# Energy investors in Nigeria (2026 list) > 22 energy investors in Nigeria, 77% active in the last 12 months. Led by Techstars, Capital Factory, Elemental Impact. Ranked by what they funded. Source: https://millionrounds.com/lists/energy-investors-in-nigeria (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Energy investors in Nigeria Updated 7 November 2026 Firms observed backing a energy company in Nigeria in the last two years, wherever the firm is based. [See all 22 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fenergy-investors-in-nigeria)The top 22 **22** investors on the list *-8* this week **335** cheques in 12 months *-47%* against the market **$3.5M** median round they joined *-56%* against the market median **77%** wrote a cheque in 12 months **50%** have led a round ## The Top 22 Ordered by cheques observed, never by anything anyone paid for Deploying now (17) - 1 [Techstars](https://millionrounds.com/fund/techstars) *Deploying now* VC firm · United States **2,989** **$1.2M** median round **Nov 2026** last seen - 2 [Capital Factory](https://millionrounds.com/fund/capital-factory) *Deploying now* VC firm · United States **212** **$6.2M** median round **Oct 2026** last seen - 3 [Elemental Impact](https://millionrounds.com/fund/elemental-impact) *Deploying now* VC firm · United States **119** **$11M** median round **Aug 2026** last seen - 4 [SE Ventures](https://millionrounds.com/fund/se-ventures) *Deploying now* Corporate VC · United States **112** **$16M** median round **Oct 2026** last seen - 5 [Breega](https://millionrounds.com/fund/breega) *Deploying now* VC firm · France **97** **$9.3M** median round **Oct 2026** last seen - 6 [Powerhouse Ventures](https://millionrounds.com/fund/powerhouse-ventures-limited) *Deploying now* VC firm · New Zealand **80** **$3.3M** median round **May 2026** last seen - 7 [Third Sphere](https://millionrounds.com/fund/third-sphere) *Deploying now* VC firm · United States **80** **$5M** median round **Aug 2026** last seen - 8 [Praetura Ventures](https://millionrounds.com/fund/praetura-ventures) *Deploying now* VC firm · United Kingdom **79** **$3.5M** median round **Sept 2026** last seen - 9 [LoftyInc Capital](https://millionrounds.com/fund/loftyinc-capital) *Deploying now* VC firm · Nigeria **73** **$2.3M** median round **May 2026** last seen - 10 [Elevate Capital](https://millionrounds.com/fund/elevate-capital) *Deploying now* Private equity · Peru **41** **$1.8M** median round **Sept 2026** last seen - 11 [Kaleo Ventures](https://millionrounds.com/fund/kaleo-ventures) *Deploying now* VC firm · United States **8** **$1.6M** median round **Oct 2026** last seen - 12 [Catalyst Fund](https://millionrounds.com/fund/catalyst-fund) *Deploying now* VC firm · Kenya **7** **$1.8M** median round **Sept 2026** last seen - 13 [FSD Africa Investments](https://millionrounds.com/fund/fsd-africa-investments) *Deploying now* Investment firm · Kenya **5** **$10M** median round **Jul 2026** last seen - 14 [African Development Bank](https://millionrounds.com/fund/african-development-bank) *Deploying now* VC firm · Tunisia **3** **$76M** median round **Nov 2026** last seen - 15 [Mercy Corps Ventures](https://millionrounds.com/fund/mercy-corps-ventures) *Deploying now* Corporate VC · United States **3** **$1.8M** median round **Apr 2026** last seen - 16 [All On](https://millionrounds.com/fund/all-on) quiet VC firm · Nigeria **2** **$2.6M** median round **Jun 2025** last seen - 17 [Equator](https://millionrounds.com/fund/equator-vc) quiet VC firm · Kenya **2** **$5M** median round **Mar 2025** last seen - 18 [KawiSafi Ventures](https://millionrounds.com/fund/kawisafi-ventures) *Deploying now* VC firm · Kenya **2** **$45M** median round **Feb 2026** last seen - 19 [EchoVC Eco](https://millionrounds.com/fund/echovc-eco) quiet VC firm **2** **$3.5M** median round **Oct 2025** last seen - 20 [Chinedu Azodoh](https://millionrounds.com/fund/chinedu-azodoh) quiet VC firm **1** **$3M** median round **Oct 2025** last seen - 21 [Eauxwell Nigeria Limited](https://millionrounds.com/fund/eauxwell-nigeria-limited) *Deploying now* Investment firm **1** **$200M** median round **Oct 2026** last seen - 22 [Tayo Bamiduro](https://millionrounds.com/fund/tayo-bamiduro) quiet VC firm **1** **$3M** median round **Oct 2025** last seen ## The Newest Cheques Rounds this list's investors joined most recently - **4** Nov **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** $43M *With* [Techstars](https://millionrounds.com/fund/techstars) - **3** Nov **[Scatec](https://millionrounds.com/company/scatec)** Debt · $217M *With* [African Development Bank](https://millionrounds.com/fund/african-development-bank) - **28** Oct **[BioOrbit](https://millionrounds.com/company/bioorbit)** Seed · $13M *Led by* [Breega](https://millionrounds.com/fund/breega) - **28** Oct **[Talent Nation](https://millionrounds.com/company/talent-nation)** Pre-seed *With* [Kaleo Ventures](https://millionrounds.com/fund/kaleo-ventures) - **28** Oct **[Foundry Robotics](https://millionrounds.com/company/foundry-robotics)** Series A · $100M *With* [SE Ventures](https://millionrounds.com/fund/se-ventures) - **25** Oct **[Eauxwell Nigeria Limited](https://millionrounds.com/company/eauxwell-nigeria-limited)** $200M *With* [Eauxwell Nigeria Limited](https://millionrounds.com/fund/eauxwell-nigeria-limited) ## Stages This Year 323 rounds - Series A **24%** - Venture **24%** - Seed **17%** - Pre-seed **9%** - Grant **7%** - Other **19%** ## What They Backed Sectors, last 12 months - AI **93** - IT Services **31** - Fintech **22** - Energy **22** - Aerospace & Space **16** - Big Data & Analytics **16** ## Cheques by Quarter Led Joined 176 Q1 25 162 Q2 25 159 Q3 25 135 Q4 25 136 Q1 26 85 Q2 26 67 Q3 26 12 Q4 26 The last bar is the quarter still running. ## Lists Like This - [AI investors in United States 3,683](https://millionrounds.com/lists/ai-investors-in-united-states) - [Fintech investors in United States 1,166](https://millionrounds.com/lists/fintech-investors-in-united-states) - [AI investors in United Kingdom 1,039](https://millionrounds.com/lists/ai-investors-in-united-kingdom) - [Big Data & Analytics investors in United States 1,039](https://millionrounds.com/lists/big-data-investors-in-united-states) - [Biotech investors in United States 914](https://millionrounds.com/lists/biotech-investors-in-united-states) - [Energy investors in United States 798](https://millionrounds.com/lists/energy-investors-in-united-states) - [Robotics investors in United States 797](https://millionrounds.com/lists/robotics-investors-in-united-states) - [Construction investors in United States 742](https://millionrounds.com/lists/construction-investors-in-united-states) - [Cybersecurity investors in United States 702](https://millionrounds.com/lists/cybersecurity-investors-in-united-states) [All investor lists *→*](https://millionrounds.com/lists) ## Reading for founders in climate and energy - Taming the Sun: Innovations to Harness Solar Energy and Power the Planet Varun Sivaram · 2018 4.06 from 510 ratings on Goodreads Climate and energy Innovation About the book How solar could spark a clean-energy transition through transformative innovation--creative financing, revolutionary technologies, and flexible energy systems. Solar energy, once a niche application for a limited market, has become the cheapest and fastest-growing power… On AmazonListen on Audible - Race for Tomorrow: Survival, Innovation and Profit on the Front Lines of the Climate Crisis Simon Mundy · 2022 4.22 from 207 ratings on Goodreads Climate and energy Innovation Company building About the book In this extraordinary journey through twenty-six countries, Simon Mundy meets the people on the front lines of the climate crisis, showing how the struggle to respond is already reshaping the modern world – shattering communities, shaking up global business, and propelling a… On AmazonListen on Audible - The Elements of Power: Gadgets, Guns, and the Struggle for a Sustainable Future in the Rare Metal Age David S. Abraham · 2015 4.06 from 264 ratings on Goodreads Climate and energy Company building About the book Our future hinges on a set of rare metals that few of us have even heard of. In this eye-opening book, a natural resource strategist reveals the critical importance of these transformative elements to our technological lifestyle and the consequences of our reliance upon them,… On AmazonListen on Audible - Scale: The Universal Laws of Growth, Innovation, Sustainability, and the Pace of Life in Organisms, Cities, Economies, and Companies Geoffrey B. West · 2017 4.11 from 5,764 ratings on Goodreads Climate and energy Company building Innovation About the book The former head of the Sante Fe Institute, visionary physicist Geoffrey West is a pioneer in the field of complexity science, the science of emergent systems and networks. The term “complexity” can be misleading, however, because what makes West’s discoveries so beautiful is… On AmazonListen on Audible More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=climate). As an Amazon Associate we earn from qualifying purchases. ## Quick answers about energy investors in Nigeria ### Who are the most active energy investors in Nigeria? By cheques observed, the most active are Techstars, Capital Factory, Elemental Impact, SE Ventures and Breega. ### How many energy investors in Nigeria are there? 22 are on record. 77% made an investment in the last 12 months and 50% have led a round. ### Which stages do energy investors in Nigeria back? Of the rounds with a named stage in the last 12 months, mostly Series A (35%) and Seed (24%). ### How big are the rounds energy investors in Nigeria join? The typical (median) round among the leading investors here is $3.5M. ### Which sectors do energy investors in Nigeria back most? In the last 12 months, mostly AI, IT Services and Fintech. ### Which energy investors in Nigeria lead the most rounds? Breega (10 led), Praetura Ventures (4 led) and FSD Africa Investments (4 led). ### Where are energy investors in Nigeria based? Among the most active, most are based in the United States (7), Kenya (4) and Nigeria (2). ### What have energy investors in Nigeria invested in recently? Recent rounds include Lazarus AI (Nov 2026, with Techstars), Scatec (Debt, Nov 2026, with African Development Bank) and BioOrbit (Seed, Oct 2026, with Breega). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)