LoftyInc Capital Management

LoftyInc Capital Management is a venture capital firm established in 2017 and headquartered in Lagos, Nigeria. The firm focuses on investing in technology companies across Africa, having committed over $25 million to more than 150 high-growth enterprises, including three unicorns. LoftyInc has successfully attracted approximately $1.5 billion in follow-on funding for its portfolio companies, emphasizing long-term growth and community benefits. The firm has developed a broad ecosystem that includes tech hubs, angel networks, and talent platforms to support its investments. To date, LoftyInc has realized 14 exits and achieved a notable return on investment through its funds.

Julius Aroba

Investment Associate

Oluseye Bassir

Partner

Idris Bello

Founding Partner

Lydia Idem

COO

Mariam Kamel

General Partner

Michael Oluwagbemi

Founding Partner

Kevin Simmons

General Partner

Marsha Wulff

Co-Founder

Past deals in Africa and Middle East

Craydel

Pre Seed Round in 2023
Craydel is an educational information platform that assists students and working professionals in Africa in discovering, comparing, and applying to higher education programs. The platform features thousands of verified undergraduate, postgraduate, and vocational programs from leading universities and colleges across 15 countries, many of which can be accessed online. Craydel aims to simplify the decision-making process by offering comprehensive information on colleges, course options, and tuition fees, allowing users to evaluate programs based on their career aspirations, personal preferences, academic qualifications, and financial considerations. This facilitates informed choices about educational and career paths, including opportunities for online certificate programs that allow prospective students to explore their interests before making a commitment.

ORDA

Seed Round in 2022
ORDA is a cloud-based restaurant operating system built for African chefs and food business owners. ORDA's ePos, integrations, and lending solutions enable Africa’s millions of food business owners to scale and grow their business. The company was founded in 2020 and is based in Lagos, Nigeria.

Craydel

Pre Seed Round in 2022
Craydel is an educational information platform that assists students and working professionals in Africa in discovering, comparing, and applying to higher education programs. The platform features thousands of verified undergraduate, postgraduate, and vocational programs from leading universities and colleges across 15 countries, many of which can be accessed online. Craydel aims to simplify the decision-making process by offering comprehensive information on colleges, course options, and tuition fees, allowing users to evaluate programs based on their career aspirations, personal preferences, academic qualifications, and financial considerations. This facilitates informed choices about educational and career paths, including opportunities for online certificate programs that allow prospective students to explore their interests before making a commitment.

Omnibiz

Seed Round in 2022
Omnibiz is a B2B e-commerce platform based in Lagos, Nigeria, that focuses on fast-moving consumer goods (FMCG) manufacturers, distributors, and retailers. Founded in 2019, the company aims to support local businesses by digitizing the supply chain and enhancing operational efficiency. Its unified distribution platform offers tools that improve reliability, visibility, and financial capabilities for businesses. Key features include order tracking and integrated payment options, all designed to facilitate a seamless supply chain experience. By providing these resources, Omnibiz helps local enterprises navigate the complexities of the modern market and achieve their business objectives effectively.

Aladdin

Seed Round in 2022
Aladdin is a neobank designed specifically for small and medium-sized businesses (SMBs) and gig workers in Africa. It offers an integrated digital banking application that provides essential financial tools, including savings accounts, credit access, secure payments, and investment options. The platform facilitates safe transactions between users through a built-in escrow account, ensuring secure financial interactions. Additionally, Aladdin connects customers with verified buyers and sellers, allowing them to buy and sell products and services while enjoying a supportive community environment. By combining traditional banking services with a marketplace, Aladdin aims to empower its users with the resources they need to thrive in a dynamic economy.

Omnibiz

Seed Round in 2022
Omnibiz is a B2B e-commerce platform based in Lagos, Nigeria, that focuses on fast-moving consumer goods (FMCG) manufacturers, distributors, and retailers. Founded in 2019, the company aims to support local businesses by digitizing the supply chain and enhancing operational efficiency. Its unified distribution platform offers tools that improve reliability, visibility, and financial capabilities for businesses. Key features include order tracking and integrated payment options, all designed to facilitate a seamless supply chain experience. By providing these resources, Omnibiz helps local enterprises navigate the complexities of the modern market and achieve their business objectives effectively.

All I Do Is Cook

Pre Seed Round in 2022
Adun is a manufacturer of dishes and food products, packaged and delivered to suit modern-day lifestyles. They offer nigerian food, ethnic food, food delivery, direct-to-consumer, consumer packaged goods, and african food.

ORDA

Seed Round in 2022
ORDA is a cloud-based restaurant operating system built for African chefs and food business owners. ORDA's ePos, integrations, and lending solutions enable Africa’s millions of food business owners to scale and grow their business. The company was founded in 2020 and is based in Lagos, Nigeria.

Bloom

Pre Seed Round in 2022
Bloom is a financial technology company that operates a digital banking platform aimed at providing regulated banking services to consumers. Its application allows users to open bank accounts online, access fee-free bank accounts in both Sudanese and US dollars, and obtain free USD Mastercards. The platform facilitates free transfers within Sudan and offers complimentary international remittance services from various countries. By focusing on innovative and inclusive financial products, Bloom seeks to enhance the financial well-being of its customers.

MoneyHash

Pre Seed Round in 2022
MoneyHash provides access to payment and fintech services across the Middle East & Africa with one simple integration.

Paps

Seed Round in 2022
Paps is a transport and logistics company based in Dakar, Senegal, founded in 2016. It provides innovative distribution and delivery solutions tailored for companies and merchants. The company's e-commerce platform facilitates real-time scheduling and tracking of deliveries, enhancing the logistics process. Paps specializes in the distribution of documents and parcels, secure storage of goods, and insured delivery options, including last-mile and relay point services. Additionally, it offers professional services such as cash-on-delivery management, courier provision, returns management, and periodic reporting. The company’s on-demand logistics application features live tracking, an intelligent address system, and automatic dispatch, ensuring clients benefit from timely shipment movements.

ORDA

Pre Seed Round in 2022
ORDA is a cloud-based restaurant operating system built for African chefs and food business owners. ORDA's ePos, integrations, and lending solutions enable Africa’s millions of food business owners to scale and grow their business. The company was founded in 2020 and is based in Lagos, Nigeria.

Treepz

Seed Round in 2021
Treepz is a transportation technology company that aims to improve commuting in Africa. Founded in 2019 and headquartered in Ontario, Canada, it operates in Nigeria, Ghana, Uganda, and Kenya. The company offers a transport-hailing application that provides users with access to various modes of transport, including vehicles, buses, and licensed drivers. This app enables users to book reliable and comfortable trips for daily, inter-city, or corporate commutes with ease. Additionally, Treepz incorporates features such as vehicle assistants and e-wallet payments, allowing for fast and convenient real-time transactions. By leveraging technology, Treepz seeks to create a safer and more efficient transportation system for its users across the continent.

Craydel

Pre Seed Round in 2021
Craydel is an educational information platform that assists students and working professionals in Africa in discovering, comparing, and applying to higher education programs. The platform features thousands of verified undergraduate, postgraduate, and vocational programs from leading universities and colleges across 15 countries, many of which can be accessed online. Craydel aims to simplify the decision-making process by offering comprehensive information on colleges, course options, and tuition fees, allowing users to evaluate programs based on their career aspirations, personal preferences, academic qualifications, and financial considerations. This facilitates informed choices about educational and career paths, including opportunities for online certificate programs that allow prospective students to explore their interests before making a commitment.

ShipBlu

Seed Round in 2021
ShipBlu is a delivery services platform based in Giza, Egypt, that specializes in e-commerce shipping and fulfillment. Founded in 2021, the company provides 24-hour delivery services accompanied by live tracking, enhancing the overall customer experience. ShipBlu employs artificial intelligence and machine learning technologies to ensure transparency and compliance in its shipping processes. By offering efficient warehousing and fulfillment services, ShipBlu enables clients to deliver products to their customers with ease.

Union54

Seed Round in 2021
Union54 is a debit card issuing API based in Lusaka, Zambia, founded in 2020. It enables fintech companies and corporates to issue debit cards to their customers without the need for a bank or credit card processor. The company offers services such as BIN sponsorship, transaction processing, and settlement, streamlining the card issuance process for software developers. Union54's platform allows businesses to integrate debit card functionality into their offerings, enhancing their financial services capabilities.

ILLA

Seed Round in 2021
ILLA is a logistics company based in El Dokki, Egypt, specializing in middle-mile delivery services for fast-moving consumer goods (FMCG) companies. Founded in 2017, ILLA employs a digitized approach to manage the delivery process, enhancing efficiency from planning to execution. The company offers services tailored to both modern and traditional trade, as well as internal supply needs. By leveraging a diverse network of trucks with varying capacities, ILLA functions as an internal fleet for its clients, providing them with complete control and visibility over their logistics operations. This dynamic solution enables FMCG companies to effectively navigate the challenges of delivering products to various retail and non-retail outlets, ultimately driving sales growth.

Eden Life

Seed Round in 2021
Eden Life, Inc. is a technology-enabled service provider based in Lagos, Nigeria, that specializes in housekeeping and related services for busy individuals. The company simplifies household management by offering a variety of services, including laundry, meal preparation, cleaning, equipment maintenance, and beauty services. Eden Life operates through an online platform and a mobile application, allowing users to conveniently book and access these services. Additionally, the company creates a diverse marketplace by partnering with various vendors, ensuring that customers can meet their household needs efficiently in both Nigeria and Kenya.

Mono

Series A in 2021
Mono is a Nigerian company founded in 2020 that specializes in financial data infrastructure through its application programming interface (API) platform. This platform offers businesses the ability to access essential financial information, including bank statements, account verification, and payment initiation. Mono's services are designed to enhance onboarding and identification processes, particularly in emerging markets. By providing real-time access to financial data and enabling secure direct bank payments, Mono aims to empower companies of all sizes, from startups to large enterprises. The company's mission focuses on unlocking the potential of Africa’s financial system, facilitating economic growth by equipping businesses with the necessary tools to thrive in the digital economy.

Payday

Pre Seed Round in 2021
Payday is a fintech platform that provides global payment solutions such as virtual mastercards and payments for foreign employees. Payday can also be used to handle payroll, taxes, and compliance by foreign companies with African employees. Payday was established on May 1, 2021 in Vancouver, British Columbia by Favour Ori.

Bloom

Pre Seed Round in 2021
Bloom is a financial technology company that operates a digital banking platform aimed at providing regulated banking services to consumers. Its application allows users to open bank accounts online, access fee-free bank accounts in both Sudanese and US dollars, and obtain free USD Mastercards. The platform facilitates free transfers within Sudan and offers complimentary international remittance services from various countries. By focusing on innovative and inclusive financial products, Bloom seeks to enhance the financial well-being of its customers.

Dash

Venture Round in 2021
Dash is building a unified, modern, and accessible alternative payment network for African consumers and businesses. The company was founded in 2020 and is headquartered in New York, United States.

Omnibiz

Seed Round in 2021
Omnibiz is a B2B e-commerce platform based in Lagos, Nigeria, that focuses on fast-moving consumer goods (FMCG) manufacturers, distributors, and retailers. Founded in 2019, the company aims to support local businesses by digitizing the supply chain and enhancing operational efficiency. Its unified distribution platform offers tools that improve reliability, visibility, and financial capabilities for businesses. Key features include order tracking and integrated payment options, all designed to facilitate a seamless supply chain experience. By providing these resources, Omnibiz helps local enterprises navigate the complexities of the modern market and achieve their business objectives effectively.

Tendo

Pre Seed Round in 2021
Tendo is an online platform based in Accra, Ghana, that enables independent resellers to start their own e-commerce businesses without any upfront investment. Founded in 2019, the company connects resellers with products sourced from various suppliers, allowing them to sell ready-to-ship items directly to customers. Tendo's application facilitates the addition of profit margins to products and offers access to social media platforms for marketing. Resellers can list products at wholesale prices without the need for inventory management or transportation logistics, thereby simplifying the process of independent reselling. This model empowers small businesses and individuals to engage in online commerce efficiently.

MoneyHash

Pre Seed Round in 2021
MoneyHash provides access to payment and fintech services across the Middle East & Africa with one simple integration.

Aladdin

Seed Round in 2021
Aladdin is a neobank designed specifically for small and medium-sized businesses (SMBs) and gig workers in Africa. It offers an integrated digital banking application that provides essential financial tools, including savings accounts, credit access, secure payments, and investment options. The platform facilitates safe transactions between users through a built-in escrow account, ensuring secure financial interactions. Additionally, Aladdin connects customers with verified buyers and sellers, allowing them to buy and sell products and services while enjoying a supportive community environment. By combining traditional banking services with a marketplace, Aladdin aims to empower its users with the resources they need to thrive in a dynamic economy.

ORDA

Pre Seed Round in 2021
ORDA is a cloud-based restaurant operating system built for African chefs and food business owners. ORDA's ePos, integrations, and lending solutions enable Africa’s millions of food business owners to scale and grow their business. The company was founded in 2020 and is based in Lagos, Nigeria.

ORDA

Seed Round in 2021
ORDA is a cloud-based restaurant operating system built for African chefs and food business owners. ORDA's ePos, integrations, and lending solutions enable Africa’s millions of food business owners to scale and grow their business. The company was founded in 2020 and is based in Lagos, Nigeria.

Shyft Power Solutions

Seed Round in 2021
SHYFT builds industrial-grade IoT and integrated software to connect and intelligently manage distributed energy resources (DERs) in markets that struggle with resiliency. SHYFT is pioneering the development of integrated decentralized power systems in emerging markets like Nigeria, leapfrogging over traditional central infrastructure and enabling DERs to scale and support existing but unreliable grids.

Paps

Seed Round in 2021
Paps is a transport and logistics company based in Dakar, Senegal, founded in 2016. It provides innovative distribution and delivery solutions tailored for companies and merchants. The company's e-commerce platform facilitates real-time scheduling and tracking of deliveries, enhancing the logistics process. Paps specializes in the distribution of documents and parcels, secure storage of goods, and insured delivery options, including last-mile and relay point services. Additionally, it offers professional services such as cash-on-delivery management, courier provision, returns management, and periodic reporting. The company’s on-demand logistics application features live tracking, an intelligent address system, and automatic dispatch, ensuring clients benefit from timely shipment movements.

TalentQL

Pre Seed Round in 2020
TalentQL is a company based in Ile-Ife, Nigeria, that specializes in hiring, developing, and managing remote talent for organizations worldwide. Founded in 2020, the company provides a talent outsourcing platform that simplifies the process of acquiring and overseeing engineering talent for foreign companies. TalentQL not only facilitates access to a dedicated workspace for remote developers but also offers the option for clients to provide accommodation. By taking on the responsibilities of recruitment and team setup, TalentQL allows organizations to concentrate on their core business activities while efficiently managing their remote workforce.

SOTE

Seed Round in 2020
Sote, Inc. is a technology company specializing in the logistics sector, focusing on digital customs clearing and freight forwarding solutions. Established in 2017 and headquartered in San Francisco, California, with an additional office in Nairobi, Kenya, Sote provides a platform that allows industrial cargo owners to efficiently manage freight clearing and forwarding processes. The platform includes a comprehensive dashboard that tracks shipment status, payment history, and estimated container arrival times, streamlining communication among all parties involved in logistics. Additionally, Sote is dedicated to enhancing trade finance in Africa by leveraging proprietary trade data to enable banks and financial institutions to lend to corporations and SMEs without traditional collateral requirements. By bridging the trade finance gap and offering reliable credit and risk management solutions, Sote aims to empower African businesses and facilitate growth in the continent's trade landscape.

Startchy

Series A in 2020
Startchy is a company based in Beirut, Lebanon, with an additional office in Chicago, Illinois, that specializes in manufacturing natural edible coating solutions aimed at extending the shelf life of fruits and vegetables. Founded in 2017, Startchy has developed a novel, organic coating synthesized from starch-based bioplastics. This innovative solution not only doubles the shelf life of fresh produce but also helps preserve color, reduce respiration, and minimize transpiration rates in temperature-controlled environments. By providing a natural, harmless, and flavorless alternative to traditional wax and plastic methods, Startchy enables resellers and exporters of fruits and vegetables to maintain product quality and freshness more effectively.

Eden Life

Seed Round in 2020
Eden Life, Inc. is a technology-enabled service provider based in Lagos, Nigeria, that specializes in housekeeping and related services for busy individuals. The company simplifies household management by offering a variety of services, including laundry, meal preparation, cleaning, equipment maintenance, and beauty services. Eden Life operates through an online platform and a mobile application, allowing users to conveniently book and access these services. Additionally, the company creates a diverse marketplace by partnering with various vendors, ensuring that customers can meet their household needs efficiently in both Nigeria and Kenya.

Chefaa

Series A in 2020
Chefaa is a Cairo-based company founded in 2017 that operates a smart medicine application designed to streamline the process of ordering medications from local pharmacies. This GPS-enabled platform not only allows users to order medicine online but also provides features such as medication reminders, enhancing patient adherence to treatment plans. By leveraging artificial intelligence and a data-driven approach, Chefaa aims to improve the management of chronic illnesses while facilitating better accessibility and affordability for patients. The company focuses on connecting patients with pharmacies across Egypt, ensuring a comprehensive and patient-centric approach to pharmacy needs, thereby minimizing waiting times and effort involved in obtaining medications.

Bypa-ss

Seed Round in 2020
Bypa-ss is a health-tech startup based in Egypt focused on digitizing health information exchange to improve the quality of care for patients and healthcare providers. Its primary product, HealthTag, serves as a comprehensive platform for individuals, physicians, pharmacies, laboratories, and radiology centers. By facilitating the sharing of healthcare experiences, feedback, and knowledge, the platform empowers patients to make informed decisions about their medical care. Through this innovative approach, Bypa-ss aims to enhance communication and collaboration within the healthcare ecosystem, ultimately leading to better health outcomes.

Thndr

Pre Seed Round in 2019
Thndr is a financial services company based in Cairo, Egypt, that operates an app-based investment platform designed to facilitate commission-free trading for investors. Established in 2020 by Seif Amr, Thndr offers features such as no account minimums, easy account setup, and streamlined funding processes. The platform provides users with access to real-time market data and the latest financial news, along with educational tools to enhance their investment experience. By eliminating traditional barriers to entry in investing, Thndr aims to empower individuals to make informed financial decisions.

Chefaa

Seed Round in 2019
Chefaa is a Cairo-based company founded in 2017 that operates a smart medicine application designed to streamline the process of ordering medications from local pharmacies. This GPS-enabled platform not only allows users to order medicine online but also provides features such as medication reminders, enhancing patient adherence to treatment plans. By leveraging artificial intelligence and a data-driven approach, Chefaa aims to improve the management of chronic illnesses while facilitating better accessibility and affordability for patients. The company focuses on connecting patients with pharmacies across Egypt, ensuring a comprehensive and patient-centric approach to pharmacy needs, thereby minimizing waiting times and effort involved in obtaining medications.

Ilara Health

Seed Round in 2019
Ilara Health, founded in 2018 and headquartered in Nairobi, Kenya, focuses on enhancing healthcare access in rural Africa by developing and distributing AI-powered diagnostic devices. These compact devices are designed for primary care doctors in peri-urban and rural clinics, providing accurate and affordable diagnostic services. Ilara Health integrates its technology within a proprietary platform that connects to an electronic medical record system, allowing healthcare providers to efficiently record and manage patient data. By leveraging existing healthcare infrastructure, Ilara Health aims to improve the accessibility and affordability of diagnostic services in underserved regions.

TORA Africa

Pre Seed Round in 2019
TORA Africa is an academy based in Lagos, Nigeria, that specializes in the recruitment, training, verification, insurance, and provision of background-checked drivers for various types of vehicles. Founded in 2019, the company caters to both individuals and businesses, ensuring that all drivers meet stringent safety and reliability standards. In addition to its recruitment and training services, TORA Africa operates a driver platform to facilitate connections between drivers and clients.

Indicina

Pre Seed Round in 2018
Indicina is a digital lending platform that provides analytics-driven credit decisions for lenders. The company offers technology solutions to help businesses in offering credit to customers faster, more securely, and at scale. It was founded in 2018 and is based in Lagos, Nigeria.

Printivo

Seed Round in 2017
Printivo.com is disrupting the Nigerian printing industry through its efficient printing expertise, wide range of design templates and the reach of the internet. Printivo is an online print provider that provides its customers with free templates created by designers across Nigeria. Printivo aims to help Nigeria business print marketing and business materials with ease.

Tagaddod

Tagaddod is a renewable energy and waste management company based in Giza, Egypt, founded in February 2013. The company specializes in the production of biodiesel from waste vegetable oils, offering a sustainable alternative to traditional petroleum diesel. By converting waste into clean fuels, Tagaddod aims to empower communities and businesses to create sustainable impacts while reducing environmental pollution. The firm focuses on developing clean energy solutions that align with its commitment to promoting renewable resources and fostering an eco-friendly approach to energy consumption.
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