Nigeria, Oct. 21 -- Nigeria has reclaimed its position as the largest recipient of startup investment in Africa after raising a total of $635 million between January and September 2026, more than double the sum raised during the same period last year.

According to Africa: The Big Deal, Nigerian startups raised 2.6x the sum of $247 million logged in the first three quarters of 2025, the best performance for the country since 2022.

The News Chronicle reports that four large deals drove the raise, worth an aggregate of around 69%, with mobility financing company Moove raising $250 million, Flutterwave securing $100 million, and Jumia raising $50 million and Yellow Card receiving $40 million.

In addition to the big names, Nigeria saw 77 c...