Meet the founders behind Nigeria’s biggest startup funding rounds in May
Summary
This article reviews the biggest startup funding rounds in Nigeria in May 2026 and highlights the founders behind them. The largest raises came from LemFi, BFREE, MAX, Sycamore, and Tomato Jos, with additional smaller rounds for CashAfrica, Andela, and Pullus Africa. The funding covers fintech, logistics, agritech, and enterprise technology businesses that are scaling products and operations. Several companies plan to use the capital to expand loan books, strengthen payments infrastructure, grow logistics fleets, and increase processing capacity. The piece also emphasizes how these founders are shaping Nigeria’s digital economy and broader startup ecosystem.
Funding
Amount
$2.0M
Total raised
Date
June 26, 2026
Announcement date
Investors
VestedWorld, Triple Jump, AfricInvest, Max, 4Di Capital, Algebra Ventures, Y Combinator, Endeavor, Highland Europe, Capria Ventures
Lead investors
Company
tomatojos.net
Funded company
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
SaaS
Agritech Software
Farm Management Software
Linked Companies
Pullus Africa
$1M to $5M
CashAfrica
up to $1M
LemFi
$5M to $10M
Andela
$50M to $100M
Bfree
$1M to $5M
Sycamore Integrated Solutions Limited
$10M to $25M