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# Vatar Closes $500,000 Angel Round at $10M Valuation Following Viral Launch of Lagos Life
- URL: https://www.africainvestorreview.com/vatar-closes-500-000-angel-round-at-10m-valuation-following-viral-launch-of-lagos-life/
- Published: 2026-10-09T17:26:00.000Z
- Updated: 2026-10-10T04:04:39.000Z
- Description: The parent company of the fast-growing multiplayer browser game secures rapid funding in a single day as player traffic surpasses five million users nine days after debut.
- Author: Charles S.
- Tags: Venture Capital, West Africa

**LAGOS** — Nigerian game studio and technology venture [**Vatar**](https://www.linkedin.com/company/vatarhq/home/?ref=africainvestorreview.com) has completed a **$500,000** angel and pre-seed funding round at a post-money valuation of **$10 million**.

The financing round closed within a single day, propelled by the viral growth of Vatar’s flagship multiplayer browser game, *Lagos Life*.

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The capital round was backed by prominent African tech founders and investors, including Flutterwave Chief Executive Officer [**Olugbenga Agboola**](https://www.linkedin.com/in/gbagboola/?ref=africainvestorreview.com) through his investment fund [Resilience17](https://www.linkedin.com/company/resilience17/home/?ref=africainvestorreview.com), alongside [**Oo Nwoye**](https://www.linkedin.com/in/oonwoye/?ref=africainvestorreview.com), [Terra Industries](https://www.linkedin.com/company/terrahaptix/home/?ref=africainvestorreview.com), and Mono executives [**Nathan Nwachuku**](https://www.linkedin.com/in/nathan-nwachuku/?ref=africainvestorreview.com) and [**Abdulhamid Hassan**](https://www.linkedin.com/in/ijbkid/?ref=africainvestorreview.com).

*Lagos Life* was created by co-founder and Chief Executive Officer **Shalom Rayhamen**, with the company incorporated alongside co-founders Owen Rayhamen and Anderson Oriahi.

Launched on October 1, *Lagos Life* simulates everyday socio-economic experiences within urban Nigeria. Driven by high social media engagement and accessibility via web browsers, the game crossed **five million players** and recorded over 34 million total visits within nine days of its public release.

The platform monetizes through digital advertising, music promotion integrations, and brand partnerships. Proceeds from the $500,000 capital raise will support technical infrastructure scaling, team expansion, and the development of subsequent virtual world concepts under the Vatar ecosystem.

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