LoftyInc Capital raises $43m to invest in seed and Series A startups
- LoftyInc Capital has reached the first close of its third fund aimed at late seed and Series A startups across Africa.
- The fund has received backing from development finance institutions such as Proparco and the International Finance Corporation (IFC).
- LoftyInc plans to invest at least 30% of the fund in East Africa, North Africa, and Francophone Africa.
Tech Labari - Mar 5, 2025
LoftyInc Capital Secures $43M First Close for New Pan-African Fund
LoftyInc Capital Management has successfully raised $43 million for its LoftyInc Alpha Fund, aimed a
Bendada.com - Mar 5, 2025
LoftyInc secures $43 million first close for new Africa seed fund
LoftyInc Capital Management has successfully closed $43 million for its LoftyInc Alpha Fund, aimed a
TechCrunch - Mar 4, 2025
African VC LoftyInc Capital launches third fund for seed and Series A, reaches $43M first close
LoftyInc Capital has successfully closed its third fund, LoftyInc Alpha, at $43 million, shifting it
LoftyInc's strategic focus on late seed and Series A funding is a timely response to the challenges faced by African startups. By leveraging institutional backing and a pan-African approach, the firm is well-positioned to foster growth in the region's venture capital landscape. This initiative could significantly impact the startup ecosystem, but it will be crucial to monitor the effectiveness of their support in helping startups reach the Series A stage.
