LAF3 FINAL CLOSE LoftyInc Capital Management, an early-stage African-focused venture capital firm, announces the final close of its over-subscribed LoftyInc Afropreneurs Fund 3 (LAF3). It was raised in 8 months with participation from African HNWIs, US family offices, global tech giants, financial institutions, and angel investors. LAF3 closed in Q1 of this year. Coming off […]
How angel investing helps close early-stage financing gap for high growth ventures in Africa Investment by angel investors into African startups has recently grown rapidly alongside the development of startup ecosystems, which have greatly increased the number of investable opportunities. Early signs of success, such the emergence of several very successful African fintech startups, have […]
Foley Advises LoftyInc Capital on Launch of $10M Fund for Tech Startups Foley & Lardner LLP acted as legal counsel to LoftyInc Capital, a pan-African VC firm, in the launch of its third fund – LoftyInc Afropreneurs Fund 3 – at $10 million for technology startups in Africa. The firm has reached the first close […]
LoftyInc Capital launches third fund at $10M for a more diverse portfolio of African startups LoftyInc Capital, a pan-African VC firm, announced today that it is launching its third fund — LoftyInc Afropreneurs Fund 3 — at $10 million for tech startups in Africa. The firm has reached the first close of $5.5 million. Some […]
An insight into how early-stage venture firm, LoftyInc Capital Management, invests in African startups On the surface, Reliance HMO, a Nigerian health insurance startup, and Printivo, a print-on-demand startup from Nigeria, have nothing in common. But they do. They are both portfolio companies of LoftyInc Capital Management, creators of Wennovation Hub, Nigeria’s first private incubator. […]