LoftyInc secures $43 million first close for new Africa seed fund
- LoftyInc Capital Management secured a $43 million first close for its LoftyInc Alpha Fund.
- The fund targets late-seed investments in Africa's high-growth tech startups.
- Key markets include Nigeria, Egypt, Kenya, and Francophone Africa.
The establishment of the LoftyInc Alpha Fund is a significant step towards enhancing the African tech ecosystem, as it not only provides much-needed capital but also leverages the expertise of seasoned investors. This approach could lead to a more robust and sustainable growth trajectory for startups in the region, fostering innovation and addressing local economic challenges.
