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African VC LoftyInc Capital launches third fund for seed and Series A, reaches $43M first close

TechCrunch LogoTechCrunch12h ago

African VC LoftyInc Capital launches third fund for seed and Series A, reaches $43M first close - TechCrunch

Quick Summary:

One of Africa’s most active investors, known for early bets on unicorns like Flutterwave, Andela, and Wave, has secured fresh capital to invest in startups across the continent.

This comes as funding deals and volumes in Africa saw only a slight dip last year, according to a report by VC firm Partech.

The first close attracted a diverse group of limited partners, including sovereign wealth funds from the Middle East and Africa, such as Egypt’s MSMEDA and Tunisia’s Anava Fund of Funds.

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African VC LoftyInc Capital launches third fund for seed and Series A, reaches $43M first close - TechCrunch (Picture 1)

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Article Details

Author / Journalist: Tage Kene-Okafor

Category: Technology

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-04 @ 22:00:17 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 913 words

Reading Time: 6 minutes read

Sentences: 30 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 26670116

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