Lagos Now World’s Fastest Growing Tech Ecosystem -Details Here

Are you looking for the world’s fastest growing tech ecosystem in 2025? It is Lagos, Nigeria’s leading commercial capital.

This is the verdict of Dealroom.co, a Netherlands-based research firm.

This is according to the organisation’s just released Global Tech Ecosystem Index 2025 report.

Ranked under the ‘Rising Stars’ category of tech cities, Dealroom.co said Lagos and other cities in the category are giving rise to a new generation of tech companies.

“This year, Lagos (#1) is topping the list, having created 5 unicorns and grown its ecosystem valuation 11.6x since 2017 despite a smaller economy,” the report stated.

It strengthens its choice by stating that Lagos is home to 5 unicorns: Interswitch, Flutterwave, Jumia, OPay, and Moniepoint.

In the ranking, the new ranking, Lagos beats Instanbul, Turkey to the second position, and Pune, India to the third.

Dealroom.co noted that the Rising Star lens showcases the Fastest Growing Tech Ecosystem by emphasizing growth in enterprise value and unicorns, adjusted for local GDP per capita and cost of living.

Belo Horizonte, Brazil, Mumbai, India, Curitiba, Brazil, and Riyadh, Saudi Arabia follow in that order, with the organisation stating that venture capital, enterprise value creation, unicorns, and university linkages, were part of the metrics used in the ranking.

Toping the global champions list however are three cities in the United States. These are Bay Area, New York City, and Boston.

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“While the Bay Area (#1) is still the undisputed champion, newer hubs such as Austin (#5), Tel Aviv (#10), or Stockholm (#15) have started to build substantial ecosystems. Paris (#4) is the top hub in Europe, followed by London (#6),” Dealroom.co stated.

Lagos’s Computer Village, in the Ikeja area of the city remains a premium cluster for Information Communications Technology (ICT) firms offering a wide range of products and services.

Clients come from all over the world to transact at Computer Village, and are usually assailed by wide ICT options.