Vatar Raises $500,000 Pre-seed at $10M Valuation

Vatar, a Nigerian gaming startup based in Lagos, has secured $500,000 in pre-seed funding just one week after the launch of its viral browser game, Lagos Life. The company reached a $10 million valuation with this round, following a period of rapid growth that saw the platform attract millions of users shortly after its October 2026 debut.

Investors

The funding round attracted several technology leaders, including Flutterwave CEO Olugbenga Agboola through his investment fund Resilience17, alongside investor Oo Nwoye, Terra Industries CEO Nathan Nwachuku, and Mono CEO Abdulhamid Hassan.

Vatar Use of Funds

The capital raised will be used to support ongoing product development, marketing initiatives, and the recruitment of new talent to accommodate the company's growing user base and platform expansion into new locations.

About Vatar

Founded in 2026 by Shalom Rayhamen, Owen Rayhamen, and Anderson Oriahi, Vatar is a gaming startup focused on creating locally inspired digital entertainment. Their flagship product, Lagos Life, is a free browser-based game that simulates life in Lagos, Nigeria, allowing players to navigate the city, pursue virtual careers, and engage with a digital economy.

Funding Details

Company Website: https://vatar.com

Company: Vatar
Raised: $500,000
Round: Pre-seed
Funding Date: October 9, 2026
Additional Investors: Resilience17, Oo Nwoye, Nathan Nwachuku, Abdulhamid Hassan
Software Category: Gaming
Source: https://www.thegreyit.org/research-blog/lagos-life-creator-vatar-raises-500k-just-one-week-after-launch