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?