LoftyInc Capital Management

LoftyInc Capital Management is a venture capital firm established in 2017 and based in Lagos, Nigeria. The firm focuses on early-stage investments in technology-driven companies across various sectors in Africa, including information technology, healthcare, media, logistics, fintech, and e-commerce. It emphasizes high-quality, impact-focused investments by collaborating with world-class teams of local and returning Africans who utilize technological innovations to address critical challenges on the continent. LoftyInc Capital Management is associated with LoftyInc Allied Partners, a socially responsible group that has been active in developing enterprise ecosystems in Africa and the United States since 2009, encompassing accelerators, consultancies, angel networks, tech hub associations, and diaspora networks. The firm typically invests between USD 0.05 and 1.0 million in its portfolio companies.

Julius Aroba

Investment Associate

Oluseye Bassir

Partner

Idris Ayodeji Bello

Founding Partner and Portfolio Manager

Nick Cellura

Venture Partner

Lydia Idem

COO

Mariam Kamel

General Partner

Michael Oluwagbemi

Founding Partner

Kevin Simmons

General Partner

Marsha Wulff

Co-Founder

100 past transactions

Youverify

Seed Round in 2022
Youverify Inc. is a company based in Lewes, Delaware, founded in 2017, that specializes in identity verification and background screening. The company offers a platform that confirms users' identity documents and facial biometrics, cross-referencing this data with over 300 local and global databases. Additionally, Youverify assists businesses and individuals in verifying physical addresses across Sub-Saharan Africa through a network of more than 20,000 field verification officers, achieving results in less than 48 hours. By providing a comprehensive API for identity and address verification, Youverify addresses the needs of the digital industry in Africa, enhancing security with features such as identity fraud detection and encrypted data privacy.

FoondaMate

Seed Round in 2022
FoondaMate is a chatbot that makes education accessible to students in developing countries using Facebook and WhatsApp.
Tech Chain Software's ResQ TRX is a fourth-party logistics (4PL) solution provider focused on enhancing the efficiency of third-party logistics (3PL) clients by maximizing asset uptime and managing risk-related expenses. The platform connects logistics companies, drivers, and dispatchers with mobile mechanics to address breakdowns promptly, facilitating seamless logistics operations. By leveraging automation, software, and artificial intelligence, ResQ TRX streamlines service departments, allowing clients to reallocate capital toward other activities while maintaining high safety standards and minimizing downtime. Additionally, the company offers short-term financing to support clients' cash flow related to service expenses. ResQ TRX distinguishes itself through its extensive network and partnerships with leading software and hardware providers, contributing to advancements in the transportation industry.

Aladdin

Seed Round in 2022
Developer of a digital banking application intended to provide the tools needed to save, borrow, and make payments. The company's application connects users with verified buyers and sellers, while also providing information on products with considerable turnover and profit, enabling clients to have access to an application that offers safe and secure financial transactions between the customers and the marketplace.

Norebase

Pre Seed Round in 2022
Norebase is a company that focuses on facilitating business growth in Africa by leveraging technology to navigate the region's complexities. It offers intellectual property services designed to support companies in scaling their operations across the continent. Norebase simplifies the process of setting up and registering trademarks, allowing clients to upload the required documents and obtain a registered company along with a tax identification number efficiently. By minimizing risks and streamlining administrative tasks, Norebase aims to make it easier for businesses to establish themselves and expand globally in the African market.

Omnibiz

Seed Round in 2022
Omnibiz is a digital platform for small businesses willing to attract new customers.

Kwely

Seed Round in 2022
Kwely is a dynamic and fast-growing startup. We are always looking for passionate, dynamic, fun and hard-working individuals to join our team.

Pylon

Seed Round in 2022
Pylon offers an infrastructure management platform specifically designed for water and electricity distribution companies in emerging markets. The platform addresses various utility management challenges by providing comprehensive technology that focuses on loss reduction, load management, and revenue collection. By utilizing Pylon's solutions, utility companies can enhance their operational efficiency, reduce costs, and improve customer service, ultimately facilitating better management of their customers and infrastructure.

Jem

Seed Round in 2022
SmartWage Pty Ltd. is a financial technology company based in Johannesburg, South Africa, that provides innovative payday solutions aimed at enhancing financial wellness for employees. Founded in 2019, SmartWage offers services that allow employees to track their earnings and access their earned salaries on demand. The company also provides salary-packaging administration services to both employers and employees, making it one of the most affordable and accessible options in the South African market. Through its offerings, SmartWage seeks to improve the overall financial well-being of individuals by enabling timely access to earned wages.

Otida

Pre Seed Round in 2022
Otida is a health-focused business that operates under the brand Instadiet, which is designed to help individuals manage their blood sugar levels naturally, without the need for medication or surgery. The service addresses common dietary challenges by connecting users with qualified dietitians, nutritionists, and health coaches. Instadiet not only aims to lower blood sugar levels but also seeks to reduce the risk of heart disease, promote weight loss, and minimize the need for medications. Through personalized guidance and support, Otida strives to empower users to achieve their health goals effectively.

Yemaachi Biotechnology

Seed Round in 2022
Yemaachi Biotechnology uses cutting-edge immunogenomics, bioinformatics, and artificial intelligence to accelerate the development of cancer detection and cure strategies for lowering the economic burden of cancer.

Rocket Health Africa

Series A in 2022
Rocket Health is a bundled service of The Medical Concierge Group, a licensed and registered clinic, laboratory, and pharmacy. Rocket Health offers telemedicine healthcare services such as doctor consultations, laboratory sample pickups, and medicine delivery.

Sudo

Pre Seed Round in 2022
Sudo is an API platform that allows developers to issue physical and virtual cards at scale with greater control and flexibility. The company was founded in 2020 and is based in Barnawa, Kaduna.

MoneyHash

Pre Seed Round in 2022
MoneyHash operates a payment orchestration platform that simplifies payment processes for businesses in the Middle East and Africa. Through a unified API, it offers seamless integration of pay-in and pay-out rails, allowing customers to customize their checkout experience. The platform includes advanced transaction routing capabilities designed to optimize fraud detection and reduce failure rates. Additionally, MoneyHash provides a centralized reporting hub that enables users to monitor transactions effectively. This comprehensive solution helps businesses enhance their success rates, accept various payment methods, and streamline their financial operations.

Nawah Scientific

Series A in 2022
Nawah Scientific, founded in 2015 and based in Cairo, Egypt, specializes in providing scientific research services focused on natural and medical sciences. The company offers a range of analytical services, including chromatographic analysis, bioassays, spectrophotometry, and phytochemical services. Additionally, Nawah allows users to book access to advanced scientific equipment, such as dissolution testers and spectrophotometers. Their online platform facilitates the submission of experiment requests, enabling scientists to conduct research efficiently, irrespective of their laboratory capabilities. Nawah also provides training courses in specialized areas like High Performance Liquid Chromatography (HPLC) and nano drug delivery systems. The company serves a diverse clientele, including universities, corporations, and small to medium-sized enterprises, and has successfully analyzed over 10,000 samples for various institutions in the MENA region, Malaysia, the UK, and Switzerland.

Nestcoin

Pre Seed Round in 2022
Nestcoin is a web3 application company that specializes in developing, operating, and investing in cryptocurrency-focused products. The company's offerings include investment software that enables investors to create and engage with crypto-native products. Nestcoin's portfolio spans various sectors, including decentralized finance, media, digital art, and gaming, providing clients in the cryptocurrency market with access to tailored investment opportunities. Through its innovative solutions, Nestcoin aims to facilitate the growth and accessibility of the crypto ecosystem for a diverse range of users.

Bamboo

Series A in 2022
Bamboo is a digital investment platform based in Lagos, Nigeria, that allows users to buy, hold, or sell stocks listed on the United States and Nigerian stock markets. The platform offers real-time access to stock trading through a mobile application and web interface, making it convenient for users to manage their investments from various devices. By focusing on user-friendly technology, Bamboo aims to simplify the investment process for individuals looking to participate in global financial markets.

Paps

Seed Round in 2022
Developer of an on-demand logistics application designed to facilitate the transportation of shipments across places. The company's logistics platform offers live tracking, an intelligent address system, and automatic dispatch to offer a fully digitalized postal logistics service, enabling clients to avail of timely movement of shipments.

Verofax

Seed Round in 2022
Traceability as a service for Pharmaceuticals, valuables and Food. Improve trust through eradicating counterfeit, tampering or inventory diversion. Solution includes last mile safe delivery.

Gahez

Pre Seed Round in 2022
Gahez Market is an e-commerce company that focuses on providing wholesale services to local shops and merchants. It operates a B2B marketplace platform that connects traders with a wide variety of clothing and footwear products at competitive prices. By acting as an intermediary, Gahez facilitates the delivery of these goods, allowing merchants to improve their profit margins and reach new customer segments. The platform is supported by electronic content and a mobile application, making it easier for retailers to access and manage their wholesale purchases effectively.

Tazah Technologies

Seed Round in 2021
Tazah Technologies operates an agricultural marketplace aimed at connecting farmers with businesses in Pakistan. The company focuses on creating a technology-enabled operating system for the food and agriculture supply chain, enhancing efficiency and transparency. By offering standardized quality and transparent pricing, Tazah facilitates mobile application orders, making it easier for businesses to engage with producers. This approach not only improves the overall functionality of the agricultural value chain but also seeks to enhance the lives of producers, businesses, and consumers alike.

Koniku

Series A in 2021
Koniku is the world's first Neurocomputation company. We start with a premise that the human brain is the most powerful computer ever devised. We show that capturing that computational power is an engineering problem. Koniku proceeds to meet that challenge with clear solutions. We have built a neurochip with actual biological neurons. This chip is capable of sensing particles in parts per trillion using only 64 neurons. Such sensitivity is unprecedented. Its our intention to expand on the number neurons we have on our device just like traditional silicon processors. Eventually we will have millions of neurons per chip. Only with such a device is true cognitive computation possible - AI. We are shipping our fist devices at the end of the year. Koniku is also working on developing COVID-sniffing robots as a fast testing alternative.

Wowzi

Seed Round in 2021
Wowzi is an online marketplace that focuses on automating influencer marketing workflows, connecting brands with everyday social media users, particularly nano and micro influencers. The platform allows brands to outline marketing campaigns by specifying timing, channels, budgets, and selecting influencers based on demographic factors such as geography, income, gender, and interests. This approach enables small and medium enterprises, multinational corporations, creative agencies, research companies, and non-governmental organizations to effectively disseminate brand messages while gathering valuable consumer insights. By democratizing influence, Wowzi empowers users to monetize their social media presence, contributing to the evolving landscape of African commerce.

Flex Finance

Pre Seed Round in 2021
Flex Finance offers a mobile platform designed for small and medium-sized enterprises (SMEs) to manage and track their expenses effectively. The platform features an intuitive user interface, allowing users with little to no financial knowledge to navigate it easily. Through built-in artificial intelligence, Flex Finance provides valuable insights that help business owners reduce waste, save money, and make informed spending decisions. The company aims to support SMEs in overcoming common challenges, particularly in their formative years, thereby contributing to job creation and economic stability in Nigeria. By digitizing daily operations, including budgeting, expense tracking, and facilitating bulk payment transfers, Flex Finance empowers businesses to streamline their financial management processes.

Treepz

Seed Round in 2021
Plentywaka is a premium public mass transit app that allows commuters to request pickups from their desired bus stops and get real-time information about their journey. Users can plan their journey through the app, get live updates of their buses and ride in safe, convenient and efficient a/c buses across different cities in Nigeria without having to worry about surge pricing.

Craydel

Pre Seed Round in 2021
Craydel is transforming the way students and working professionals in Africa discover, compare and apply to higher education. Our online platform has thousands of quality undergraduate, postgraduate and vocational programs offering degrees, diplomas and degrees, certificates from leading universities and colleges in 15 countries around the world. Many of these programs are even available online from the comfort of your home.Craydel makes it easy for you to compare and select the programs and institutions that best fit your career goals, personality, grades and budget.

Sabi

Convertible Note in 2021
Sabi is a B2B network designed to enhance commerce within the informal trade sector. It aims to accelerate the flow of transactions by facilitating connections among stakeholders. The company offers a comprehensive e-commerce logistics infrastructure that serves both micro and small enterprises. Sabi's platform includes features such as digital ledgers for cash management, interfaces for wholesale business-to-business transactions, group buying options, and logistical support. These services are tailored to help merchants access essential tools, reach new customers, improve cash flow, and streamline their logistics processes. Through its innovative approach, Sabi enables businesses to thrive in a competitive marketplace.

ShipBlu

Seed Round in 2021
ShipBlu is a delivery services platform based in Egypt that is transforming the e-commerce shipping and fulfillment landscape. The company offers comprehensive warehousing and fulfillment services, leveraging artificial intelligence and machine learning technologies to enhance efficiency. By providing shipping transparency and ensuring compliance, ShipBlu enables clients to streamline the delivery of products to their customers, making the process easier and more effective.

Union54

Seed Round in 2021
Union54 is a debit card issuing API designed for fintech companies and corporates, enabling them to issue debit cards to their customers without relying on traditional banks or credit card processors. The company provides essential services such as BIN sponsorship, transaction processing, and settlement, streamlining the card issuance process. In addition to its card issuing capabilities, Union54 also offers secure messaging and payment systems aimed at both civilian and government use. Its software includes an integrated wallet and an API for developing secure chat applications, allowing clients to create applications that facilitate secure communication and transactions. This dual focus on payment solutions and secure messaging positions Union54 as a versatile player in the financial technology landscape.

ILLA

Seed Round in 2021
ILLA is a logistics company based in El Dokki, Egypt, specializing in the middle mile delivery of fast-moving consumer goods (FMCG). Founded in 2017, ILLA provides a range of trucking services tailored for both modern and traditional trade. The company employs an asset-light model, leveraging a network of trucks with various capacities to optimize the delivery process. By digitizing each step, ILLA enhances visibility and control over logistics activities, enabling clients to navigate market challenges effectively. Its platform is designed to streamline the fulfillment and delivery processes, ultimately driving sales growth for FMCG companies by offering customized and efficient logistics solutions.

Nawah Scientific

Seed Round in 2021
Nawah Scientific, founded in 2015 and based in Cairo, Egypt, specializes in providing scientific research services focused on natural and medical sciences. The company offers a range of analytical services, including chromatographic analysis, bioassays, spectrophotometry, and phytochemical services. Additionally, Nawah allows users to book access to advanced scientific equipment, such as dissolution testers and spectrophotometers. Their online platform facilitates the submission of experiment requests, enabling scientists to conduct research efficiently, irrespective of their laboratory capabilities. Nawah also provides training courses in specialized areas like High Performance Liquid Chromatography (HPLC) and nano drug delivery systems. The company serves a diverse clientele, including universities, corporations, and small to medium-sized enterprises, and has successfully analyzed over 10,000 samples for various institutions in the MENA region, Malaysia, the UK, and Switzerland.

Eden Life

Seed Round in 2021
Eden Life, Inc. engages in providing housekeeping services for businesspersons. It offers laundry, meals, house cleaning, equipment maintenance, meal delivery, etc. The company operates an online platform and an application to book the services. The company is based in Lagos, Nigeria.

Payday Global

Pre Seed Round in 2021
Payday Global provides a one-stop fin-tech service for its users allowing them to move money freely globally.

Ejara

Seed Round in 2021
Ejara is an app for Africa and its diasporas to access various investment offers fractional shares, commodities, cryptocurrency, and more.

Bloom

Pre Seed Round in 2021
Developer of web hub designed for exchanging tokens and collectibles, discovering new dApps, and enhancing DeFi portfolio management. The company's platform provides a social feed where users receive new web three recommendations by connecting with friends and following influencers, enabling users with additional functionality to the wallet including microtransactions, transaction expiration times, native tokens, and NFTs.

Dash

Venture Round in 2021
Spektra is building APIs and tools that make it possible for businesses to accept and disburse Mobile Money payments from and to multiple providers and currencies within minutes, NOT months, without dealing with Mobile Network operators at all. With a few lines of code, a single tap or click, your customers can pay you with our seamless and easy to use products on the web, mobile, and in-app.

Jatri

Seed Round in 2021
Jatri is a Dhaka-based company founded in 2019 that has developed an application software for bus ticket booking and tracking. As the first app-based intra city public transport platform in Bangladesh, Jatri aims to enhance mobility solutions for commuters by promoting a shift from private vehicle ownership to more equitable and accessible public transport options. The platform utilizes a dynamic fleet of buses, leveraging technology to improve the travel experience for urban commuters. By streamlining the journey process, Jatri enables reliable transport services, showcasing the positive impact of the private sector in transforming urban mobility in Dhaka.

Pylon

Seed Round in 2021
Pylon offers an infrastructure management platform specifically designed for water and electricity distribution companies in emerging markets. The platform addresses various utility management challenges by providing comprehensive technology that focuses on loss reduction, load management, and revenue collection. By utilizing Pylon's solutions, utility companies can enhance their operational efficiency, reduce costs, and improve customer service, ultimately facilitating better management of their customers and infrastructure.

Kloud Commerce

Seed Round in 2021
PayPecker is a Business Process & Digital Transformation Infrastructure solutions provider for retailers, restaurants, their suppliers, and their customers. Paypecker’s solution enables retailers of all sizes to super-charge their core internal processes, enabling better and faster service to end-customers, and seamless interaction with relevant supply chain stakeholders. The platform also gives these businesses access to insights that enable growth in internal and third-party working capital.

Yemaachi Biotechnology

Pre Seed Round in 2021
Yemaachi Biotechnology uses cutting-edge immunogenomics, bioinformatics, and artificial intelligence to accelerate the development of cancer detection and cure strategies for lowering the economic burden of cancer.

Odiggo

Seed Round in 2021
Odiggo is an eCommerce platform that connects customers with established car parts & services suppliers all around Egypt. We're here to make car parts & services as simple as buying a t-shirt online, with a few clicks we can help people find their car parts and get them delivered to their service centers or their homes.

CashBackApp

Pre Seed Round in 2021
CashBackApp is a financial technology company that focuses on enhancing customer loyalty for fast-moving consumer goods (FMCG) companies. The platform enables consumers to earn cashback through M-Pesa on their everyday purchases from participating brands and retailers. By partnering with FMCG companies, CashBackApp allows these businesses to quickly implement and manage promotional offers at scale, effectively incentivizing shoppers to purchase products featured on the app. This approach not only fosters customer loyalty but also drives sales through mobile channels, providing a cost-effective solution for retailers looking to engage consumers.

Omnibiz

Seed Round in 2021
Omnibiz is a digital platform for small businesses willing to attract new customers.

Akiba Digital

Pre Seed Round in 2021
Akiba Digital is a financial data aggregation company, that houses a data consolidation and enrichment engine that clusters, visualises and predicts consumer behaviour. Our vision is to build a company that is most effective at understanding and enhancing personal financial management for the African consumer.

Archipelo

Seed Round in 2021
Archipelo develops an intelligent code discovery engine for software developers. Archipelo is the San Francisco, California.

eBanqo

Seed Round in 2021
eBanqo is a customer engagement software-as-a-service (SaaS) provider that enables organizations to automate customer-facing services and enhance issue resolution. The platform allows businesses to extend their services across various digital channels, including webchat, in-app chat, social media, USSD, and SMS, thereby promoting connectivity and efficiency in addressing customer concerns. Utilizing advanced artificial intelligence technology, eBanqo helps businesses deliver personalized interactions consistently across all platforms, fostering customer loyalty and brand affinity. The solution significantly reduces operational costs while offering automated support, self-service options, and multi-channel live chat capabilities. By integrating engagement channels such as web, mobile, and popular messaging apps, eBanqo aims to improve customer satisfaction and retention through quicker issue resolution and increased accessibility.

Tendo

Pre Seed Round in 2021
Tendo is a company that specializes in designing and developing an online platform for reselling ready-to-ship products. Founded in 2019 and based in Accra, Ghana, Tendo sources products from various suppliers and facilitates their delivery to customers of independent resellers. The platform allows users to add their profit margin to the products, list them at wholesale prices, and leverage social media for marketing, all without the need for upfront capital investment or the logistical challenges of transporting goods. This enables small businesses to engage in digital e-commerce by connecting with individuals for independent reselling opportunities.

Terragon

Venture Round in 2021
Terragon Group is a digital media business focused on Africa. Within the digital ecosystem, Terragon Group understands the interplay between content and platform and has business verticals that deliver on components of the digital world. Terragon Group operates across key markets in Africa namely; Nigeria, Ghana, South Africa and Kenya, as well as India. The Group is made up of three independent but complimentary business units that focus on different aspect of the digital media sphere; Terragon Limited (TL): Access and Aggregationl; Twinpine Limited: Mobile Advertising; and Terragon Media Limited (TML): Digital Agency.

MoneyHash

Pre Seed Round in 2021
MoneyHash operates a payment orchestration platform that simplifies payment processes for businesses in the Middle East and Africa. Through a unified API, it offers seamless integration of pay-in and pay-out rails, allowing customers to customize their checkout experience. The platform includes advanced transaction routing capabilities designed to optimize fraud detection and reduce failure rates. Additionally, MoneyHash provides a centralized reporting hub that enables users to monitor transactions effectively. This comprehensive solution helps businesses enhance their success rates, accept various payment methods, and streamline their financial operations.

Metalex Commodities

Seed Round in 2021
Metalex Commodities is a commodity trading company that specializes in the export of metal ores and concentrates. The company was founded in 2020 and is headquartered in Houston, Texas.

AlumUnite

Seed Round in 2021
AlumUnite is a for-profit social enterprise that operates a cloud-based platform designed to connect individuals across Africa through their alumni networks. By leveraging the strong community ties inherent in the African context, the platform facilitates collaboration among alumni of African institutions with global affiliations. AlumUnite enables users to share achievements, interests, projects, and photos, fostering a sense of community and promoting social impact. The initiative aims to create sustainable benefits for both alumni and their alma maters, as well as for local communities, through collective engagement and resource sharing.

Kloud Commerce

Seed Round in 2021
PayPecker is a Business Process & Digital Transformation Infrastructure solutions provider for retailers, restaurants, their suppliers, and their customers. Paypecker’s solution enables retailers of all sizes to super-charge their core internal processes, enabling better and faster service to end-customers, and seamless interaction with relevant supply chain stakeholders. The platform also gives these businesses access to insights that enable growth in internal and third-party working capital.

ORDA

Pre Seed Round in 2021
Star Kitchens provides digital solutions to African food merchants enabling them to scale their business. It is building the future of food commerce by developing software with a full-stack approach. Star Kitchens is led by an experienced team with scale-up experience at leading African companies such as Jumia, IrokoTV, Konga, and Lambert. The company was founded in 2020 and is based in Lagos, Nigeria.

Appetito

Seed Round in 2021
Appetito operates an online grocery delivery platform that specializes in providing customers with daily fresh baked products, groceries, and a diverse range of savory and sweet snacks. The company's service allows consumers to conveniently order essential food items and have them delivered directly to their doorstep, enhancing the accessibility and variety of food options available to them. By focusing on quality and convenience, Appetito aims to meet the needs of customers seeking fresh and appealing food products.

Rocket Health Africa

Seed Round in 2021
Rocket Health is a bundled service of The Medical Concierge Group, a licensed and registered clinic, laboratory, and pharmacy. Rocket Health offers telemedicine healthcare services such as doctor consultations, laboratory sample pickups, and medicine delivery.

TechAdvance

Seed Round in 2021
TechAdvance is a payment application development firm

Shyft Power Solutions

Seed Round in 2021
SHYFT Power Solutions, Inc. specializes in developing an integrated hardware and software platform that allows users to monitor and manage distributed energy resources (DERs). The company's primary product, Shyft, is a hybrid smart meter and transfer switch that facilitates energy management through Internet of Things (IoT) technology, streamlining the transition between the grid and backup power sources. SHYFT's software application enhances this capability by enabling real-time monitoring and control from mobile devices. The company targets markets facing challenges with energy resiliency, such as Nigeria, by promoting decentralized power systems that bypass traditional infrastructure. Founded in 2007 and based in San Francisco, California, SHYFT Power Solutions aims to improve energy efficiency and reduce costs for various stakeholders, including real estate developers and solar providers.

ANKA

Seed Round in 2021
Afrikrea operates an e-commerce platform that connects buyers with African designers and artisans, offering a wide range of products including clothing, jewelry, art, and accessories. Founded in 2015 and based in Abidjan, Ivory Coast, the platform caters to a global audience, providing options for women, men, children, and homes. Afrikrea's mission is to celebrate and promote African creativity, enabling creators to earn a livelihood while allowing enthusiasts to discover and purchase unique items. The platform facilitates direct transactions between buyers and sellers, ensuring a user-friendly and secure shopping experience.

Blotout

Seed Round in 2021
Developer of a customer data platform intended to reduce data loss, compliance risk, and weak customer relationships in an organization. The company's platform offers analytics, data management, advertisement segmentation, identity management, artificial intelligence, and a machine learning stack that addresses the disappearance of third-party cookies and identifiers, enabling clients to eliminate third-party scripts, and software development kits and reduce vulnerabilities while improving site performance.

Simulon

Pre Seed Round in 2021
Beamm democratises CGI (computer generated imagery) and VFX (visual effects), giving millions of independent content creators the ability the ability to create high quality, photorealistic, VFX for their projects in moments, at low cost and with technical ease At its core, beamm is a video production app. The app and its proprietary algorithm allow users to quickly and easily place their choice of 3D objects into their videos, live or pre-shot, while the app performs all the necessary calculations in the background that produce physically accurate results, so the 3D objects appear to be truly in the scene.

Tagaddod

Seed Round in 2021
Tagaddod is a renewable Energy and Waste Management Egyptian company, started in February 2013 and operating in Cairo –Egypt. Currently focusing on clean fuels, Tagaddod is working on Biodiesel production from Vegetable Oils. Biodiesel is a fuel alternative that is produced from waste vegetable oils and used in conventional diesel engines, which can directly substitute for or extend supplies of traditional petroleum diesel.

Bitnob

Pre Seed Round in 2021
Bitnob is a cryptocurrency exchange that allows users in the African Region to easily buy or sell Bitcoins

oDoc

Seed Round in 2021
oDoc Private Limited is a telemedicine company based in Colombo, Sri Lanka, founded in 2016. It has developed a mobile application that connects users with doctors for video consultations and healthcare services. The app allows users to send pre-consultation notes, conduct video calls, and receive prescriptions directly on their smartphones. Primarily serving businesses, oDoc offers a robust health benefit solution for employers and value-added services for banking, financial services, and insurance providers. As the largest B2B telemedicine company in Sri Lanka, oDoc is expanding its operations into India and boasts a utilization rate significantly higher than that of other competitors. The platform facilitates a comprehensive healthcare journey, enabling users to request in-person consultations, compare doctor profiles, consult anonymously, and access health information, all while maintaining the convenience and safety of remote healthcare delivery.

Asalyxa Bio

Seed Round in 2021
Asalyxa Bio is a drug development and platform technology company focused on novel therapeutics to treat major unmet medical needs caused by the dysregulation of immune signaling. With applications across a wide array of disease areas and conditions, Asalyxa Bio's platform technology enables delivery of existing and novel drugs directly into over-reactive immune cells.

StarNews

Seed Round in 2021
StarNews Mobile is a network of mobile video channels that allows celebrities and brands to monetize their fan bases in Africa. It works with popular local and international stars such as Davido (Nigeria – 12.7M followers), Fally Ipupa (Congo – 3M followers), or Sauti Sol (Kenya – 2.2M followers) to create exclusive and addictive short videos that fans are eager to pay for. It was founded in 2017 and is headquartered in Santa Monica, California.

Treinta

Pre Seed Round in 2021
Treinta is a digital ledger app for Latin American microbusinesses. Through Treinta, users can easily record transactions by assigning products from their inventory and see how their business metrics evolve in real time. The app helps owners save up to 30 minutes a day in bookkeeping related tasks and improve efficiency by over 30%. Out of the 50 million microbusinesses in LATAM, today 90% still track their sales and expenses by using pen and paper.

Wellnest World

Seed Round in 2021
Wellnest World, founded in 2020 and based in Novi, Michigan, is a mobile wellness platform focused on enhancing mental health for students. The company has developed a mobile application that allows users to track their moods and daily habits while documenting negative emotions and mood fluctuations. Utilizing engaging game-like features and speech-to-text technology, the app encourages users to establish a healthy mindfulness routine and equips them with tools to manage stress and negative thoughts effectively. Through its innovative approach, Wellnest aims to support students in improving their overall mental well-being.

Paps

Seed Round in 2021
Developer of an on-demand logistics application designed to facilitate the transportation of shipments across places. The company's logistics platform offers live tracking, an intelligent address system, and automatic dispatch to offer a fully digitalized postal logistics service, enabling clients to avail of timely movement of shipments.

Wally Health

Seed Round in 2020
Wally Health is a personalized, expert-led, and at-home dental care provider. It utilizes technology to create smart, simple dental care clients deserve by offering access to the best dentists, at a clear and affordable price. Stipe Latkovic and Tyler Burnett co-founded Wally Health in Boston, Massachusetts in 2019.

TalentQL

Pre Seed Round in 2020
TalentQL hires, develops, and manages remote talent for companies globally. Its services include talent outsourcing, talent pipeline creation, and remote workforce management. The company was founded in 2020 and is based in Ile-Ife, Nigeria.

Sote

Seed Round in 2020
Sote, Inc. is a company that specializes in developing a digital customs clearing and freight forwarding platform tailored for the logistics industry in Africa. Founded in 2017 and headquartered in San Francisco, with an additional office in Nairobi, Kenya, Sote aims to enhance trade across the continent by providing innovative solutions and services. The platform enables industrial cargo owners to manage freight clearing, track shipment status, access payment history, and estimate container arrival times through a centralized dashboard. As the first licensed provider of digital customs solutions in Africa, Sote focuses on increasing visibility and transparency for importers and exporters, ultimately contributing to the growth of the continent's GDP. The name "Sote," which means "all of us" in Swahili, reflects the company's commitment to fostering collective economic advancement.

Startchy

Series A in 2020
Startchy, founded in 2017 and based in Beirut, Lebanon, with an office in Chicago, Illinois, specializes in manufacturing natural edible coating solutions to extend the shelf life of fruits and vegetables. The company develops a bio-plastic coating made from starch-based materials, designed to replace traditional wax and plastic methods for food preservation. This coating provides a natural, harmless, and flavorless alternative for fruit and vegetable resellers and exporters, helping them maintain the freshness of their products while minimizing reliance on synthetic preservatives.

Mono

Pre Seed Round in 2020
Mono is a financial data infrastructure company based in Nigeria, founded in 2020. It develops an application programming interface (API) platform that enables digital businesses in Africa to access customers' financial and identity data. Mono's services include generating bank statements, verifying account details, initiating payments, and conducting credit checks. The company serves a diverse range of clients, including fintech firms such as Carbon, Flutterwave, Indicina, and Renmoney, as well as various developers. Through its innovative platform, Mono aims to enhance financial accessibility and streamline transactions for businesses across the continent.

Arbe

Series B in 2020
Arbe Robotics Ltd. specializes in developing advanced radar systems designed for small object detection, catering primarily to the automotive industry. Founded in 2015 and headquartered in Tel Aviv, Israel, the company’s flagship product is a High-Resolution Imaging Radar system that provides a comprehensive 4D radar picture, enabling vehicles to perceive their environment under various weather and lighting conditions. Arbe's technology is integral to Advanced Driver Assistance Systems (ADAS) and supports features such as emergency braking and real-time blind spot monitoring, while also paving the way for fully autonomous driving. The company's radar detects a wide range of objects, including vehicles, bicycles, and pedestrians, using proprietary chipsets that ensure high performance at a competitive cost and power consumption. With additional offices in the United States, China, and Japan, Arbe is positioned to impact both automotive and non-automotive sectors globally.

Kyshi

Pre Seed Round in 2020
Kyshi is a fintech company that offers digital banking services. The company was founded in 2021 by Ayo Akindele and is based in London, England.

Eden Life

Seed Round in 2020
Eden Life, Inc. engages in providing housekeeping services for businesspersons. It offers laundry, meals, house cleaning, equipment maintenance, meal delivery, etc. The company operates an online platform and an application to book the services. The company is based in Lagos, Nigeria.

Chefaa

Series A in 2020
Chefaa is a Cairo-based company founded in 2017 that provides a smart medicine system application designed to streamline the process of ordering medications from local pharmacies. The platform allows users to manage their pharmacy needs efficiently by utilizing artificial intelligence and GPS technology. Through the app, patients can order medicines, set reminders for their prescriptions, and schedule deliveries, all aimed at enhancing accessibility and affordability. By connecting patients with nearby pharmacies, Chefaa helps improve patient compliance and reduces waiting times, enabling consumers to receive their medications with minimal effort.

Abwaab

Pre Seed Round in 2020
Abwaab is an online learning platform that allows secondary-school students in MENA to learn at their own pace, test themselves and get ahead with our expert tutors anytime and anywhere. By offering short, engaging video lessons, visualized learning journeys, continuous assessment and performance analytics, we are changing the way students learn outside the classroom.

Youverify

Seed Round in 2020
Youverify Inc. is a company based in Lewes, Delaware, founded in 2017, that specializes in identity verification and background screening. The company offers a platform that confirms users' identity documents and facial biometrics, cross-referencing this data with over 300 local and global databases. Additionally, Youverify assists businesses and individuals in verifying physical addresses across Sub-Saharan Africa through a network of more than 20,000 field verification officers, achieving results in less than 48 hours. By providing a comprehensive API for identity and address verification, Youverify addresses the needs of the digital industry in Africa, enhancing security with features such as identity fraud detection and encrypted data privacy.

Outlaw

Seed Round in 2020
Outlaw is a company for adventurous people, by adventurous people. We live like the products we make: we love campfire, whiskey, and ill-advised explosions... standing a little too close, but being sure to wear fire-proof clothes. Russ and I have built a business around what we find fun and interesting. It’s not for everyone… We get a lot of bruises in the regular course of life. Our hair is usually a mess. I probably have dirty fingernails. But it’s our life, and it’s pretty darn fun. If that sounds fun to you (or someone you know), you’ll probably like our products.

Bypa-ss

Seed Round in 2020
Bypa-ss is digitizing healthcare information exchange between healthcare providers who want to deliver best quality of care to their patients. Connecting care providers and creating a single digital identity for a patient with their all medical data on them all the time dramatically enhance quality of care cutting down time waste, redundant costs and medical errors while providing pool of data for further development of operations, marketing, investments and even medical procedures.

Thndr

Pre Seed Round in 2019
Thndr is a financial services company that operates an app-based investment platform. It comes with 0% commission, no account minimum, access to market data, easy account setup, and funding processes. Users can also get access to the latest news, market data, and other educational tools. Seif Amr established the company in 2020 in Cairo, Al Qahirah, Egypt.

Trella

Pre Seed Round in 2019
Trella is a platform that connects shippers to carriers. Trella offers services and technology to empower drivers, improve their efficiency, boost their earnings and utilization as well as creating job opportunities. Trella aims to reduce costs for shippers, introduce a transparent pricing structure and provide them with a more reliable source of carriers. All the while allowing them to track their shipments in real-time as well as report key insights on their transportation trends and performance.

Chefaa

Seed Round in 2019
Chefaa is a Cairo-based company founded in 2017 that provides a smart medicine system application designed to streamline the process of ordering medications from local pharmacies. The platform allows users to manage their pharmacy needs efficiently by utilizing artificial intelligence and GPS technology. Through the app, patients can order medicines, set reminders for their prescriptions, and schedule deliveries, all aimed at enhancing accessibility and affordability. By connecting patients with nearby pharmacies, Chefaa helps improve patient compliance and reduces waiting times, enabling consumers to receive their medications with minimal effort.

Ilara Health

Seed Round in 2019
Ilara Health, founded in 2018 and headquartered in Nairobi, Kenya, focuses on improving healthcare access in peri-urban and rural areas by providing AI-powered diagnostic devices. The company develops miniature diagnostic tools that integrate with a proprietary technology platform, allowing primary care doctors to deliver accurate and affordable diagnostics. By leveraging existing healthcare infrastructure, Ilara Health enables healthcare providers to record patient data through an electronic medical record system, enhancing the accessibility and reliability of diagnostic services. The company aims to transform primary care in underserved regions by making essential healthcare services more efficient and effective.

ScholarX

Angel Round in 2019
ScholarX Technologies Limited is a Lagos-based company established in 2016 that develops an application software designed to help users identify scholarships that match their criteria. In addition to its scholarship platform, ScholarX also operates an educational platform that offers free learning resources in local African languages. This platform provides various educational materials, quizzes, and certificates to learners, facilitating skill development that enhances independence and earning potential. By focusing on accessible education and financial opportunities, ScholarX aims to empower individuals across Africa.

Bata

Angel Round in 2019
Bata is a global manufacturer and retailer of footwear and accessories, founded in 1894 by Thomas Bata. With over 120 years of experience, the company has established itself as a leader in the design and production of a wide variety of shoes, including formal, casual, sports, and children's categories. Bata is committed to providing comfortable and stylish footwear that meets diverse consumer needs, emphasizing affordability and accessibility. The company's innovative business models enable it to respond swiftly to changing market trends, ensuring that its offerings reflect contemporary style while catering to the preferences of its customers.

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 aims to serve both individuals and businesses by ensuring that its drivers meet high standards of safety and reliability. In addition to its training and recruitment services, TORA Africa operates a driver platform that connects qualified drivers with those in need of transportation services.

Andium

Convertible Note in 2019
Andium Inc. develops and manufactures cloud-based computing devices aimed at real-time data management. The company’s product line includes the Andium Industrial Edge v2.0, which is designed for data monitoring and sensor management specifically in oil and gas applications, the Andium Flow Computer v1.2 for gas volumetric flow computation, and Andium Truck Wi-Fi, a solution that enhances in-vehicle digital communications for fleet connectivity. Founded in 2014 and headquartered in New York, Andium was previously known as Mobile Iris, Inc. before rebranding in June 2016. The company emphasizes bringing advanced computing capabilities to compact, cost-effective hardware, making sophisticated technology more accessible.

Flutterwave

Series A in 2017
Flutterwave provides a payment service for global merchants and payment service providers. It provides technology, infrastructure, and services to enable global merchants, payment service providers, and helps banks and businesses build secure and seamless payment solutions for their customers by smoothening the exchange of funds. The company was founded in 2016 by Iyinoluwa Aboyeji and Olugbenga Agboola and is headquartered in San Francisco, California.

EPUMP

Seed Round in 2017
EPUMP by Africania Computers Ltd is a Decision Support System providing back-office real-time monitoring software for sales and operation of gas station.

Printivo

Seed Round in 2017
Printivo Ltd. is a Nigerian company that offers online printing services tailored for startups and small to medium-sized enterprises. Founded in 2013 and based in Lagos, Printivo provides a diverse array of products, including business cards, banners, flyers, greeting cards, and promotional items such as custom mugs and stickers. The company features an interactive online platform where users can browse and customize hundreds of design templates, allowing them to upload images and insert logos. This service aims to streamline the printing process, making it more efficient and accessible for businesses in Nigeria. By leveraging technology and a wide range of design options, Printivo seeks to enhance the marketing capabilities of its customers and transform the local printing industry.

Flutterwave

Series A in 2017
Flutterwave provides a payment service for global merchants and payment service providers. It provides technology, infrastructure, and services to enable global merchants, payment service providers, and helps banks and businesses build secure and seamless payment solutions for their customers by smoothening the exchange of funds. The company was founded in 2016 by Iyinoluwa Aboyeji and Olugbenga Agboola and is headquartered in San Francisco, California.

RelianceHMO

Seed Round in 2017
RelianceHMO is a technology-driven health insurance company focused on providing affordable and reliable insurance solutions for the average African. The company aims to make health insurance more accessible by integrating telemedicine with data science, which helps streamline the process and reduce costs. Through its innovative approach, RelianceHMO addresses the challenges of the healthcare system in Africa, ensuring that more individuals can gain access to necessary medical services.

RelianceHMO

Seed Round in 2017
RelianceHMO is a technology-driven health insurance company focused on providing affordable and reliable insurance solutions for the average African. The company aims to make health insurance more accessible by integrating telemedicine with data science, which helps streamline the process and reduce costs. Through its innovative approach, RelianceHMO addresses the challenges of the healthcare system in Africa, ensuring that more individuals can gain access to necessary medical services.

Flutterwave

Seed Round in 2016
Flutterwave provides a payment service for global merchants and payment service providers. It provides technology, infrastructure, and services to enable global merchants, payment service providers, and helps banks and businesses build secure and seamless payment solutions for their customers by smoothening the exchange of funds. The company was founded in 2016 by Iyinoluwa Aboyeji and Olugbenga Agboola and is headquartered in San Francisco, California.
Tagaddod is a renewable Energy and Waste Management Egyptian company, started in February 2013 and operating in Cairo –Egypt. Currently focusing on clean fuels, Tagaddod is working on Biodiesel production from Vegetable Oils. Biodiesel is a fuel alternative that is produced from waste vegetable oils and used in conventional diesel engines, which can directly substitute for or extend supplies of traditional petroleum diesel.
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