Vatar Inc. raises $500k pre-seed at $10M valuation for Lagos Life browser game

Vatar Inc., creator of Lagos Life browser game, closed a $500,000 pre-seed round three days after incorporation, valuing the company at $10 million. Investors include Flutterwave CEO Olugbenga Agboola via Resilience17, Terra Industries CEO Oo Nwoye, Nathan Nwachuku, and Mono CEO Abdulhamid Hassan.

Lagos Life has attracted 4.3 million users from 15 countries, with over 100,000 concurrent players and peaks above 200,000. The game monetizes through ads, music promotion, brand deals, football streaming, and in-game top-ups via Flutterwave, already earning over $170,000 since launch.

Built in one night by CEO Shalom Rayhamen (a mother of a four-month-old) using AI tools, the game reflects Nigerian life with locations like Quilox and Amala Shitta, and lets players choose socio‑economic starts. With the new funding earmarked for product, marketing and hiring, will you try Lagos Life to see if a locally made game can deliver both entertainment and income opportunities, or watch how this model shapes future Nigerian tech startups?

SOURCE: https://techcabal.com/2026/10/09/lagos-life-maker-vatar-raises-500000/