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

Past deals in Nigeria

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.

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.

Omnibiz

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

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.

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.

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.

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.

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.

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.

Omnibiz

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

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.

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.

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.

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.

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.

TechAdvance

Seed Round in 2021
TechAdvance is a payment application development firm

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.

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.

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.

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.

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.

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.

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.

Kangpe

Seed Round in 2017
Kangpe Nigeria Limited operates a telemedicine platform that connects patients with doctors for online health consultations. Founded in 2015 and based in Lagos, Nigeria, the company offers subscription-based services allowing patients to ask health-related questions and receive medical advice. Doctors on the platform provide guidance on symptoms, disease diagnosis, and treatment based on detailed descriptions of patients' health conditions. Kangpe aims to make health services more accessible and affordable by leveraging technology, ensuring that patients can articulate their medical history and current issues to facilitate accurate diagnoses and effective treatment recommendations.
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