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 and Partner

Past deals in COMESA

Elevate Pay

Pre Seed Round in 2022
Elevate Pay is a financial technology company that specializes in providing digital banking services and products. The company has developed a digital banking application that allows users to open bank accounts online and access fee-free accounts in both local currency and US dollars. Additionally, Elevate Pay offers free remittance services, enabling users to receive international transfers from various countries without incurring fees. The company also issues a free USD Mastercard, facilitating seamless transactions. Through these offerings, Elevate Pay aims to deliver regulated banking services that are innovative, fair, and accessible, ultimately enhancing the financial well-being of its consumers.

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 redefines the shipping experience by offering 24-hour delivery along with live tracking capabilities. Utilizing artificial intelligence and machine learning, ShipBlu enhances shipping transparency and compliance, allowing its clients to efficiently deliver products to their customers. The platform focuses on optimizing warehousing and fulfillment services, thereby streamlining the logistics process for e-commerce businesses.

Union54

Seed Round in 2021
Union54 is a debit card issuing API that facilitates the issuance of debit cards for fintech companies and corporates without the need for a bank or credit card processor. Founded in 2020 and based in Lusaka, Zambia, the company provides essential services such as BIN sponsorship, transaction processing, and settlement. This allows software companies to seamlessly integrate debit card services into their offerings. In addition to its core services, Union54 is involved in the development of secure messaging and instant payment systems, providing tools for both civilian and government use. Its software solutions include a messaging application with an integrated wallet and an API for creating chat applications, enabling clients to securely communicate and manage payments.

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 operates an asset-light model that digitizes the delivery process, allowing for comprehensive planning and execution. The company monitors logistics activities to enhance efficiency and drive sales growth for its clients. By connecting FMCG companies with a diverse network of trucks, ILLA provides a dynamic solution that addresses the complexities of delivering products to various retail and non-retail outlets. This approach ensures full control and visibility over the logistics process, enabling clients to navigate daily market challenges effectively.

Eden Life

Seed Round in 2021
Eden Life Inc., based in Lagos, Nigeria, specializes in tech-enabled housekeeping services for professionals. Through its online platform and mobile application, the company offers a range of services including laundry, meal preparation, house cleaning, equipment maintenance, and meal delivery. By aggregating vendors offering diverse services, Eden Life enables clients to efficiently manage their household chores.

Elevate Pay

Pre Seed Round in 2021
Elevate Pay is a financial technology company that specializes in providing digital banking services and products. The company has developed a digital banking application that allows users to open bank accounts online and access fee-free accounts in both local currency and US dollars. Additionally, Elevate Pay offers free remittance services, enabling users to receive international transfers from various countries without incurring fees. The company also issues a free USD Mastercard, facilitating seamless transactions. Through these offerings, Elevate Pay aims to deliver regulated banking services that are innovative, fair, and accessible, ultimately enhancing the financial well-being of its consumers.

Sote

Seed Round in 2020
Sote, Inc. is a technology company based in San Francisco, California, with an additional office in Nairobi, Kenya. Incorporated in 2017, Sote develops a digital customs clearing and freight forwarding platform tailored for the logistics industry. Its software provides a comprehensive workflow tool that allows industrial cargo owners to manage freight clearing and forwarding processes efficiently. The platform features a dashboard that enables users to track shipment status, payment history, and estimated arrival times for containers, facilitating better coordination among all parties involved in logistics. Additionally, Sote is committed to empowering African businesses by leveraging proprietary trade data to address the trade finance gap in the region. By offering reliable credit, risk management, underwriting, and business intelligence, Sote aims to transform the landscape of trade finance and logistics in Africa.

Eden Life

Seed Round in 2020
Eden Life Inc., based in Lagos, Nigeria, specializes in tech-enabled housekeeping services for professionals. Through its online platform and mobile application, the company offers a range of services including laundry, meal preparation, house cleaning, equipment maintenance, and meal delivery. By aggregating vendors offering diverse services, Eden Life enables clients to efficiently manage their household chores.

Chefaa

Series A in 2020
Chefaa, founded in 2017 and based in Cairo, Egypt, operates a smart medicine system application that connects patients with local pharmacies. The platform enables users to order medications online, schedule their pharmacy needs, and set reminders for their prescriptions. Utilizing artificial intelligence and GPS technology, Chefaa aims to improve chronic illness management through a patient-centric approach, enhancing accessibility and affordability for consumers. By digitizing pharmacy services, the application facilitates efficient medicine delivery, significantly reducing waiting times and effort for patients in managing their healthcare needs.

Bypa-ss

Seed Round in 2020
Bypa-ss is a health-tech startup based in Egypt focused on digitizing health information exchange to enhance the quality of care for both healthcare providers and patients. The company's primary offering, HealthTag, is a versatile platform that connects individuals, physicians, pharmacies, laboratories, and radiology centers, facilitating better communication and interaction between all parties involved in healthcare. By enabling patients to share their experiences and feedback about medical facilities and professionals, Bypa-ss empowers users to make informed decisions regarding their healthcare options. This innovative approach aims to streamline healthcare processes and improve overall patient outcomes in the region.

Thndr

Pre Seed Round in 2019
Thndr is a financial services company established in 2020 by Seif Amr in Cairo, Egypt. It operates an app-based investment platform designed to facilitate commission-free trading for investors. The platform offers a range of features, including no account minimums, real-time market data, and easy account setup and funding processes. Users can also access the latest financial news and educational tools, empowering them to make informed investment decisions. Thndr aims to simplify the investing process and enhance financial literacy among its users.

Chefaa

Seed Round in 2019
Chefaa, founded in 2017 and based in Cairo, Egypt, operates a smart medicine system application that connects patients with local pharmacies. The platform enables users to order medications online, schedule their pharmacy needs, and set reminders for their prescriptions. Utilizing artificial intelligence and GPS technology, Chefaa aims to improve chronic illness management through a patient-centric approach, enhancing accessibility and affordability for consumers. By digitizing pharmacy services, the application facilitates efficient medicine delivery, significantly reducing waiting times and effort for patients in managing their healthcare needs.

Ilara Health

Seed Round in 2019
Ilara Health is a company based in Nairobi, Kenya, founded in 2018, that specializes in the development and distribution of AI-powered diagnostic devices aimed at primary care doctors in peri-urban and rural clinics. The company's innovative technology platform integrates miniature diagnostic devices with software that connects to an electronic medical record system, allowing healthcare providers to efficiently manage patient data. By focusing on accurate and affordable diagnostics, Ilara Health seeks to enhance healthcare accessibility and quality for rural populations in Africa, addressing the challenges posed by a fragmented healthcare infrastructure.

Tagaddod

Tagaddod is a renewable energy and waste management company based in Giza, Egypt, founded in 2013. The company specializes in producing bio-diesel from waste vegetable oil, offering a sustainable alternative to conventional petroleum diesel. By converting waste materials into clean fuels, Tagaddod aims to empower communities and businesses to create a positive environmental impact while addressing energy needs. Through its focus on renewable energy and waste management, Tagaddod contributes to reducing pollution and promoting sustainability in the region.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.