Pan-African VC LoftyInc Capital Launches Third Fund At USD 10 Mn

LoftyInc Capital, a pan-African venture capital firm, announced today the launch of its third USD 10 Mn fund, LoftyInc Afropreneurs Fund 3, for tech startups in Africa. The firm has reached the first close of USD 5.5 Mn. Some of the limited partners in the vehicle include those from its second fund, FBNQuest Funds, syndicates from The Green Investment Club, HNIs from multinationals like Google, Facebook, and ExxonMobil; and Andela CEO Jeremy Johnson, among others.