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.
StarNews
Seed Round in 2021
StarNews Mobile is a digital platform that specializes in creating, producing, and distributing video content for mobile subscribers. Founded in 2017 and headquartered in Santa Monica, California, the company operates in multiple African countries, including Ivory Coast, Cameroon, the Democratic Republic of the Congo, and South Africa. It offers a subscription-based streaming service that empowers African content creators by providing tools to monetize their digital content. The platform connects these creators with local and global audiences, facilitating a sustainable income through a fair payout system. StarNews aims to unlock the potential of Africa's creative sector by making affordable streaming accessible to mass-market consumers and enhancing the connection between creators and their fans with features such as exclusive content and flexible payment options.
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