Series A

Seed

Pre-Seed

Others

Pre-Series A

Unknown Series Round

Lagos

Idris Ayodeji Bello

Mariam Kamel

Kevin Simmons

LoftyInc Capital Management: Explore funding focus, portfolio highlights, and key industries. Exclusive insights at Lucidity Insights.

LoftyInc Capital Management

LoftyInc Capital co-founded an ecosystem where impact-focused investors and African founders commercialize innovations for a better world. Please see our portfolio, apply for funding, or request investment insights via links on our website.

San Francisco

Series D

Flutterwave

Fintech

Payment

Finance

Flutterwave is a fintech company that provides payment solutions for businesses.

Cairo

Sylndr

E-Commerce

Mobility

Marketplace

Retail

Automotive

Cars

Sylndr is an automotive e-commerce marketplace that builds trust in the used-car market by offering customers a transparent platform to buy and sell high-quality vehicles with diverse financing options.

Amman

Abwaab

Education

EdTech

Abwaab is an online learning platform that allows secondary-school students to learn at their own pace, test themselves and get ahead with our expert tutors anytime and anywhere. By offering short, engaging video lessons, visualized learning journeys, continuous assessment and performance analytics, we are changing the way students learn outsidethe classroom.

Giza

Pylon

Energy

Software

Utility Management

Energy Management

Pylon is a comprehensive utility management platform powering millions of smart meters in some of the world’s largest emerging markets.

MoneyHash

Payments

Financial Services

MoneyHash aims to streamline the development and management of payments, acting as a dedicated payment team by offering a versatile cloud platform so businesses worldwide can focus on their core operations.

Elevate

Digital Banking

Elevate (YC W22) is a USD accounts financial platform for global remote workers and freelancers.

Nairobi

Debt Financing

Ilara Health

Healthcare

Healthtech

Medical Device

Health Care

Ilara Health is a leading medical products and solutions company that equips healthcare professionals to achieve the best patient, clinical and economic outcomes.

Nestcoin

Crypto

Web3

Dubai

Verofax

Software Dev/Test

Pharmaceuticals

Food

Verofax offers CPG brands economic Digital twin solutions to turn every item interactive for unmatched brand metrics and operational excellence: 
- Lower your cost of acquisition by 70% and grow customer satisfaction with immersive product experience. 
- Boost your promotional ROI up to 100X vs "under-the-cap code" with frictionless validated redemption.
- Acquire 1000X more data points direct from consumers vs walled gardens and achieve impossible NPS scores.

Dakar

Paps

Delivery

Logistics

Cape Town

PE Round

Employee Benefits

Jem is the employee benefits and HR platform built for deskless workers on WhatsApp. With financial wellness at its core, Jem helps employees break free from debt cycles and build long-term financial stability through payroll-integrated savings, fair financial services and financial education.

Accra

Yemaachi Biotechnology

Biotech

Biotechnology

Bioinformatics

Artificial Intelligence

Artificial Intelligence (AI)

Yemaachi Biotechnology uses cutting-edge immunogenomics, bioinformatics, and artificial intelligence to accelerate the development of cancer detection and cure strategies for lowering the economic burden of cancer.

Brampton

Treepz

Transportation

Ride Sharing

Mobile Apps

Treepz is an all-in-one transportation solution for all your transportation needs - from commuter shuttling, executive VIP transportation, and large-scale events.

Salus Cloud

Developer

Web Development

Salus Cloud, a product of Deimos, is an innovative platform that revolutionises application deployment and management by prioritising seamless, secure, and accessible solutions for developers and teams worldwide.

WideBot

AI/IoT

Machine Learning

Generative AI

Chatbot

Conversational AI Platform that build AI-enabled chatbots that communicate in formal and informal Middle Eastern languages.

Shyft Power Solutions

Big Data

Renewables

SHYFT Power Solutions is an energy technology company that develops IoT (internet-of-things) hardware and integrated software to manage energy services intelligently.

Mtor

Information Technology

Internet

Maintenance

Mtor is an online-to-offline business offering a one-stop platform for workshops to procure a comprehensive range of automotive spare parts on demand at competitive prices

Flex Finance

Flex is a Spend management and corporate cards platform for businesses in Africa

Otida

Wellness

Otida is an Egyptian e-health startup providing a comprehensive digital health platform for diabetic patients. It acts as a virtual nutritionist, fitness coach, and physician, offering personalized care plans based on user data, including wearable device integration for continuous monitoring.

AlumUnite

Community-powered innovations catalyzing education interventions, workforce development, and societal change.

Lumi Business

Point-of-Sales System

Analytics

Lumi Business is providing a unified platform for seamless operations: from secure payment handling and efficient inventory management to streamlined expense control, customer loyalty initiatives, and insightful analytics.

Mtor, an Egyptian online auto parts marketplace, has raised $2.8 million in a pre-seed funding round led by Algebra Ventures, with participation from Dutch Founders Fund, Aditum Ventures, LoftyInc Capital, and other investors. Founded by Mohamed Maged, Mtor addresses inefficiencies in the auto parts supply chain by connecting local workshops with importers through a tech platform. The startup plans to use the funds to strengthen partnerships with importers and expand its operations in Egypt's automotive after-sales market.

Egypt’s Mtor nabs $2.8M pre-seed for its online auto parts marketplace

Nigerian fintech startup Flex Finance, a mobile ecosystem that helps MSMEs and solo entrepreneurs better manage and track their daily business expenses and finances, has raised a six-figure US dollar pre-seed funding round to support its growth. Flex allows businesses to digitise their daily operations via a simple, accessible mobile platform. Equipped with an intuitive user interface, operating the app requires little-to-no financial knowledge. The goal of the company, which was formed in September 2019, is to help MSMEs become smarter and more profitable. 
The startup has just closed a six-figure pre-seed funding round from Gumroad CEO Sahil Lavingia, LoftyInc Capital Management, Berrywood Capital, Paradox Capital, Kairos Angels, Brett Kopf, Julian Shapiro, Maneesh Arora and others.

Nigeria’s Flex Finance raises pre-seed funding to help it grow

Flex Finance, a mobile ecosystem that helps MSMEs and solo entrepreneurs better manage and track their daily business expenses and finances, has raised a six-figure pre-seed funding round to support its growth in Nigeria.Gumroad CEO Sahil Lavingia, LoftyInc Capital Management, Berrywood Capital, Paradox Capital, Kairos Angels, Brett Kopf, Julian Shapiro, Maneesh Arora, and others recently invested in the startup in a six-figure pre-seed round

Nigerian fintech startup Flex Finance secures pre-seed funding for expansion.

SHYFT Power Solutions, which builds IoT and software to optimize distributed energy resource performance and operational efficiency in emerging markets, has announced an additional $3.1M in funding to bring its total seed round to $3.8M. The round was led by the SoftBank Vision Fund’s Emerge Program and Total Carbon Neutrality Ventures with participation from other investors including Lofty Inc, Samurai Ventures and Urban US Ventures.

SHYFT Power Solutions raises an additional $3.1M Seed Round to accelerate the transition to clean, reliable, and affordable energy in emerging markets

Portfolio – LoftyInc Capital

South Africa's HR startup SmartWage has rebranded to Jem, focusing on frontline workforces. The company raised $2 million in an oversubscribed seed funding round in April. Jem aims to digitize HR processes for enterprises, offering services like payslip distribution and leave requests via WhatsApp.

SA HR startup SmartWage rebrands to Jem with new focus on frontline workforces

SmartWage, a human resources and communications technology start-up, raised $2 million in an oversubscribed seed funding round. The round saw participation from investors such as Idris Bello of LoftyInc Capital, Creator Collective Capital, and Penrose Capital. The funds will be used to enhance SmartWage's digital solutions for workforce communication and financial wellness, particularly targeting frontline employees in Africa. The company aims to address the communication gap and provide financial education and on-demand pay through platforms like WhatsApp.

SmartWage seed round raises $2M to transform African workforce

LoftyInc Capital Management, a Nigerian VC firm, made 92 investments in 2021, with 65 in African tech startups. The firm announced the first close of its US$10 million LoftyInc Afropreneurs Fund 3 (LAF3) to invest in seed-to-Series A technology-enabled companies in Africa. Notable investments include startups from Nigeria, Egypt, Kenya, South Africa, and other African countries.

Nigerian VC firm LoftyInc Capital Management made 65 African investments in 2021

Nigerian venture capital (VC) firm LoftyInc Capital Management made 92 investments across 2021, with 65 of those in African tech startups.

Egypt-based healthtech startup Otida raised $340,000 in a pre-seed funding round led by Lofty Inc, with participation from Flat6Labs Cairo, Afropreneurs, Jedar Capital, OQAL Angel Investors, UI Investments, and a group of angel investors. The funds will be used to expand Otida's digital diabetes treatment across Egypt and the MENA region. Otida provides a personalized care model for diabetic patients, using technology to collect data and tailor treatment plans.

Otida raises $340,000 for its diabetes management app

Egyptian e-health startup Otida has raised $340,000 in a pre-seed funding round led by LoftyInc Capital Management, with participation from Flat6Labs, Afropreneurs, Jedar Capital, OQAL Angel Investors, UI Investments, and some angel investors. The funding will help Otida improve the lives of 5,000 diabetes patients in Egypt and the Middle East by providing wearables for blood sugar monitoring and personalized care. The startup aims to expand its distribution and productize its operations.

Egyptian e-health startup Otida raises $340k pre-seed to help diabetes patients

Egyptian healthtech startup Otida raised $340,000 in a pre-seed funding round led by Lofty Inc, with participation from Flat6Labs Cairo, Afropreneurs, Jedar Capital, OQAL Angel Investors, UI Investments, and other angel investors. The funds will be used to productize operations and expand distribution to reach more patients. Otida provides personalized care for diabetes patients through an app that collects data and assigns a coach to each patient.

Egyptian healthtech startup Otida raises $340k in a pre-seed round

Pylon, an Egyptian infrastructure management platform for water and electricity companies in emerging markets, has raised a $19 million seed round.

The round, a combination of debt and equity, was led by U.S.-based Endure Capital, which is backed by British International Investment (formerly CDC Group), the development finance institution of the U.K. government. Participating investors include Cathexis Ventures, Loftyinc Capital, Khawarizmi Ventures and several unnamed angel investors.

Pylon currently operates in Egypt and the Philippines. Part of the seed investment will allow Pylon to expand to other countries in emerging markets, including Southeast Asia, Latin America and Africa. This funding is the company’s first venture round. CEO Ahmed Ashour said he and his co-founder, CTO Omar Radi, had bootstrapped Pylon since 2017.

LoftyInc Capital Management

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LoftyInc Capital Management

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

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Top 4 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

About

Legal

Social Media

Portfolio Companies
or Investments