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May 26, 2022

Nairametrics - Female-led startups that raised over a $1 million in Nigeria in 2021

In 2021, African tech startups raised a record $4 billion+, surpassing the total funding raised in 2019 and 2020 combined. Another major achievement this year was that, compared to prior years, more female-led startups raised a million dollars or more in Africa.

According to research published by Briter Bridges in the middle of this year titled, “In Search of Equity: Exploring Africa’s Gender Gap in Startup Financing,” only 3% of capital invested in African startups between 2013 and 2021 went to female-owned startups.

Read: Nigerian startups that raised above $100 million in 2021

With the year coming to an end, more female-led startups have raised funding showing that more VCs are looking out for female-led teams to invest in. Nairametrics reviewed the six female-led startups that raised above a million dollars in a single round.

Female-led startups that raised over a million dollars in Nigeria in 2021:

Read more here.

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