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loftyinc alpha fund raises 43 million to boost african tech startups

LoftyInc Capital Management has raised $43 million for its LoftyInc Alpha Fund, targeting late-seed investments in promising African tech startups, particularly in Nigeria, Egypt, Kenya, and Francophone Africa. The fund attracted diverse backers, including sovereign wealth funds and development finance institutions, reflecting strong regional confidence in LoftyInc's investment capabilities. With a focus on helping startups scale, the fund leverages LoftyInc's extensive network and expertise to support founders in overcoming operational challenges and expanding their market reach.
My Startup World - Everything About the World of Startups!
United States Dollar KEN USA NLD EGY TUN Mariam Kamel Idris Ayodeji Bello Kevin Simmons Show more
Business & Industry, Press Release
11:20 10.03.2025

loftyinc capital secures 43 million for new alpha fund targeting african startups

LoftyInc Capital Management has raised $43 million for its LoftyInc Alpha Fund, targeting late-seed investments in Africa's tech startups, particularly in Nigeria, Egypt, Kenya, and Francophone Africa. The fund attracted diverse backers, including sovereign wealth funds and high-net-worth individuals, reflecting strong regional confidence in LoftyInc's expertise. With a seasoned leadership team, the fund aims to support startups in scaling their operations and navigating market challenges, contributing to Africa's growing role in global innovation.
Lucidity Insights
United States Dollar USA NLD TUN EGY KEN Idris Ayodeji Bello Kevin Simmons Mariam Kamel Show more
Business & Industry, Press Release
04:12 06.03.2025
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