Bolden African News · Friday 9 October 2026
Nigerian games studio Vatar raises US$500,000 at a US$10 million valuation
Vatar, creator of the browser game Lagos Life launched on 1 October 2026, raised a US$500,000 angel round at a US$10 million valuation. The round was led by Flutterwave chief executive Olugbenga Agboola through Resilience17. The company says it has earned and contracted more than US$170,000 since launch from virtual billboards, in-game land, branded integrations and music partnerships.
Why it matters
It shows local games built around African cities can attract brand spending and early-stage capital quickly.
Source: African Startups · 9 October 2026