The Startup Ecosystem of Lagos

Lagos has 250 startups in our sample database. This represents about 77% of Nigeria’s startups. Lagos is the highest-ranked startup ecosystem in Nigeria.

CITY RANKING

While Lagos decreased by 1 spot in its global rank in the Global Startup Ecosystem Index of 2023, its ranking in Nigeria remained stable at 1 nationally since 2022.

National Ranking

1st
0
In Nigeria

Regional Ranking

1st
0
In Western Africa

Global Ranking

82nd
-
1
Worldwide

Startups

Lagos Top Startup Industries

Fintech icon
Fintech
#38 worldwide

67 startups

Transportation icon
Transportation
#58 worldwide

16 startups

Ecommerce & Retail icon
Ecommerce & Retail
#62 worldwide

26 startups

Ecosystem HealthCheck

Lagos Ecosystem Health Check

The health check tables allow you to look at the performance Lagos has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...

  • Overperformance
  • Performance equal to global ranking
  • Underperformance
ParameterParameter Global rankParameter rank change since 2022ResultContribution to total scoreRank gain / loss due to parameter
Total Score82-18.23100%0
Quantity Score7621.4217.25%9
Sample size of startups78019515.8%24
Sample size of accelerators107-11823470%-2
Sample size of coworking spaces39-71360%3
Community Score100-129-230.121.46%-2

ECOSYSTEM

Browse the startup ecosystem database of Lagos

Become our Lagos Ecosystem Partner

Apply to join hundreds of leading ecosystem developers and represent the Lagos startup ecosystem at no cost.

Ecosystem

The Startup Ecosystem in Lagos

Our startup ecosystem map for Lagos includes a sample of 250 tech companies. We have identified as unicorns 2 startups that have passed the USD 1 billion valuations. Contributing to the vitality of this startup ecosystem are the 1 pantheon member entity. Get the Pro account for unrestricted insights on this ecosystem.

Global Rank

Lagos is ranked within the top 100 startup ecosystems globally.

Top Industries

Lagos’s startups excel particularly in Fintech where it ranks 38 and in Transportation, and Ecommerce & Retail. Find out more

Top Cities for Startups in Nigeria - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
Rows:
2023 National Rank & Change ▲
2023 National Rank & Change City
search leaderboards icon
Global Rank & ChangeTotal Score
Access subscores for 1000 cities and 100 countries
Quantity Score
Quality ScoreBusiness Score
1st
0
82nd
-
1
8.230
00.00
00.00
00.00
2nd
0
587th
-
114
0.368
00.00
00.00
00.00
3rd
0
631st
+
30
0.326
00.00
00.00
00.00
4th
+
1
841st
new
0.177
00.00
00.00
00.00
5th
-
1
961st
new
0.126
00.00
00.00
00.00
Page out of 1

Startups

Notable Startups in Lagos
TeamApt startup icon
TeamApt
Paystack startup icon
Paystack
Metro Africa Express startup icon
Metro Africa Express

Startups

Successful Fintech startups in Lagos
TeamApt startup icon
TeamApt
Paystack startup icon
Paystack
Cowrywise startup icon
Cowrywise

ECOSYSTEM

Why should you join Lagos's Startup Ecosystem?

Overview

Within Lagos there is an increased attraction for entrepreneurs to set up their startups in industries such as Fintech, Transportation, Ecommerce & Retail. These three industries represent about 44% of the startups represented on the Startup Ecosystem Map of Lagos.

1st

National Rank

1st

Regional Rank

Overview

Lagos is Nigeria's 1st best startup ecosystem and is ranked 1st in Western Africa. With a population of undefined, Lagos is ranked 82nd in the world. The city has some notable startup success stories including TeamApt and its startup ecosystem infrastructure is strengthened by organizations such as Jumia Group and Regus - Lagos, Vibranium Valley.

Featured Startup Ecosystems

Go to portal
Go to portal

BLOG

Recent Posts

Mon Sep 25 2023

Role of Universities in Startup Ecosystems

In this article, we’ll explore the role of universities in startup ecosystems. Join us for an enlightening discussion in the 39th episode of our Startup Ecosystem Podcast series, where Martin Jordana welcomes David Kwok. David, the Director of Entrepreneurship & Innovation at YSpace —a university run community innovation hub nestled in Downtown Markham —shares valuable […]

Tue Sep 19 2023

The Global Startup Ecosystem Rankings by StartupBlink

The Global Startup Ecosystem Index (GSEI) reveals the startup ecosystem rankings of 1,000 cities and 100 countries based on various factors. It uses an algorithm that considers many parameters and incorporates data from different sources and partners such as Crunchbase, SEMRush and Statista. The results of this index are also integrated with the StartupBlink Global […]

Fri Sep 08 2023

Where are the Cities of the Future for Startups?

At StartupBlink, we always say that where you base your startup highly affects your success. Hence, the Global Startup Ecosystem Index sheds light on location-based decisions for startups and other ecosystem stakeholders. In this episode of the Startup Ecosystem Podcast, Eli David and Martin Jordana go further to discuss the cities of the future for […]