Microtraction is a venture capital business situated in Lagos, Nigeria, that was founded in 2017. The business aspires to invest in seed-stage, early-stage, and later-stage enterprises as a minority shareholder. The company wants to invest in Africa's software industry.
Microtraction is an investment platform that finances Africa's most exceptional teams with technical founders from the very beginning of their enterprise and helps them grow long-term businesses.
They find the most promising early-stage, growth-oriented technology firms with the potential to grow into billion-dollar businesses. They help startups get to the stage where they can raise more money or join world-class accelerators. Finally, they connect entrepreneurs with later-stage investors and assist them in raising a larger amount of capital.
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Nigerian early-stage VC firm Microtraction has launched its Scout Initiative, which it says will help it discover more deals and identify high-trajectory individuals building the next big thing on the continent.
Lagos-based early-stage investment platform Microtraction has launched a bid to source more deals and identify “high-trajectory” founders.
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