LoftyInc Capital

LoftyInc Capital is a Pan-African venture capital firm co-founded in 2017 by LoftyInc Allied Partners Limited (LAPL) and Marsha Wulff. The firm has played a pioneering role in Africa’s tech startup ecosystem, establishing local tech hubs and angel investment networks such as the Afropreneur Angel Group (AAG) and the Lagos Angel Network. Its influence dates back to 2010 with the creation of the Wennovation Hub, one of Nigeria’s leading tech incubators. Through its previous funds, LoftyInc has financed hundreds of startups, and its new Alpha Fund will see the firm scale its operations across Africa, continuing its mission to empower innovative startups and solidifying Africa’s position in the global tech landscape. The Alpha Fund is designed to build on insights from previous funds. Furthermore, several African high-net-worth individuals and European family offices joined, showcasing a strong alignment of regional and global investors who share a vision of accelerating Africa’s tech ecosystem. LoftyInc Capital has backed startups such as Flutterwave, Andela, Wave Mobile Money, OmniRetail, RelianceHealth, Thndr, and Moove, which recently secured $100 million in investment from Uber and Mubadala. The firm has played a key role in shaping Africa’s tech ecosystem while delivering strong returns to investors. The Fund’s first close attracted a mix of African and international backers, including sovereign wealth funds, development finance institutions (DFIs), US family offices, and regional investment bodies. Investors include Egypt’s Micro, Small, and Medium Enterprises Development Agency (MSMEDA), Tunisia’s 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 US-based First Close Partners.

Focus on tech-enabled solutions for the 'everyday economy' in Africa, Targeting early-stage startups in sectors such as financial services, retail enablement, logistics, healthcare, climate tech, and artificial intelligence, Geographical focus on Nigeria, Egypt, Kenya, and Francophone Africa, Investment sizes ranging from $1 million to $5 million