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.
Past deals in Senegal
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 for businesses and merchants through its e-commerce platform, which allows real-time scheduling and tracking of deliveries. Paps specializes in the transportation of documents and parcels, secure storage, and the insured delivery of packages either to relay points or through last-mile services. The company’s logistics application features live tracking, an intelligent address system, and automatic dispatch, ensuring a fully digitalized postal logistics service that facilitates timely movement of shipments. Additionally, Paps offers professional services, including cash on delivery management, courier provision, return management, collection, and periodic reporting, catering to a wide range of logistical needs.
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 for businesses and merchants through its e-commerce platform, which allows real-time scheduling and tracking of deliveries. Paps specializes in the transportation of documents and parcels, secure storage, and the insured delivery of packages either to relay points or through last-mile services. The company’s logistics application features live tracking, an intelligent address system, and automatic dispatch, ensuring a fully digitalized postal logistics service that facilitates timely movement of shipments. Additionally, Paps offers professional services, including cash on delivery management, courier provision, return management, collection, and periodic reporting, catering to a wide range of logistical needs.
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