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.
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).
Kobo360 investors sell equity to ex-CEO Obi Ozor as struggles mount
Kobo360 raised approximately $79 million but has seen a dramatic decline in operations. Co-founder Obi Ozor has repurchased shares and taken on ₦10 billion in debt to revive the company.
Naked secures $38 million to advance AI-driven Insurance in South Africa
Naked secured $38 million in Series B2 funding, its largest capital raise to date. The funding round was led by global impact investor BlueOrchard, with support from Hollard, Yellowwoods, IFC, and DEG.
South Africa Insurtech Naked Raises $38M to Expand AI-Powered Insurance
Naked secured a $38 million Series B2 funding round. Total funding raised by Naked exceeds $69 million.
