Nigerian Tech Startup Secures $10 Million Funding for AI Solutions

Source:ThisDay Nigeria
July 3, 2025
Lagos, Nigeria
technology
regular
positive
technology
AI
startup
funding
agriculture

Lagos-based tech startup, InnovateNG, has secured $10 million in Series A funding to expand its artificial intelligence (AI) solutions for African markets, as announced on July 3, 2025. The funding round, led by a consortium of international investors, including Silicon Valley's TechFuture Ventures, aims to support InnovateNG's development of AI tools tailored for agriculture, healthcare, and education sectors. Founder and CEO, Aisha Bello, stated that the funds will help scale operations across West Africa, with plans to create over 200 jobs in the next year. The startup's flagship product, an AI-driven platform for predicting crop yields, has already gained traction among farmers in rural Nigeria. Industry experts hailed the investment as a boost for Nigeria's burgeoning tech ecosystem, though concerns remain about infrastructure challenges like unreliable internet access. InnovateNG's success is seen as a signal of growing global confidence in African innovation.

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