LoftyInc Capital, a major African venture investor known for early bets on unicorns like Flutterwave and Andela, has closed the first round of its third fund, LoftyInc Alpha, at $43 million. Shifting from its traditional pre-seed and seed investments, the fund now focuses on late-seed and Series A startups across Nigeria, Egypt, Kenya, and Francophone Africa. Investors include sovereign wealth funds, development finance institutions, and high-net-worth individuals, reflecting strong regional and global backing. Founder Idris Ayo Bello aims to bridge the funding gap between pre-seed and Series A, addressing challenges African startups face in scaling. With over 200 investments and 14 exits, LoftyInc differentiates itself by offering market access, investor matchmaking, and operational expertise to support startups in key sectors like fintech, logistics, health tech, and AI. Continue here.
