Netherlands-based analysis agency Dealroom.co has named Lagos because the fastest-growing tech ecosystem on this planet for 2025.
The group disclosed this in its International Tech Ecosystem Index 2025 report, simply launched.
In response to the report, Lagos as residence to five unicorns: Interswitch, Flutterwave, Jumia, OPay, and Moniepoint, stands out as an interesting hub for brand new enterprises.
Ranked below the ‘Rising Stars’ class of tech cities, Dealroom.co stated Lagos and different cities within the class are giving rise to a brand new technology of tech corporations.
“This yr, Lagos (#1) is topping the listing, having created 5 unicorns and grown its ecosystem valuation 11.6x since 2017 regardless of a smaller financial system,” the report said.
Different high cities
Coming behind Lagos because the quantity two fastest-growing tech metropolis is Turkey’s Istanbul, adopted by India’s Pune, which got here third.
- Additionally on the listing are cities comparable to Belo Horizonte in Brazil, Mumbai in India, Curitiba, additionally in Brazil, and Saudi Arabia’s Riyadh.
- Dealroom.co famous that the Rising Star lens showcases the fastest-growing, rising tech ecosystems by emphasizing progress in enterprise worth and unicorns, adjusted for native GDP per capita and price of dwelling.
- The listing highlights a variety of ecosystems from rising markets comparable to Africa, India, Türkiye, and Brazil.
International Champions
Whereas Lagos holds the ace for Nigeria when it comes to fastest-growing cities, the nation is conspicuously lacking within the International Champions class, which contains the worldʼs greatest and most established startup ecosystems.
Nations on this class have been ranked by absolute metrics comparable to enterprise capital, enterprise worth creation, unicorns, and college linkages.
Prime on the listing of International Champions is Bay Space, adopted by New York Metropolis, and Boston, all cities in the US.
“Whereas the Bay Space (#1) remains to be the undisputed champion, newer hubs comparable to Austin (#5), Tel Aviv (#10), or Stockholm (#15) have began to construct substantial ecosystems. Paris (#4) is the highest hub in Europe, adopted by London (#6),” Dealroom.co said.
What it is best to know
In a latest chat with Nairametrics, Lagos State Commissioner for Innovation, Science, Tunbosun Alake, highlighted the state’s massive inhabitants and business-friendly surroundings as elements driving the tech ecosystem in Lagos.
- The Commissioner defined that Lagos has taken deliberate steps to help companies in underserved areas.
- He cited an instance of a man-made intelligence and robotics firm that the state actively supported, saying, “We’ve a particular coverage of serving to companies in areas we imagine want growth, like AI and robotics.”
Lagos has additionally been instrumental in connecting companies with authorities companies. Alake famous that the state has a devoted group that facilitates partnerships between corporations and related authorities our bodies, significantly in sectors like transportation.
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