Funding guide for nigerian startups

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Stage 1: Idea/Prototype (alpha)
Funding Round: Pre-seed
Use: To assemble a team and develop the product
Amount (African range): $10,000 - $25,000
Monthly Revenue (actual or projected based on number of users): $100 - $250
Investor Equity Take (average): ???13%
Investor Type: Founders, Family/friends, Local Accelerators, Angel Investors
Investor Examples: Lagos Angel Network, CcHub Growth Capital, Venture Platform, Microtraction

Stage 2: Functional prototype (beta)
Funding Round: Seed or startup
Use: To verify business model (unit economics, capital efficiency) and prove customer acquisition strategy
Amount (African range): $100,000 - $250,000
Monthly Revenue (actual or projected based on number of users): $1,000 - $2,500
Investor Equity Take (average): ???11%
Investor Type: Foreign Accelerators, Angel Investors
Investor Examples: Y-Combinator, Seedstars, Spark

Stage 3: Release product/early customers
Funding Round: Series A
Use: To scale across local market
Amount (African range): $1,000,000 - $2,500,000
Monthly Revenue (actual or projected based on number of users): $10,000 - $25,000
Investor Equity Take (average): ???9%
Investor Type: Venture Capitalists
Investor Examples: OmidyarNetwork, Singularity, EchoVC, FDV

Stage 4: Significant traction/Scale
Funding Round: Series B
Use: To expand to foreign markets
Amount (African range): $10,000,000 - $25,000,000
Monthly Revenue (actual or projected based on number of users): $100,000 - $250,000
Investor Equity Take (average): ???7%
Investor Type: Venture Capitalists, Corporate Investors
Investor Examples: OmidyarNetwork, Adlevo

Stage 5: Acquisition/Pre-IPO
Funding Round: Series C
Use: For further expansion to new markets
Amount (African range): $100,000,000 - $250,000,000
Monthly Revenue (actual or projected based on number of users): $1,000,000 - $2,500,000
Investor Equity Take (average): ???5%
Investor Type: Venture Capitalists, Corporate Investors
Investor Examples: Goldman Sachs

Disclaimer: To serve only as a guide. Subject to modifications and corrections.

Edit: There’s a comprehensive database here:
https://docs.google.com/spreadsheets/d/15H6mSK-bkH-wFdjSx2shUwikCSCpZyukBjeC0-b8QOI/htmlview

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Nice one bro, I believe that access to finance is crucial in order to kickstart or expand a business. My one kobo advice for start-ups is to make cost control a crucial part of your business plan from day one, with detailed projections of likely expenses and find out more about which type of funding suits your needs and how to apply for it.