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    LoftyInc Capital launches $25m Afropreneur Fund

    VC firm LoftyInc Capital Management has announced the close of its Afropreneur Fund 1 and the launch of a new US$25 million Afropreneur Fund II.
    Image by 123RF
    Image by 123RF

    LoftyInc Capital said the new fund will focus on early-stage Africa-facing enterprises that leverage technologies to create social impact and tackle big problems.

    The launch of the new fund was announced at Africa Diaspora Network’s Annual Investment Symposium in Silicon Valley.

    “The key goal of the Afropreneur Funds is to leverage these investments for social impact, contributing as much to social change and impact, as to the bottom-line – lifting millions out of poverty, illiteracy, sickness and unemployment,” the firm said.

    Afropreneur Fund 1 is a closed fund that provides LoftyInc’s portfolio with a source of critical follow-on funding while powering innovation across critical social impact sectors, including financial integration, bridging the digital divide and under-employment gaps.

    Source: Disrupt Africa

    Disrupt Africa is a one-stop-shop for all news, information and commentary pertaining to the continent’s tech startup – and investment – ecosystem. With journalists roaming the continent to find, meet, and interview the most innovative and disruptive tech startups, Disrupt Africa is a true showcase of Africa’s most promising businesses and business ideas.

    Our readers can keep up-to-date with the quirky world of tech hubs and accelerator programmes; and our reporters provide live coverage of the all-important tech and entrepreneurship events across Africa.

    For our startup, entrepreneur, and investor friends alike, our mission is to provide practical information and advice from across Africa’s varied vibrant markets, and to promote engaged and thought-provoking discussion about the exciting ecosystem we belong to.

    Go to: http://disrupt-africa.com/

    About Tom Jackson

    Co-founder @DisruptAfrica. Tech and business journalist in Africa. Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.
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