{"id":66972,"date":"2025-03-19T18:15:40","date_gmt":"2025-03-19T18:15:40","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/all-news\/loftyinc-capital-secures-43-million-for-africas-emerging-tech-startups"},"modified":"2025-04-19T20:16:02","modified_gmt":"2025-04-19T20:16:02","slug":"loftyinc-capital-secures-43-million-for-africas-emerging-tech-startups","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/loftyinc-capital-secures-43-million-for-africas-emerging-tech-startups","title":{"rendered":"Loftyinc Capital Secures $43 Million for Africa\u2019S Emerging Tech Startups"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Eswatini. <\/strong><\/span><b>LoftyInc Capital Management , a leading pan-African venture capital firm, has announced the first close of its LoftyInc Alpha Fund, securing $43 million. This late-seed investment fund is dedicated to fostering the growth of Africa\u2019s emerging tech startups, with a primary focus on key markets such as Nigeria, Egypt, Kenya, and regions within Francophone Africa.<\/b><\/p>\n<p>The fund has drawn support from a diverse range of investors, including sovereign wealth funds, development finance institutions (DFIs), U.S. family offices, and regional investment organizations. Among its notable backers are Egypt\u2019s Micro, Small, and Medium Enterprises Development Agency (MSMEDA), Tunisia\u2019s Anava Fund of Funds, FMO (the Dutch Entrepreneurial Development Bank), Proparco with FISEA, the International Finance Corporation (IFC), AfricaGrow (advised by DEG Impact GmbH), the Dutch Good Growth Fund (DGGF), and U.S.-based First Close Partners.<\/p>\n<p>LoftyInc intends to allocate at least 30% of the fund to East Africa, North Africa, and Francophone Africa while maintaining a sector-agnostic investment strategy. The firm is targeting companies operating in health tech, retail, deep tech, and artificial intelligence.<\/p>\n<p>The leadership team at LoftyInc brings a wealth of experience to the fund. Managing Partner Idris Ayodeji Bello has backed more than 100 startups across 25 markets, securing 14 successful exits. General Partners Mariam Kamel and Kevin Simmons add expertise in investment banking, startup advisory, and operational management across multiple continents.<\/p>\n<p>This strategic initiative highlights LoftyInc\u2019s dedication to fostering innovation and strengthening Africa\u2019s position in the global technology ecosystem.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Eswatini<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Eswatini. LoftyInc Capital Management , a leading pan-African venture capital firm, has announced the first close of its LoftyInc Alpha Fund, securing $43 million. This late-seed investment fund is dedicated to fostering the growth of Africa\u2019s emerging tech startups, with a primary focus on key markets such as Nigeria, Egypt, Kenya, and regions [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":66971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[249],"class_list":["post-66972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-eswatini"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Loftyinc Capital Secures $43 Million for Africa\u2019S Emerging Tech Startups - Eswatini<\/title>\n<meta name=\"description\" content=\"LoftyInc Capital Management , a leading pan-African venture capital firm, has announced the first close of its LoftyI ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/loftyinc-capital-secures-43-million-for-africas-emerging-tech-startups\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Loftyinc Capital Secures $43 Million for Africa\u2019S Emerging Tech Startups\" \/>\n<meta property=\"og:description\" content=\"LoftyInc Capital Management , a leading pan-African venture capital firm, has announced the first close of its LoftyI ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/loftyinc-capital-secures-43-million-for-africas-emerging-tech-startups\" \/>\n<meta property=\"og:site_name\" content=\"Eswatini\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-19T18:15:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-19T20:16:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2025\/03\/sm_1742398342.023982.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"572\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/loftyinc-capital-secures-43-million-for-africas-emerging-tech-startups#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/loftyinc-capital-secures-43-million-for-africas-emerging-tech-startups\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Loftyinc Capital Secures $43 Million for Africa\u2019S Emerging Tech Startups\",\"datePublished\":\"2025-03-19T18:15:40+00:00\",\"dateModified\":\"2025-04-19T20:16:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/loftyinc-capital-secures-43-million-for-africas-emerging-tech-startups\"},\"wordCount\":263,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/loftyinc-capital-secures-43-million-for-africas-emerging-tech-startups#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2025\/03\/sm_1742398342.023982.jpg\",\"keywords\":[\"Eswatini\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eswatini\/all-news\/loftyinc-capital-secures-43-million-for-africas-emerging-tech-startups#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/loftyinc-capital-secures-43-million-for-africas-emerging-tech-startups\",\"url\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/loftyinc-capital-secures-43-million-for-africas-emerging-tech-startups\",\"name\":\"Loftyinc Capital Secures $43 Million for Africa\u2019S Emerging Tech Startups - 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