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loftyinc capital secures 43 million for new pan-african seed fund

LoftyInc Capital Management has announced the first close of its LoftyInc Alpha Fund, raising $43 million to support late-seed investments in promising African tech startups across Nigeria, Egypt, Kenya, and Francophone Africa. The fund aims to empower entrepreneurs in sectors like financial services, logistics, and AI, backed by a diverse group of investors, including sovereign wealth funds and development finance institutions. Managing partner Idris Ayodeji Bello expressed excitement over surpassing fundraising targets, emphasizing the commitment to fostering Africa's tech ecosystem.
Disrupt Africa
United States Dollar EGY NLD TUN FRA KEN Idris Ayodeji Bello Marsha Wulff Show more
Business & Industry, Press Release
07:00 07.03.2025
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