LoftyInc Capital Secures $43M First Close for New Pan-African Fund
- LoftyInc Capital Management raised $43 million in the first close of its LoftyInc Alpha Fund.
- The fund targets key African markets including Nigeria, Egypt, Kenya, and Francophone Africa.
- LoftyInc is focusing on sectors such as financial services, retail enablement, logistics, healthcare, climate tech, and AI.
The establishment of the LoftyInc Alpha Fund is a significant step towards enhancing the venture capital landscape in Africa. By focusing on transformative tech solutions and empowering local entrepreneurs, LoftyInc is not only addressing immediate funding challenges but also fostering long-term economic growth in the region. This initiative could serve as a model for future investments in emerging markets.
