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LoftyInc Capital raises $43M to bridge Africa’s series A Gap
Africa’s startup scene just got a big boost! LoftyInc Capital, one of the continent’s most active VC firms, has secured $43 million in the first close of its third fund, LoftyInc Alpha.
Why This Matters:
For over a decade, LoftyInc has backed early-stage African startups, making early bets on unicorns like Flutterwave, Andela, and Wave. But the firm is now shifting focus: late-seed and Series A funding - a critical gap in Africa’s investment ecosystem.
According to a recent Partech report, Series A funding in Africa saw an 18% drop in average ticket size in 2023, making it harder for promising startups to scale. While pre-seed and seed investments are still thriving, many startups struggle to reach the next level. LoftyInc aims to change that.
The Fund’s Focus:
✔️ Investing $1M-$5M in 20-25 startups
✔️ Supporting Nigeria, Egypt, Kenya & Francophone Africa
✔️ Key sectors: Fintech, logistics, health tech, retail, climate, deep tech & AI
✔️Backed by major investors, including Meta, IFC, FMO, Proparco, and sovereign wealth funds from Africa and the Middle East
More Than Just Capital:
LoftyInc isn’t just writing checks. With 200+ investments and 14 exits, the firm provides:
✅ Market access to help startups scale
✅ Business development support to refine strategy
✅ Investor matchmaking to secure future funding rounds
LoftyInc has already invested in some of Africa’s biggest rising stars, including:
Moove (Uber-backed vehicle financing)
Thndr (Egypt’s Robinhood-style trading app)
OmniRetail (B2B e-commerce)
By helping startups bridge the funding gap, LoftyInc is paving the way for Africa’s next generation of unicorns.
Will this be the fund that launches the continent’s next big success story?
For over a decade, LoftyInc has backed early-stage African startups, making early bets on unicorns like Flutterwave, Andela, and Wave. But the firm is now shifting focus: late-seed and Series A funding - a critical gap in Africa’s investment ecosystem.
According to a recent Partech report, Series A funding in Africa saw an 18% drop in average ticket size in 2023, making it harder for promising startups to scale. While pre-seed and seed investments are still thriving, many startups struggle to reach the next level. LoftyInc aims to change that.
The Fund’s Focus:
✔️ Investing $1M-$5M in 20-25 startups
✔️ Supporting Nigeria, Egypt, Kenya & Francophone Africa
✔️ Key sectors: Fintech, logistics, health tech, retail, climate, deep tech & AI
✔️Backed by major investors, including Meta, IFC, FMO, Proparco, and sovereign wealth funds from Africa and the Middle East
More Than Just Capital:
LoftyInc isn’t just writing checks. With 200+ investments and 14 exits, the firm provides:
✅ Market access to help startups scale
✅ Business development support to refine strategy
✅ Investor matchmaking to secure future funding rounds
LoftyInc has already invested in some of Africa’s biggest rising stars, including:
Moove (Uber-backed vehicle financing)
Thndr (Egypt’s Robinhood-style trading app)
OmniRetail (B2B e-commerce)
By helping startups bridge the funding gap, LoftyInc is paving the way for Africa’s next generation of unicorns.
Will this be the fund that launches the continent’s next big success story?
