Every startup requires adequate funds to succeed. If
those funds are not available, then there is a high chance that the startup will pack up in no time. This is why securing funding is very critical for any startup
operating most especially in Nigeria. If you’re a startup looking to grow your
business, then look toward the direction of angel investors. These investors
can play a crucial role when it comes to the success of your business.

Just in case you’re hearing the word angel investor for
the first time, let me explain so you can have a better understanding of what
I’m talking about here.

Who are Angel Investors?

Angel investors are usually affluent individuals who provide
startups with capital especially when they are in their early stages in
exchange for equity or convertible debt. These people are wealthy people who are
interested in investing in startups that have the potential to become the next
big business.

In today’s Nigeria, a lot of angel investors are now
growing, which shows that the future of startups is in good hands These investors
are now stepping up to innovative entrepreneurs, offering
not only financial backing but also mentorship and industry connections.

In this guide, I’ll be discussing some of the top angel investors in Nigeria you should know and explore how
their investments contribute to Nigerian project finance solutions.

Also Read: Crowdfunding platforms to watch for Nigeria Projects

Image Credit: Startups.com

Also Read: How to secure project funding in Nigeria

List Of Top 10 Angel Investors In
Nigeria

There are a lot of angel investors in Nigeria.
However, we’re going to take a look at 10 prominent angel investors in
Nigeria that are making massive impacts in the business industry. We’ll be
looking at their background, investments, as well as their contribution
to Nigeria’s project finance solutions.

1.
Tomi Davies

Background

Tomi
Davies is among some of the well-respected angel investors you can mention in
Nigeria. He has contributed massively to the Nigerian tech ecosystem making him
the face of angel investors in Nigeria. Tomi Davies is the co-founder of Lagos
Angel Network (LAN). This network is one of the largest and most active angel
investment networks in Africa. As a tech enthusiast with a background in tech, Tom Davies has shown a high level of extensive experience in building and
managing It systems for different global brands across the world.

Investments

Tom
Davies has invested in so many sectors
such as technology, health, and education. Some of his notable investments that
have made a name in the industry are Big Cabal Media and Starta.

Contribution
to Nigerian Project Finance Solutions

The Lagos Angel Network was co-founded by Tom Davies, the network has
helped him play a pivotal role in fostering a robust ecosystem for most
startups in Nigeria by providing them with critical
financial and strategic support that has enabled numerous projects to scale
successfully.

 

2.
Iyinoluwa Aboyeji

Iyinoluwa
is also a popular angel investor in Nigeria. He is popularly known among
entrepreneurs as “E”. He is a serial entrepreneur and also an investor, helping
startups get the breakthroughs they deserve. Iyinoluwa is the co-founder of Flutterwave,
a popular payment gate in Africa that has been successful for years now. Aside
from being the co-founder of Fluttterwave, he also co-founded Andela. These two
tech startups are among the most successful startups in Africa known all over the
world. Iyinoluwa has a deep understanding of the startup landscape in Africa, making
him a valuable angel investor.

Investments

Iyinoluwa has a major focus in the
tech industry. All of the startups he has supported are technology and
innovation-driven startups. Aside from Flutterwave and Andela, Iyinoluwa has also
invested in companies like Future Africa, a platform that provides
capital, coaching, and community for mission-driven innovators.

Contribution
to Nigerian Project Finance Solutions

He has used his experience to
massively revolutionize the tech industry in Nigeria. With his years of
experience in startups, he ensures that he supports startups in navigating the complex landscape of funding and
growth, contributing to the development of comprehensive Nigerian project
finance solutions.

 

3.
Kola Aina

Background

Kola Aina is the founder of the
popular Venture platforms. The platform is an early-stage growth fund that
provides capital and support to innovative companies. Kola Aina is a popular
prominent public figure in Nigeria who has reshaped the startup industry when
it comes to investment. He majorly focuses on technology and social impact.

Investments

Kola
Aina invested in the popular payment gateway known as Paystack, Africa’s most
widely used payment gateway by merchants across the continent. Aside from that,
he also invested in Piggyvest as well, a successful financial technology
company that allows users to easily save their money towards a specific target
they wish to achieve financially.

Contribution
to Nigerian Project Finance Solutions

With his impact through venture
platforms within and outside Nigeria, Kola Aina has been instrumental in
providing early-stage funding and mentorship, facilitating the development of
innovative Nigerian project finance solutions that address real-world
problems.

 

4.
Olumide Soyombo

Background

Olumide
Soyombo is also a great seasonal angel investor in Nigeria. He is the co-founder
of LeadPath Nigeria, a seed capital fund that supports tech startups.
Olumide Soyombo has a background in computer engineering with vast experience
when it comes to technology.

Investments

Soyombo
has invested in over 30 startups in Nigeria. Some of the startups he has
invested in are PiggyVest, Paystack, and Andela. Olumide
has a major focus on technology-driven companies that have the potential to grow
when they get the right funding.

Contribution
to Nigerian Project Finance Solutions

With different investments Olumide
Soyombo has made as a seasonal angel investor, he has been able to help
bridge the funding gap for early-stage startups, providing critical resources
and expertise to develop scalable Nigerian project finance solutions.

 

5.
Jason Njoku

Background

Jason Njoku is a mentor to so many
entrepreneurs in Nigeria as well as an angel investor in the country. Jason is
the co-founder of iROKOtv, one of the leading online streaming services in Nigeria
as well as Africa at large. Njoko is known as a prolific angel investor with
a strong focus on media and technology.

Investments

Jason has invested in different
startups in the country such as Brass. Brass is a digital bank for small
businesses. Aside from that, he has also invested in Rocket Internet,
a company that builds and invests in internet companies.

Contribution
to Nigerian Project Finance Solutions

Jason Njoku has contributed immensely
to diverse sectors in the country. He is known to support the creation of
innovative Nigerian project finance solutions that enhance the country’s
entrepreneurial landscape.

 

6.
Funke Opeke

Background

Funke Opeke is an angel investor in
Nigeria and also the CEO of MainOne. MainOne is a leading provider of
telecommunications services and network solutions in West Africa. She is a
prominent figure in the tech and telecommunications industries.

Investments

Funke has invested mostly in technology
and infrastructure projects. Her investments include initiatives to improve internet connectivity and digital access in Nigeria.

Contribution
to Nigerian Project Finance Solutions

Opeke has contributed to investments
that are technologically driven. Her investments in technology infrastructures have
helped in contributing to the foundational elements necessary for sustainable Nigerian
project finance solutions, particularly in the tech sector.

7.
Yemi Lalude

Background

Yemi
Lalude is the managing director of TPG
Growth Africa. The startup is a popular global brand investment firm in
Nigeria. Yemi is also known to have a strong background in technology and
private equity.

Investments

He
has invested in several companies in Africa. One of the popular ones among them
is Interswitch. Interswitch is a leading digital payment and e-commerce company
in Africa. Aside from that, he also invested in WakaNow, a travel booking
solution platform.

Contribution
to Nigerian Project Finance Solutions

Yemi Lalude has contributed greatly
to Nigeria. His strategic investments have contributed to the robust growth of Nigerian
project finance solutions that have been driving the economic development
and innovations in Nigeria.

8.
Bosun Tijani

Background

Bosun Tijani is the co-founder as
well as the CEO of Co-Creation Hub (CcHub). This startup is known as Nigeria’s
first open living lab and pre-incubation space. Bosun Tijani has been deeply
involved in the tech community and supports numerous startups across the
country.

Investments

Bosun Tijani has invested in different technological-focused and social-impact startups that are doing well today in Nigeria. One of his popular investments
in the country is LifeBank. LifeBank is a well-known healthcare
technology company in Nigeria. Another popular investment is BudgIT, a
civic organization that simplifies government budgets.

Contribution
to Nigerian Project Finance Solutions

Bosun
Tijani has contributed in areas that have to
do with innovations and impactful projects. Most of these startups have
contributed immensely to the development of sustainable Nigerian project finance solutions that address critical social issues.

 

9.
Adebola Williams

Background

Adebola
Williams is an angel investor as well as an
entrepreneur with a vision in shaping the startup industry. He is the co-founder
of RED | For Africa. This startup is a media and public relations company. The role Williams has played as an angel investor has made his work as a media, marketing, and youth empowered well known and appreciated.

Investments

Adebola
Williams has invested in the media and creative industry tremendously. Two of
his notable investments in Nigeria are The Future project and StateCraft Inc.
The Future Project is an initiative he introduced to support youth
entrepreneurship while StateCraft Inc. is more of a governance
communication company.

Contribution
to Nigerian Project Finance Solutions

Williams
is known for his contributions to the media and creative industry sector. This
has helped in developing the Nigerian project finance solutions sector.
He leveraged the power of communication and storytelling

 

10.
Eloho Omame

Background

Eloho Omame is the managing director of Endeavor Nigeria, a global
network that supports high-impact entrepreneurs. She has extensive experience
in finance and entrepreneurship.

Investments

Omame is known for her focus on
high-growth companies in various sectors. Her investments include Paga,
a mobile payments company, and Helium Health, a health tech company.

Contribution
to Nigerian Project Finance Solutions

Omame has supported high-impact
entrepreneurs by providing them with access to capital, mentorship, and global
networks, as well as fostering innovative Nigerian project finance solutions.

 

Conclusion

With
that all said, angel investors over the years in Nigeria, have played an
important role in the Nigerian entrepreneurial ecosystem.

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