# Nigerian startups raise US$11.3 million in September

> 9 startups raised US\$11.3 million, down 96.9% from US\$364.1 million across 20 startups in August.

- **Source date:** 2026-10-12
- **Original source:** [Nairametrics](https://nairametrics.com/2026/10/12/nigerian-startups-raise-11-3-million-in-september-2026-down-97-from-august/)
- **Reading time:** 1 min read
- **Language:** English
- **URL:** https://voltformer.com/news/ng-september-nigerian-startup-funding-11-3m-20261012
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Nairametrics Research counted 9 Nigerian startups raising a combined US\$11.3 million in September 2026, compared with US\$364.1 million across 20 startups in August, a 96.9% month-on-month fall largely reflecting August mega-deals. Nomba and transport/logistics firm Drive45 each raised US\$3 million debt facilities, together accounting for 53.1% of September’s total.

Deeptech startup ChipMango recorded a US\$1.9 million seed round and a separate US\$200,000 venture round; Aeon raised US\$1 million in a pre-seed round from Terra Industries. The tracked deals spanned fintech, logistics and transport, deeptech, waste management, agriculture/food and services. The total reflects Nairametrics deal tracking, not a comprehensive official register, and includes both debt and equity financing.

[Nairametrics](https://nairametrics.com/2026/10/12/nigerian-startups-raise-11-3-million-in-september-2026-down-97-from-august/)

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