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LoftyInc Capital is a venture capital firm providing early-stage funding to African technology startups. It backs Afropreneurs building tech-enabled solutions across high-impact sectors like fintech, edtech, and climate. Their strategy combines capital deployment with strategic guidance, fostering growth and scalability for portfolio companies continent-wide.
Founded in 2017 by Idris Bello, LoftyInc Capital emerged from Bello's extensive experience as an Afropreneur, angel investor, and advisor. His insight recognized the need for a dedicated platform supporting Africa's burgeoning tech ecosystem. Bello's prior involvement, including co-founding The Wennovation Hub, directly shaped the firm's mission empowering local innovators.
LoftyInc Capital's clientele comprises ambitious African tech founders and their developing companies, receiving crucial early capital for growth. Its vision is to cultivate a robust, sustainable tech landscape across Africa. It aims for widespread societal and economic impact by backing market-creating innovations addressing critical regional challenges and fostering new opportunities.
LoftyInc has 7 tracked investments across 7 companies. The latest tracked deal is $9.0M Series B in Terragon Group in July 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 27, 2023 | Terragon Group | $9.0M Series B | Grégoire DE Padirac | Sango Capital, TLcom Capital, Vestedworld, Western Technology Investment |
| May 1, 2022 | FoondaMate | $2.0M Seed | LocalGlobe | Afore Capital, Andreessen Horowitz, Future Africa, Gigascale Capital, Next Play Ventures, Adam D'angelo, Allison Pickens (Allison Pickens Ventures), Amjad Masad, Surahbi Gupta, Isaac Oates, Marcus Swanepoel, Emerge, Odunayo Eweniyi, XX Accelerator |
| Apr 12, 2022 | Pylon | $19.0M Seed | Tarek Fahim | Cathexis Ventures, Khwarizmi Ventures |
| Apr 1, 2022 | Pylon | $19.0M Seed | Endure Capital | Algebra Ventures, Plus Venture Capital, Cathexis Ventures, Khwarizmi Ventures |
| Mar 7, 2022 | Rocket Health | $5.0M Series A | — | Grenfell Holdings |
| Nov 9, 2021 | Craydel | $1.0M Pre-Seed | Mike Mompi | Bisk Ventures, Britegaze, Chandaria Capital, Future OF Learning Fund, Tekton Ventures |
| Jul 17, 2021 | Akiba Digital | $1.1M Pre-Seed | Expert Dojo, OUI Capital | Basecamp Fund, Future Africa, Hustle Fund, Soma Capital |
