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 COMESA

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.

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.

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.

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.

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.

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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