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LoftyInc Capital is a Pan-African venture capital firm co-founded in 2017 by LoftyInc Allied Partners Limited and Marsha Wulff. Based in Nigeria, the firm has played a significant role in Africa's tech startup ecosystem by establishing local tech hubs and angel investment networks. LoftyInc focuses on building a sustainable entrepreneurial ecosystem by investing in early-stage tech startups across Africa.
Since its inception, LoftyInc Capital has invested in over 130 companies, demonstrating a strong commitment to supporting entrepreneurs in various sectors. The firm manages a total of $43 million across its funds, including the LoftyInc Afropreneurs Fund 3, which closed at $14.2 million, and the LoftyInc Alpha Fund, which is currently active. The firm has established a reputation for backing technology-enabled solutions that cater to the everyday economy in Africa.
LoftyInc Capital's notable milestones include successful exits from companies like Flutterwave and Andela, which have significantly contributed to the firm's track record. The firm operates from multiple locations, including Nigeria, Egypt, and Kenya, and has a diverse LP base that includes institutional investors such as FMO and Proparco.
LoftyInc Capital invests in seed-stage technology-enabled companies across various sectors, including fintech, edtech, healthcare, climate tech, and artificial intelligence. The firm targets markets in Nigeria, Egypt, Kenya, and Francophone Africa, aiming to support entrepreneurs in building resilient and scalable businesses. Their investment strategy encompasses pre-seed, seed, and seed-plus stages, focusing on companies that provide practical, high-impact solutions.
The firm emphasizes sustainable impact and repeatable growth models, seeking entrepreneurs who address significant market opportunities in Africa. LoftyInc Capital's investment thesis highlights the importance of technology in enhancing the everyday economy, making it a key player in the African venture capital landscape. The firm looks for founders who demonstrate strong leadership, a clear vision, and the ability to execute their business plans effectively.
LoftyInc Capital has invested in over 130 Afropreneurs since its inception, with a diverse portfolio that spans multiple sectors. Notable portfolio companies include:
Other notable investments include Wave Mobile Money, RelianceHealth, and Thndr, showcasing LoftyInc's commitment to supporting innovative solutions across the continent. The firm has a strong emphasis on technology-enabled solutions that address everyday challenges faced by consumers and businesses in Africa.
Idris Ayodeji Bello - Managing Partner; he has backed over 100 startups across 25 markets and led 14+ exits, showcasing his extensive experience in venture capital.
Mariam Kamel - General Partner; she has a background in investment banking and startup advisory, with expertise in the MENA region.
Kevin Simmons - General Partner; he has experience as a founder, operator, and investor across 15 markets on three continents.
Lydia Idem - Chief Operating Officer; she oversees the firm's operations and ensures efficient management of portfolio companies.
Marsha Wulff - Founding Partner; she co-founded LoftyInc Capital and has been instrumental in shaping its investment strategy.
Michael Oluwagbemi - Founding Partner; he brings a wealth of experience in venture capital and entrepreneurship.
Matthew Akano - Director of Fund Operations; he manages the operational aspects of the firm's funds.
Alyune-Blondin Diop - Investment Principal; he focuses on sourcing and evaluating potential investments.
Mazen Al-Morshedy - Investment Associate; he supports the investment team in due diligence and portfolio management.
Oluwatofunmi Idowu - Venture Analyst; he assists in analyzing market trends and identifying investment opportunities.
To pitch LoftyInc Capital, founders should use the submission form available on their website. The pitch deck should include a clear overview of the business model, market opportunity, competitive landscape, and team background. Founders are encouraged to provide detailed financial projections and growth strategies.
LoftyInc Capital typically responds to pitch submissions within a few weeks. While warm introductions can be beneficial, they are not strictly necessary for submission. The firm values clarity and thoroughness in the pitch materials provided.
In March 2025, LoftyInc Capital announced the first close of its third fund, LoftyInc Alpha, with a total of $43 million. This fund marks a strategic shift towards late-seed and Series A investments, targeting 20-25 companies with initial checks of approximately $1 million and follow-ons up to $5 million.
Recent investments include notable companies such as Flutterwave and Andela, which have significantly contributed to the firm's reputation in the African venture capital space. The firm continues to actively deploy capital into early-stage companies, reinforcing its commitment to supporting technology-enabled solutions across Africa.
What are LoftyInc Capital's investment criteria?
LoftyInc Capital focuses on seed-stage technology-enabled companies across sectors such as fintech, edtech, healthcare, climate tech, and AI. They seek entrepreneurs who demonstrate strong leadership and a clear vision for their businesses.
How can I apply or pitch to LoftyInc Capital?
Founders can submit their pitch decks through the submission form available on their website. The firm encourages detailed presentations that outline the business model, market opportunity, and team background.
What makes LoftyInc Capital different from other venture capital firms?
LoftyInc Capital emphasizes sustainable impact and scalable business models, focusing on technology solutions that cater to the everyday economy in Africa. Their extensive networks and industry expertise provide significant value to portfolio companies.
What is the geographic scope of LoftyInc Capital's investments?
The firm primarily targets markets in Nigeria, Egypt, Kenya, and Francophone Africa, aiming to support entrepreneurs across the continent.
What is the typical check size for investments?
LoftyInc Capital typically invests initial checks of around $1 million, with follow-on investments reaching up to $5 million, depending on the growth stage of the portfolio company.
What kind of post-investment involvement does LoftyInc Capital have?
The firm provides strategic guidance, operational support, and access to a community of entrepreneurs and investors, fostering collaboration and knowledge sharing among its portfolio companies.
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