{"id":942507,"date":"2026-10-22T21:02:10","date_gmt":"2026-10-22T21:02:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/942507\/"},"modified":"2026-10-22T21:02:10","modified_gmt":"2026-10-22T21:02:10","slug":"scoop-lagos-lifes-parent-company-is-in-talks-to-raise-a-2-5-million-pre-seed-round","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/942507\/","title":{"rendered":"SCOOP: Lagos Life\u2019s parent company is in talks to raise a $2.5 million pre-seed round"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Vatar, the company behind Lagos Life, is in talks to raise additional funding, according to sources familiar with the matter.<\/p>\n<p class=\"wp-block-paragraph\">The company is targeting a $2.5 million pre-seed round at a $15 million valuation, following <a href=\"https:\/\/thecondia.com\/vatar-lagos-life-raises-500000-pre-seed\/\" rel=\"nofollow noopener\" target=\"_blank\">a $500,000 angel round<\/a> that valued it at $10 million. The angel round attracted investors, including Flutterwave founder Olugbenga Agboola, Oo Nwoye, Mono founder Abdulhamid Hassan, and Terra Industries CEO Nathan Nwachukwu, barely a week after the company launched this month.<\/p>\n<p class=\"wp-block-paragraph\">Sources familiar with the matter said the ongoing fundraise has also involved discussions at a $30 million valuation.<\/p>\n<p> Read the full story for freeThis story is free for Condia Insiders only.<\/p>\n<p class=\"condia-paywall-sub\">Keep reading free. Join the community at the forefront of African tech.<\/p>\n<p>   Continue with Google   Continue with email <\/p>\n<p class=\"condia-paywall-signin\">Already an Insider? <a href=\"#\" class=\"js-condia-modal\" data-tab=\"login\">Sign in<\/a><\/p>\n<p class=\"condia-post-update-note\">Last updated: October 22, 2026<\/p>\n<p>How are Nigeria\u2019s leading fintechs positioning for growth?  Explore their acquisitions and partnerships in our latest mini report. <a href=\"https:\/\/thecondia.com\/nigerian-fintech-strategy-map-report\/\" rel=\"nofollow noopener\" target=\"_blank\">Download the report<\/a> <a href=\"https:\/\/thecondia.com\/condia-ad\/6\/after_article\/click\/\" target=\"_blank\" rel=\"noopener noreferrer sponsored nofollow\"> <img decoding=\"async\" class=\"lazyload\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/10\/nigeria-fintech-report-ad-condia.webp\" alt=\"Nigeria Fintech Report\" loading=\"lazy\"\/> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Vatar, the company behind Lagos Life, is in talks to raise additional funding, according to sources familiar with&hellip;\n","protected":false},"author":2,"featured_media":942508,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[45,49,48,137,282,3234,874,322726,322727],"class_list":["post-942507","post","type-post","status-publish","format-standard","has-post-thumbnail","category-entrepreneurship","tag-business","tag-ca","tag-canada","tag-entrepreneurship","tag-exclusive","tag-funding","tag-gaming","tag-lagos-life","tag-shalom-rayhamen"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/942507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=942507"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/942507\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/942508"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=942507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=942507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=942507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}