“I invest in people first”: How a UK-based Nigerian angel backs startups from abroad
- Nigeria's tech industry has faced a wave of talent migration since the early 2020s.
- Diasporan angel investors are backing Nigerian startups, creating new investment opportunities.
- Angel networks like HoaQ are catering specifically to diasporan investors and founders.
The emergence of diasporan angel investors in Nigeria's tech ecosystem represents a significant opportunity for startups to secure early-stage funding. However, the challenge remains in ensuring that these investments lead to sustainable growth and innovation within the local market. A focus on building trust and understanding the dynamics of the startups is essential for long-term success.
