# Development Bank of Nigeria funding: rounds and investors

> Development Bank of Nigeria has raised $70M across 1 round since 2018. Investors include European Investment Bank. Every round with its source.

Source: https://millionrounds.com/company/development-bank-of-nigeria (Millionrounds; every figure on the page links to its filing or article)

[Venture startup](https://millionrounds.com/companies)

# Who invested in *Development Bank of Nigeria*

One round we have observed, with the one investor named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Financial Services

Funding summary Updated 26 Oct 2026

**$70M** raised across 1 round since 2018, from 1 source

- **Latest round:** Venture, $70M Apr 2018
- **Investors:** 1

See who backed them

## The rounds

- **Apr 2018** Venture **$70M** [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) Source recorded

## Everyone who backed them

[European Investment Bank](https://millionrounds.com/fund/european-investment-bank) Government **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=development-bank-of-nigeria).

## Quick answers about Development Bank of Nigeria

### Who invested in Development Bank of Nigeria?

Development Bank of Nigeria's investors include European Investment Bank.

### How much has Development Bank of Nigeria raised?

Development Bank of Nigeria has raised $70M across 1 round since 2018.

### When did Development Bank of Nigeria last raise?

Development Bank of Nigeria's most recent round was a Venture of $70M in Apr 2018.

### What was Development Bank of Nigeria's biggest round?

Its most recent round, $70M in Apr 2018, is also its largest on record.

### Who backed Development Bank of Nigeria first?

Development Bank of Nigeria's first round on record, in Apr 2018, was backed by European Investment Bank.

### What stage is Development Bank of Nigeria at?

Development Bank of Nigeria's latest named round is a Venture, in Apr 2018.

## Companies like Development Bank of Nigeria

In the same sector, and raised in the last eighteen months.

[**Matters** $5.0M · Oct 2026](https://millionrounds.com/company/matters)[**Ecofy** $41M · Mar 2026](https://millionrounds.com/company/ecofy)[**Credilio** $3.2M · Mar 2026](https://millionrounds.com/company/credilio)[**Muhlah** $7.5M · Mar 2026](https://millionrounds.com/company/muhlah)[**Complyance** $20M · Feb 2026](https://millionrounds.com/company/complyance)[**Stable Money** $25M · Feb 2026](https://millionrounds.com/company/stable-money)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app