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LoftyInc Capital announces $43mln first close of its New Pan-African Seed Fund

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LoftyInc is one of Africa's most established venture capital firms. With over a decade of investing experience
LoftyInc Capital Management, a venture capital firm focused on Africa, has announced the first close of its new Pan-African Seed Fund at $43 million. This fund aims to invest in early-stage startups across the continent, with a particular emphasis on sectors like fintech, agritech, edtech, and healthtech. The fund has already made investments in companies such as Moove, Kuda, and Reliance HMO, showcasing its commitment to fostering innovation and economic growth in Africa. The firm plans to support entrepreneurs by providing not just capital but also strategic guidance to help these startups scale effectively. The announcement highlights LoftyInc's strategy to bridge the funding gap for seed-stage companies in Africa, aiming to catalyze the region's entrepreneurial ecosystem.

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