Lagos Startups Lure 42% More Funding, Defying Slowdown in Africa
Startups in Nigeria's commercial hub of Lagos attracted 42% more investment last year, as the presence of businesses such as Flutterwave Inc. and Interswitch Ltd. showcased the city's appeal as a hub for new enterprises.
Companies in Lagos raised $252 million last year, up from $178 million in 2023, according to the Netherlands-based research firm Dealroom.co.
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