What comes before pre-seed funding and how much?

It looks like the new standard [or what I wish is the standard] for funding Nigerian tech startups is an avarage of $1mn seed and $10mn series A.

Is it safe to say pre-seed is $50k (looking at Microtraction and Venture Platform)?

Is there anything before pre-seed? If so what will be the average investment size at this stage?

2 Likes

Thanks for sharing this @utee

1 Like