Foreign investors dominate top deals in Nigerian tech in 2022

The five biggest funding deals in the tech ecosystem in 2022 were dominated by investors from the United States of America and other countries mostly based outside the African continent.

For the local venture capital market, which had played second-fiddle to its foreign counterparts before now, this means no respite as foreign investors in the tech ecosystem continue to be robust. But the local investors’ market was not all quiet in top deals as before. There was significant activity from local investors in 2022 which did not make the top five lists.