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African Startup Funding Tracker

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LoftyInc Capital Closes Third Fund At USD 14.3 Mn
LoftyInc Capital Closes Third Fund At USD 14.3 Mn

VC firm LoftyInc Capital, today announced the final close of the fund which was raised in eight months at USD 14.2 Mn, 40% oversubscribed, LAF3 closed in Q1 2022. The fund was raised from limited partners from its second fund, including FBNQuest Funds, syndicates from The Green Investment Club, HNIs from multinationals like Google, Facebook, and ExxonMobil; and Andela CEO Jeremy Johnson.

With the LAF3, LoftyInc Capital will invest in Seed-to-Series A technology-enabled companies founded by African entrepreneurs. The firm will significantly deepen its focus on investing in the most promising early to growth-stage startups improving African lives with disruptive tech-enabled products and services.