Nigerian based internet group, Spark, has announced that it has raised $2 million in investments since its launch in May.

According to a company statement, the money has been raised from 17 international high net-worth individual investors from Lagos, Singapore and London.

The statement explains that company founders Jason Njoku and Bastian Gotter plan to use the $2 million to expand the company’s offices, initially in Lagos, before opening Spark hubs across Nigeria.

They also plan to provide further follow-on rounds of seed-investments for Spark companies.

Jason Njoku, Spark managing partner has said in a statement, “We set out to grow the Spark companies to be market leaders. This requires capital. Our companies are laser focused, totally exceeding our initial expectations and showing increasingly strong metrics."

He added, "Every Spark company focuses and generates revenue which we feel is essential to the survival of any internet startup in Nigeria... We expect to raise more money in the coming months to cement Spark as one of the preeminent internet groups in Nigeria and Africa."

Spark builds Nigerian startups and invests time, money and expertise into some of that country’s promising tech entrepreneurs.

Spark companies currently employ 130 people across the nine launched companies, three of which have already secured second-round seed investments totaling an additional $700,000 from Njoku and Gotter.

According to the statement, Nigeria's internet sector is valued at $250 million and industry experts have calculated that this could grow to $1 billion by 2016.