commitments of approximately 300 million USD in thesesectors via a series of dedicated investment vehicles. Our investment strategy is to identify, back and assist world class entrepreneurs and management teams with disruptive technologies and business models, compelling intellectual property and deep market knowledge. We primarily target companies focused on Africa as a prime market, in the following investment themes: Access to Data Service; Financial Services; eCommerce; B2C applications (including but not limited to: health, education, energy, media and entertainment); and Software solutions to corporates and SMEs.

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Investment focus

  • Industry: Software, Mobile, Information Technology
  • Stage:Series A, Series B
  • Geography: Nigeria, United States, United Kingdom

Investor stats

  • Total investments: 51
  • Round size: Series A $3.5M–$13M; Series B $10M–$27M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: Likely still investing — raised $150M in 2022

Portfolio highlights

  • Sabipay — Pastel is a leader in Artificial Intelligence. We build products targeted at individuals (SwiftMoney) and enterprises (Sigma) in emerging markets
  • Talstack — Talstack is an all-in-one platform for employee growth and development
  • Terragon Group — Terragon is a leading Data and Marketing Technology company that uses data and analytics to help companies focused in Africa, intelligently connect at scale to their customers. We use an aggregation of online and offline data, and predictive scoring to help brands, marketing agencies and platforms accurately target people across channels anddevices. Headquartered in Lagos; Nigeria, we also have a presence in Kenya, South Africa, Ghana and India.
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Flying Doctors Nigeria
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Nigeria Retail startups

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.

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Investment focus

  • Industry: Health Care, Retail, Medical
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Nigeria

Investor stats

  • Total investments: 5
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • 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
  • Healthtracka — Healthtracka is a digital health platform that allows consumer direct access to lab tests bookings, at-home sample collection and digital results in 1-3days
  • Helium Health — Helium Health empowers healthcare providers in Africa with digital tools, financing solutions, and data partnerships. Learn more about our innovative solutions.
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Chinook Capital Limited
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Nigeria Retail startups

Chinook Capital is focused on investments in seed- and pre-stage companies in internet software, services, and media sectors.

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Investment focus

  • Industry: EdTech, Retail, Home Services
  • Stage:Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 7
  • Round size: Seed $120k–$575k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Edves — Edves automates the brick and mortal School operations from Student enrollment, Fee Collection, Lesson Note up to Transcript Generation.
  • Youverify — Youverify helps businesses and individuals confirm identity and physical addresses. Using AI, Youverify confirms a user’s identity document and compares it with their facial biometrics. This information can be cross-checked against more than 300 databases locally and globally.Youverify in partnership with over 20,000 field verification officersverifies physical addresses all over Sub-Sahara Africa in less than 48 hours.Youverify fills the gap in Africa's digital industry by providing one API for identity and physical address verification.
  • Lifestores Pharmacy — Lifestores is a retail pharmacy start-up bringing disruptive innovation to the pharmaceutical sector in Nigeria by democratizing quality medicines and pharmaceutical services.
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International Finance Corporation
VC Fund · Washington, District of Columbia, United States · 2 investments in Nigeria Retail startups, 26 in the past 12 months

A strong and engaged private sector is indispensible to ending extreme poverty and boosting shared prosperity. That's where IFC comes in - we have more than 60 years experience in unlocking private investment, creating markets and opportunities where they are needed most.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Debt Financing, Series B
  • Geography: India, Brazil, United States

Investor stats

  • Total investments: 255
  • Round size: Series B $5M–$30M; Debt Financing $20M–$300M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • SteinCares — SteinCares is a supplier of specialty healthcare products, such as complex generics, biosimilars, and cutting-edge pharmaceuticals.
  • Veritas Finance — Veritas Finance focuses on meeting the financial needs of the micro, small, and medium enterprises. Veritas Finance Private Limited is an organization started with the primary intention of reaching out to the customers who either have no access or inadequate access to financial services in the informal sector. 'Veritas' in Latin meanstruth. True to its name, Veritas is focused on making a true impact through inclusive access to financial services on the customers engaged in informal activities.The company is run by professionals with rich experience in the financial services industry that aims to make availing credit easy to this segment and make a positive impact on the lives of millions of Indians engaged in informal activities and who actually build the nation.
  • Mahindra Last Mile Mobility — Mile Mobility is a division of M&M that is in charge of the company's well-known mix of petrol, CNG, diesel, and electric last mile mobility 3- and 4-wheelers - passenger and freight vehicles.
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Future Africa
VC Fund · San Francisco, California, United States · 2 investments in Nigeria Retail startups, 10 in the past 12 months

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: 80
  • Round size: Seed $500k–$3.7M; Pre-Seed $40k–$3.7M; Series A $7M–$20M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

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.
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Niche Capital
VC Fund · Lagos, Lagos, Nigeria · 1 investments in Nigeria Retail startups

Venture Capital firm

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Investment focus

  • Industry: Software, Financial Services, E-Commerce
  • Stage:Pre-Seed, Seed, Angel
  • Geography: United States, Nigeria, Kenya

Investor stats

  • Total investments: 14
  • Lead/follow: no public data

Portfolio highlights

  • 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.
  • Blossom.team — Powered by AI, Blossom's science-backed professional coaching brings together experienced coaches & ML to show actual growth on key topics: productivity, communications, leadership, stress management, career development, interpersonal skills, and more. Subscribe and see why it's the successful professional's secret superpower!
  • evaluate.xyz — NFT Valuation Platform and Community
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
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: no public data

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.com — 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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K50 Ventures
VC Fund · New York, New York, United States · 1 investments in Nigeria Retail startups

K50 Ventures is the most trusted first-check investor for mission-driven founders building a better future for the 99% in the US and LATAM.

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Investment focus

  • Industry: Health Care, Financial Services, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Colombia, Brazil

Investor stats

  • Total investments: 147
  • Round size: Seed $1M–$6M; Pre-Seed $300k–$2M; Series A $5.5M–$30M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Assis — Assis goal is to empower business owners by helping them grow their companies through technology that gives customers an amazing experience each and every time they connect with them.
  • Naya Homes — Proptech, real estate, vacation and short-term rentals, consumer finance
  • Somos Internet — Somos Internet is a network and telecommunications startup that provides latest generation internet with a fast, secure, stable connection. The company was founded in 2018 and is headquartered in Medellín, Antioquia, Colombia.
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Chandaria Capital
VC Fund · Nairobi, Nairobi Area, Kenya · 1 investments in Nigeria Retail startups

Chandaria Capital operates as a venture capital Fund. We believe that innovative ideas will transform Africa. We invest, mentor, and work together with incredible entrepreneurs to create impactful companies that can change the continent.

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Investment focus

  • Industry: E-Commerce, FinTech, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Kenya, United States, Egypt

Investor stats

  • Total investments: 28
  • Round size: Seed $200k–$6M; Pre-Seed $1M–$3M; Series A $2M–$37M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Leta — Leta Technology is a software development company that creates supply chain and logistics software to enable the efficient and automated movement of goods.
  • Jumba — Jumba is a construction technology platform that streamlines B2B construction material purchase and financing.
  • UTU Technologies — Trust infrastructure for the sharing economy.
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Atacama Ventures
VC Fund · San Francisco, California, United States · 1 investments in Nigeria Retail startups

Atacama Ventures is an early-stage venture fund supporting big ideas, future brands, and the next generation of fund managers

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Investment focus

  • Industry: Retail, FinTech, Payments
  • Stage:Seed
  • Geography: Nigeria, United States

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Suplias — Suplias is an application that connects retail outlets to consumer goods manufacturers. The company was founded in 2020 and is headquartered in Opebi, Lagos.
  • Sika Health — Sika Health provides payment solutions for the healthcare sector. It enables users to integrate health wallets via tools. Users can use health wallets for expenses such as medical bills, dental, medicines, and more. The company was founded in 2021 and is based in New York, New York.
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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, Broadcasting, Video
  • 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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Musha Ventures
VC Fund · New York, New York, United States · 1 investments in Nigeria Retail startups

Seed capital for technology startups globally.

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Investment focus

  • Industry: Financial Services, Software, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Nigeria, Kenya

Investor stats

  • Total investments: 131
  • Round size: Seed $120k–$3M; Pre-Seed $50k–$3.8M; Series A $2.5M–$10M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Terraa — Terraa is a B2B distribution platform in Moroccan.
  • OmniBiz — Omnibiz is a digital platform for small businesses willing to attract new customers.
  • Revivo — Revivo is an online marketplace for electronics spare parts, tools & accessories.
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Western Technology Investment
VC Fund · Portola Valley, California, United States · 1 investments in Nigeria Retail startups, 12 in the past 12 months

Since 1980, WTI has helped more than 1,300 companies across every innovation sector finance their growth while minimizing dilution.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Nigeria

Investor stats

  • Total investments: 185
  • Round size: Seed $1M–$8.6M; Series A $1.3M–$20M; Series B $8M–$52M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — last raise in 2013

Portfolio highlights

  • Terragon Group — Terragon is a leading Data and Marketing Technology company that uses data and analytics to help companies focused in Africa, intelligently connect at scale to their customers. We use an aggregation of online and offline data, and predictive scoring to help brands, marketing agencies and platforms accurately target people across channels anddevices. Headquartered in Lagos; Nigeria, we also have a presence in Kenya, South Africa, Ghana and India.
  • Helium Health — Helium Health empowers healthcare providers in Africa with digital tools, financing solutions, and data partnerships. Learn more about our innovative solutions.
  • Intuition Robotics — Intuition Robotics empowers older adults to live happier, healthier and independent lives at home with an empathetic digital companion, ElliQ.
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10K Ventures
VC Fund · Berlin, Berlin, Germany · 1 investments in Nigeria Retail startups

10K Ventures is the investment arm of Hansol Joo & Kim Diocampo. Investing in early stage startups and funds globally

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Investment focus

  • Industry: E-Commerce, FinTech, Financial Services
  • Stage:Seed, Pre-Seed
  • Geography: Brazil, Spain, Germany

Investor stats

  • Total investments: 19
  • Round size: Seed $125k–$20M; Pre-Seed $1.5M–$5.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Finblox — Finblox is a platform that helps crypto investors buy and earn rewards on their crypto assets like Bitcoin, USDC, Ethereum, Solana, Avalanche, Axie Infinity
  • Nestcoin — Nestcoin is a web3 application company that builds, operates, and invests in crypto-native products.
  • Yuno — A fast checkout that integrates your company to the payments and fraud ecosystem.
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Soma Capital
VC Fund · San Francisco, California, United States · 1 investments in Nigeria Retail startups, 46 in the past 12 months

Soma Capital is venture capital fund that focuses on investing in software to automate the world across all sectors and geographies.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, Mexico

Investor stats

  • Total investments: 324
  • Round size: Seed $1M–$6M; Pre-Seed $150k–$3.6M; Series A $2.1M–$22M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • 0xPass — Frictionless auth and login for your dapp
  • Arkifi — Arkifi is an artificial intelligence company that develops AI-powered financial analyst tools. Arkifi's framework generates consistent results that avoid fabricating factual details (referred to as "hallucination"), instilling enterprises with an unmatched level of confidence in the outcomes.
  • Gradia Health — Gradia is an integrated, concierge care platform designed for clinics to support patients with chronic conditions.
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SVG Ventures
VC Fund · Los Gatos, California, United States · 1 investments in Nigeria Retail startups

We work with leading corporations, startups, universities, and growers to solve the biggest challenges facing the agtech and foodtech industries.

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Investment focus

  • Industry: AgTech, Agriculture, Farming
  • Stage:Pre-Seed, Seed
  • Geography: United States, Canada, Ireland

Investor stats

  • Total investments: 91
  • Round size: Seed $100k–$5.7M; Pre-Seed $75k–$100k
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • FarmWise — FarmWise provides technology-based services that allow farmers to streamline farm operations and increase food production efficiency.
  • Napigen — We are the genome editing company specialized for mitochondrial engineering. We address unmet needs of future food supplies by creating hybrid crop plants to boost their yields to an unprecedented level. The company’s technology creates robust male sterile lines that are ideal over conventional lines because of their stability and elitebackgrounds. This allows the production of non-GM hybrid seeds in crop plants that are currently mostly non-hybrid such as wheat. Our technology solution is expected to fulfill the highest level of public acceptance and aspiration.
  • Muddy Machines — Muddy Machines is working on field robots to help farms manage labor-intensive crops by completing the fieldwork.
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Asymmetry Ventures
VC Fund · San Francisco, California, United States · 1 investments in Nigeria Retail startups, 14 in the past 12 months

Asymmetry Ventures invests in scalable early-stage companies with exceptional defensibility.

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 180
  • Round size: Seed $1M–$4M; Pre-Seed $130k–$1.8M; Series A $5M–$12M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • NewHomesMate (formerly Propertymate) — Find, compare and buy a new construction home - all in one place.
  • Mate Fertility — Mate Fertility Is the Fastest Growing Fertility Network That Makes Care Affordable In A Warm Clinic Setting With Compassionate Providers.
  • Rejuvenation Technologies — Rejuvenation Technologies is a biotechnology company that developed nucleoside-modified TERT mRNA to safely and rapidly extend telomeres. The company is headquartered in Mountain View, California.
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Michael Novogratz
Angel · New York, New York, United States · 1 investments in Nigeria Retail startups

Mike Novogratz is the Founder, CEO and Chairman at Galaxy Digital.

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Investment focus

  • Industry: B2B, Retail, Social
  • Stage:Series A, Seed
  • Geography: United States, Nigeria

Investor stats

  • Total investments: 3
  • Lead/follow: 33% lead, 67% 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.
  • 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
  • Candy Digital — Fandom, reimagined. Only at Candy.com
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Goldman Sachs
VC Fund · New York, New York, United States · 1 investments in Nigeria Retail startups, 43 in the past 12 months

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base.

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Investment focus

  • Industry: Software, Financial Services, FinTech
  • Stage:Series C, Series B
  • Geography: United States, India, China

Investor stats

  • Total investments: 548
  • Round size: Series B $13M–$100M; Series C $14M–$150M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Blue Star — Blue Star manufactures air conditioning products, water purifiers, air purifiers, air coolers, commercial refrigeration products, and cold chain equipment for both residential and commercial applications. They provide contracting services in electrification, plumbing, and firefighting. They offer marketing and maintenance of imported professionalelectronics, and industrial products and systems.
  • JSW Infrastructure — JSW Infrastructure operates environment-friendly seaports & terminals.
  • Intercontinental Hotels Group — IHG® is one of the world’s leading hotel companies, with 400,000 colleagues working across more than 100 countries to deliver True Hospitality for everyone. It operates and franchises over 5,600 hotels and resorts and 842,000 rooms globally across 16 brands.
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Microtraction
VC Fund · Lagos, Lagos, Nigeria · 1 investments in Nigeria Retail startups

We invest in Africa's most remarkable teams with technical founders at the earliest stage of their venture

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Nigeria, United States, Canada

Investor stats

  • Total investments: 57
  • Round size: Seed $25k–$1.2M; Pre-Seed $50k–$1M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: Likely still investing — raised $15M in 2022

Portfolio highlights

  • Famasi — Famasi is a digital health platform that helps people access their medications, schedule doorstep delivery, and automate monthly refills.
  • Pennee — Pennee supports small businesses to grow with low interest loans and data optimization.
  • Clafiya — Discover Clafiya: Your trusted digital health platform, uniting in-person care and virtual solutions for a personalized and caring healthcare experience. Embrace a healthier, happier you, with us by your side.
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Nosara Capital
VC Fund · London, England, United Kingdom · 1 investments in Nigeria Retail startups

Nosara Capital is a venture capital firm that invests in online marketplaces globally.

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Investment focus

  • Industry: E-Commerce, B2B, SaaS
  • Stage:Series A, Series B, Series C
  • Geography: United States, Germany, Nigeria

Investor stats

  • Total investments: 14
  • Round size: Series A $9.5M–$20M; Series B $18M–$53M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Provi — Manage your beverage inventory. Connect with your reps. Order what you need. All in one place.
  • Chiper — Chiper is the leading B2B e-commerce ecosystem for corner stores in Latin America. With operations across Colombia, Mexico, and soon Brazil, Chiper is uniting thousands of the 3.7 million corner stores in the region into one of the world's largest networks of bulk buyers. By aggregating demand and optimizing the entire supply chain, Chiperempowers corner stores to grow and thrive - offering them the fastest delivery, widest selection, and most competitive prices available.
  • Reibus — Reibus is the leading platform for buying and selling steel and other metals, with end-to-end services including logistics and financing.
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AAIC Investment
VC Fund · Singapore, Central Region, Singapore · 1 investments in Nigeria Retail startups

We will continue to invest and support the growth of innovative companies towards sustainable economic growth and solving social issues.

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Investment focus

  • Industry: Health Care, Medical, E-Commerce
  • Stage:Series A, Seed, Series B
  • Geography: Egypt, Kenya, Nigeria

Investor stats

  • Total investments: 18
  • Round size: Seed $450k–$2.5M; Series A $3M–$4.4M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Aumet — Aumet allows medical manufacturers and distributors increase their sales by sharing hospital inquiries, business news, search for products, and find potential clients.Manufacturers and distributors who work together connect and get verified so they share hospital inquiries, market business news between each other .Suppliers list their productsand connect with distributors who sell these products and select countries, where they are looking for distributors, in the meantime distributors, connects with their suppliers, search for new product and list their interests.
  • Zanifu — The zanifu platform, allows small retailers in Sub Saharan Africa, to procure inventory from their suppliers & pay later.
  • Credable — Credable is the Digital Banking Platform that is driving the future of banking by embedding financial services in businesses across emerging markets.
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Partech
VC Fund · Paris, Ile-de-France, France · 1 investments in Nigeria Retail startups, 29 in the past 12 months

Partech is a global venture capital firm with offices in San Francisco, Paris, Berlin and Dakar. Partech invests in Internet and information technology startups at seed, venture and growth stages.

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Investment focus

  • Industry: Software, E-Commerce, Financial Services
  • Stage:Series A, Seed, Series B
  • Geography: United States, France, Germany

Investor stats

  • Total investments: 432
  • Round size: Seed $1M–$5.6M; Series A $2.5M–$25M; Series B $8M–$54M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — fund raised in 2022

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.
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Khosla Ventures
VC Fund · Menlo Park, California, United States · 1 investments in Nigeria Retail startups, 58 in the past 12 months

Khosla Ventures invests in companies that are bold, early and impactful. The firm was started in 2004 by Vinod Khosla, co-founder of Sun Microsystems, to provide venture assistance to entrepreneurs. Headquartered in Menlo Park, Calif., Khosla Ventures invests in a range of areas including AI, climate, sustainability, enterprise, consumer, fintech,digital health, medtech and diagnostics, therapeutics and frontier technology.

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Investment focus

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

Investor stats

  • Total investments: 763
  • Round size: Seed $1.5M–$7M; Series A $4.3M–$26M; Series B $8M–$60M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: Likely still investing — fund raised in 2022

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.
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StartUp Health
VC Fund · New York, New York, United States · 1 investments in Nigeria Retail startups, 12 in the past 12 months

Organizing and investing in a global army of entrepreneurs committed to achieving health moonshots

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Investment focus

  • Industry: Health Care, Wellness, Medical
  • Stage:Seed, Pre-Seed
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 140
  • Round size: Seed $100k–$2.5M; Pre-Seed $20k–$800k
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — raised $31M in 2018

Portfolio highlights

  • AvoMD — AvoMD is reimagining clinical decision support with interactive point-of-care software, available standalone and via EHR integrations, and seamless content building tools.
  • Medwise.ai — Medwise.ai is the Google for doctors.
  • Pear Suite — Pear Suite enables anyone—community health workers, other healthcare staff, and volunteers—to assess and address the social drivers of health for older adults in a scalable, cost-effective, and person-centered way.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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GreenTec Capital Partners
VC Fund · Frankfurt, Hessen, Germany · 1 investments in Nigeria Retail startups

GreenTec Capital Partners is Germany's premier investor into African start-ups and SMEs. GreenTec invests through its unique Results4Equity model, acting as a co-founding partner that is only compensated on business success.

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Investment focus

  • Industry: Information Technology, Agriculture, Computer
  • Stage:Seed, Pre-Seed
  • Geography: Kenya, Nigeria, Côte d'Ivoire

Investor stats

  • Total investments: 21
  • Lead/follow: 90% lead, 10% follow
  • Last fund: May invest from a new fund soon — raised $1.1M in 2017

Portfolio highlights

  • Asilimia — Asilimia is a simple, fun mobile app for sending money through M-PESA quickly and without any transaction fees. Simply deposit money to your M-PESA, download Asilimia and send money for free to any other M-PESA account.
  • freshbag — freshbag is a wellness nutrition turnkey solution that supports corporate wellness programs by making it easy and convenient to live - and eat! - healthier.
  • ShapShap — ShapShap enhances delivery experience through its commission-based marketplace by assigning efficient orders to drivers to ensure their sustainability and scalability.
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Pipeline Angels
VC Fund · New York, New York, United States · 1 investments in Nigeria Retail startups

Pipeline Angels is changing the face of angel investing and creating capital for women and non-binary femme social entrepreneurs. Our members serve as the friends and family round for entrepreneurs who may not already have support at that critical stage.

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Investment focus

  • Industry: Health Care, Education, Software
  • Stage:Seed, Angel, Pre-Seed
  • Geography: United States, Nigeria

Investor stats

  • Total investments: 106
  • Round size: Seed $60k–$2.3M; Angel $25k–$1.6M; Pre-Seed $235k–$1M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Mahmee — Mahmee is an integrated care delivery platform for maternal and infant health. Our team is building the digital infrastructure needed to connect patients, independent health professionals, and enterprise healthcare organizations together to ensure that moms and babies do not fall through the cracks of the U.S. healthcare system, which has thehighest maternity costs and mortality rates of all developed nations. Mahmee increases access to comprehensive care prenatal and postpartum care and reduces severe disparities in mortality and morbidity for Black mothers and infants. We power digital maternity initiatives for some of the largest public and private health systems in the country by connecting those enterprises to community-based perinatal health providers who use Mahmee EHR SaaS to manage their practices. Mahmee's marketplace helps new and expecting parents discover those providers and get fast access to care, in-person and virtually.
  • CarpeDM — Join the most exclusive member-only dating community focused on singles seeking meaningful realtionships with professional Black women.
  • Avisi Technologies — Avisi Technologies is developing a nanotechnology-enabled defense against blindness from glaucoma.
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CardinalStone Capital Advisers
VC Fund · Lagos, Lagos, Nigeria · 1 investments in Nigeria Retail startups

CardinalStone Partners Limited is a boutique investment banking firm that offers financial advisory services. The firm provides mergers, acquisitions and divestitures, leveraged buyout arrangements, balance sheet optimization, capital restructuring, and competitor strategies advisory services. Additionally, it offers private placements, equitycapital markets and debt financing, and information services.

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Investment focus

  • Industry: Retail, Banking, FinTech
  • Stage:Series A, Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 3
  • Round size: Series A $6M–$10M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Appzone Group — We are now Zone; a blockchain enabled payment infrastructure company. Our original business is now a separate stand-alone company called Qore.
  • 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.
  • AfyA Care — AfyA Care invests in healthcare assets with a vision to make healthcare accessible and affordable.
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Hi2 Global Venture Fund
VC Fund · New York, New York, United States · 1 investments in Nigeria Retail startups

Haitou Global is a global asset allocation platform providing asset management, investment banking, digital technology product, and services. Haitou Global manages a Registered Investment Advisor and a Broker-dealer in the U.S., with headquarters in New York and Beijing and operations in San Francisco, Hangzhou, Hong Kong, Singapore, and Jakarta.

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Investment focus

  • Industry: Financial Services, E-Commerce, FinTech
  • Stage:Seed, Series A
  • Geography: Pakistan, United States, Indonesia

Investor stats

  • Total investments: 18
  • Round size: Seed $3.6M–$6.4M; Series A $5.2M–$37M
  • Lead/follow: 0% lead, 100% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Finku — Aplikasi manajemen keuangan yang membantu mengelola transaksi keuangan kamu secara otomatis. Pelajari semua insight yang dipersonalisasi khusus untuk kamu! Download aplikasi beta nya sekarang !
  • Trukkr — Trukkr is Pakistan's First and Largest Online Logistics Platform. They make the process of booking commercial cargo fast by linking a shipper with transporters over a secure, intuitive and powerful platform. We ensure that shippers have complete transparency in price discovery, visibility, flexibility, and choice while at the same time givetransporters easy access to more jobs, whenever they want them. Founded in 2019, Trukkr is committed to reinventing the old school trucking industry in Pakistan by making it easier for millions of truckers to book a load and move at capacity, while ensuring shippers have access to the right truck, at the right time.
  • Dastgyr Technologies — Making trade and capital seamless and reliable
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Raba Partnership
VC Fund · Cape Town, NA - South Africa, South Africa · 1 investments in Nigeria Retail startups

The Raba Partnership, Raba Capital, Raba

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Seed, Series A, Pre-Seed
  • Geography: South Africa, United States, Egypt

Investor stats

  • Total investments: 37
  • Round size: Seed $1.3M–$8.3M; Pre-Seed $1M–$6.5M; Series A $9.2M–$40M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: Likely still investing — raised $60M in 2021

Portfolio highlights

  • Cloudline — Cloudline leverages lighter-than-air technology and the latest developments in unmanned aerial vehicles to deliver essential goods and services to the 1 billion people without direct access to roads and runways.
  • Revivo — Revivo is an online marketplace for electronics spare parts, tools & accessories.
  • Stitch — One API integration for all online payments across South Africa. Accept Instant EFT, debit + credit card, cash, direct deposit and debits. Manage + reconcile digital payments and send payouts.
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Retail Investor funding in Nigeria at a glance

Stats across 44 deals from 68 investors.

68
investors
in Nigeria Retail startups
44
deals
in Nigeria Retail startups
$200k
median round
in Nigeria Retail startups
38%
lead investors
lead at least one round
34%
Seed
most common funding stage
93/7
VC / Angel
share of investor count

Access all 68 investors in Nigeria Retail startups.

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