Nigerian startups raised more than $4.8 million across 10 deals in July 2025, with the biggest funding rounds led by digital credit recovery platform Bfree and mobility fintech Moove.
Data from Research shows the inflows came through a mix of debt financing, venture capital, and grants. Bfree secured the largest deal of the month, raising $3 million in debt financing from Verdant Capital, according to Nairameteics.
Bfree said it will channel the funds into expanding its AI-powered debt recovery solutions across African markets.
Mobility fintech Moove trailed with a $500,000 venture round led by Launch Africa. The company, which provides vehicle financing for ride-hailing drivers, plans to scale its operations and enhance its financing models with the fresh capital.
Despite the $4.8 million raised, Nigerian startups contributed just 0.75% of the $636.8 million secured by African startups in July.
Energy and agriculture ventures took the spotlight, with four companies benefiting from targeted grants under the Powering Renewable Energy Opportunities (PREO) program.
Other notable deals were recorded in logistics, legal tech, and fintech, reflecting the resilience and diversity of Nigeria’s startup ecosystem.
Clean energy monitoring startup enee.io secured $300,000 from impact investor All On to scale its IoT-based energy management systems.
Four ventures — Koolboks, Spunvertek, Consistent Energy, and Green Eden Farms — each received $200,000 grants from the Powering Renewable Energy Opportunities program, underscoring its growing role in promoting renewable energy adoption and sustainable agriculture across Africa.
In legal tech, PocketLawyers raised $100,000 to grow its digital legal advisory platform, which connects users with verified legal professionals and delivers affordable legal services online.
Digital payments startup Flick. also raised $100,000 from Nubia Capital to strengthen its product offering and boost customer acquisition.
In logistics, Gamp closed an undisclosed debt round backed by Nigerian financial institutions including FSDH Bank, Meristem, and BAS Finance. The company is focused on streamlining delivery operations in urban centers, using technology to optimize fleet management and last-mile services.
Energy & Water startups accounted for half of July’s funding deals, buoyed by PREO’s grant support, while Logistics & Transport ventures attracted strategic debt and venture financing to scale Nigeria’s mobility sector.
Fintech maintained investor attention with Bfree and Flick closing debt and equity rounds, and Legal Tech featured through PocketLawyers, signaling rising interest in digitizing professional services.
Both local and international players — including Verdant Capital, Launch Africa, All On, and Nubia Capital — remained active in the Nigerian market.
PREO, in particular, stood out with four deals in a single month, reinforcing its role as a key driver of renewable energy solutions.
