Nigerian startups raised $113.7 million in disclosed funding in June 2026

Nigerian startups raised a total of $113.7 million in disclosed funding in June 2026. This is according to numbers sourced and crunched by Technext.

The total sum raised might be larger, but with companies like the Nigerian insurtech Myka and B2B platform Midddleman not disclosing their raises, it becomes impossible to know.

Venture funding into the Nigerian startup space in June is largely powered by a mix of large rounds like Flutterwave and small rounds into early-stage startups. There is also a focus on climate funding, riding on the back of the Cascador Pitch Day.

The pitch event in Lagos saw $4.5 million invested in early-stage climate and clean energy startups.

Overall, the fintech sector still dominates venture funding rounds during the month. Also prominent are investments into enterprise AI, agriculture technology, climate and green energy, among others.

Nigerian startups that raised funding in June

Fluttewave’s Series E funding was probably the most remarkable story in June. Even though it was officially undisclosed, insiders place it at around $100 million. Secured as a strategic investment from Ripple, the round meant the unicorn is now valued at $3.2 billion.

Flutterwave Founder/CEO, GB Agboola

The deal meant Ripple’s enterprise blockchain network, its U.S. dollar-pegged stablecoin RLUSD, and the XRP Ledger were integrated into Flutterwave’s existing payment rails, making it one of the more significant tie-ups yet between an African fintech and a global digital-asset infrastructure provider.

Nigerian insurtech startup, Myka, also raised an undisclosed sum in a pre‑seed funding round. The round was backed by a group of investors including Ventures Platform, TLcom, and notable industry founders such as Shola Akinlade of Paystack, Ridwan Olalere of LemFi, and Olumide Soyombo of Voltron Capital.

Founded in 2025 by Sim Shagaya, Muritala Ahmed and Oluwadamilola Okenla, the startup plans to plough the investment into accelerating its growth, enhancing its technology infrastructure, and broadening its network of insurance providers.

AethexAI, an enterprise Artificial Intelligence startup that raised $3 million in a pre-seed funding round. The round was led by 4DX Ventures and saw participation from Enza Capital, Dorm Room Fund, Mojo Ventures and Stanford GSB 26 Fund. Individual investors included Stanford faculty, telecom executives and AI researchers from Anthropic.

AethexAI Founders

Founded by Mariama Diallo and Ayooluwa Odemuyiwa, AethexAI is building voice AI systems for enterprises in Africa and the Middle East, where customer support still depends heavily on phone calls. Thus, it is building voice AI for customer service, debt collection, customer activation and KYC checks.

The startup is also launching APIs and SDKs for developers and a platform for enterprises to test its tools.

Next is the Nigerian fintech, Stabyl, which announced its launch with a $2.7 million pre-seed round led by Konga.

Founded by former Co-CEO of Konga Group, Prince Nnamdi Ekeh, Zachary Schwartzman and Michael Anyi, the startup is set up to tackle Africa’s fragmented FX system by building institutional-grade foreign exchange infrastructure that simplifies liquidity access and accelerates settlement across African markets.

Nnamdi Ekeh, CEO, Konga

With fresh capital, regulatory tailwinds, and a clear vision, Stabyl is setting out not just to participate in Africa’s FX market, but to redefine the rails on which the continent’s commerce will run.

Nigerian stablecoin startup Daya is another Nigerian startup that raised over $2 million in the month of June. The $2.4 million pre-seed funding round was powered by Hivemind Capital, with participation from Lattice, Alliance, Globelink and Aptos Foundation.

Founded by Aleph Lasebikan and Paul Joe, the startup intends to offer real-time dashboards, compliance tools, multi currency netting, and and seamless off ramps and off ramps tailored to African regulatory environments.

Other startups that raised below the $2 million mark include Agriarche, the agritech startup that raised $1.8 million in catalytic funding through the Cascador Awards. Koolboks, a clean energy startup, also raised $1.5 million in catalytic funding from the Cascador Awards, as did Powerstove, the clean energy startup which got $1.3 million investment.

Last on the log is Eja Ice, a Cold Chain/logistics company that raised $1 million in equity and debt funding from All On.