# Where Startups in Nigeria Are Based: 2026 Map of 134 Companies

> Map of where 134 funded startups in Nigeria are based, city by city: Lagos, Abuja and Ibadan lead. $2.8B raised between them.

Source: https://millionrounds.com/geo-maps/where-nigeria-startups-are-based (Millionrounds; every figure on the page links to its filing or article)

Each circle is a city, sized by how many startups are based there.

## Leading cities

- Lagos 59 $503M
- Abuja 4 $79M
- Ibadan 4 $41M
- Ikeja 4 $21M
- Lekki 2 $5.3M
- Kaduna 1 $12M
- Abeokuta 1 $640K
- Enugu 1 $500K
- shomolu 1 $25K

## By state or region

- Lagos 66 $529M
- FCT 4 $79M
- Oyo State 4 $41M
- Kaduna State 1 $12M
- Ogun State 1 $640K
- Enugu State 1 $500K

## Best-funded

- [**Frontier Car Group** Nigeria · $547M](https://millionrounds.com/company/frontier-car-group)
- [*M* **Moniepoint** Nigeria · $400M](https://millionrounds.com/company/moniepoint)
- [**Moove** Nigeria · $350M](https://millionrounds.com/company/moove)
- [*ZB* **Zenith Bank** Nigeria · $226M](https://millionrounds.com/company/zenith-bank)
- [**PalmPay** Nigeria · $140M](https://millionrounds.com/company/palmpay)
- [*L* **LemFi** Nigeria · $106M](https://millionrounds.com/company/lemfi)
- [**MAX** Nigeria · $76M](https://millionrounds.com/company/max)
- [**Yellow Card** Nigeria · $73M](https://millionrounds.com/company/yellow-card)
- [**Development Bank of Nigeria** Nigeria · $70M](https://millionrounds.com/company/development-bank-of-nigeria)
- [**Sycamore** Nigeria · $65M](https://millionrounds.com/company/sycamore)
- [*TI* **Terra Industries** Nigeria · $52M](https://millionrounds.com/company/terra-industries)
- [**Jumia** Nigeria · $50M](https://millionrounds.com/company/jumia)

**How this map is made.** Every startup here has raised money in rounds we track. Each is placed at the city we hold for it, matched to that city's position in GeoNames (cities of 15,000 people or more; geonames.org, CC BY 4.0); startups without a city on record count in the totals but not on the map. Rebuilt nightly; updated 15 November 2026.

## More geo maps

[All geo maps](https://millionrounds.com/geo-maps)

[Country **Where startups in the United States are based** 42,443 startups](https://millionrounds.com/geo-maps/where-united-states-startups-are-based)[Country **Where startups in the United Kingdom are based** 8,462 startups](https://millionrounds.com/geo-maps/where-united-kingdom-startups-are-based)[Country **Where startups in France are based** 3,067 startups](https://millionrounds.com/geo-maps/where-france-startups-are-based)[Country **Where startups in China are based** 3,050 startups](https://millionrounds.com/geo-maps/where-china-startups-are-based)[Country **Where startups in Canada are based** 2,981 startups](https://millionrounds.com/geo-maps/where-canada-startups-are-based)[Country **Where startups in India are based** 2,247 startups](https://millionrounds.com/geo-maps/where-india-startups-are-based)

## Raising where these startups are?

Find the investors who back startups in these cities, with their cheques, rounds and partners, in the app with filters, lists and exports.

[Find investors](https://millionrounds.com/login?join=1&next=/app/investors)[Market maps](https://millionrounds.com/market-maps)