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 of $5.5 million, and partners include those from its second fund, FBNQuest Funds; syndicates from The Green Investment Club; HNIs from Google, Facebook and ExxonMobil; and Andela CEO Jeremy Johnson, among others.

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