đ Nigerian startups raised $1.2 billion in 2022, more than other West African countries combined
Nigeria, despite a -29% decline YoY, remained the largest market by far in Africa terms of funding, with over 286 $100k+ deals  (+14% YoY ) during 2022 and an estimated $1.2 billion in funding, outperforming other countries in the region.
The West African country recorded two $100m+ âmega dealsâ in 2022 â Flutterwaveâs $250m Series D in February and Interswitchâs $110m round in May â compared to five in 2021.
