💰LoftyInc Capital Secures $43 Million for Third Fund

Today’s Menu ☕️

💸 LoftyInc Capital Secures $43 Million for Third Fund to Propel Late-Seed and Series A Startups Across Africa
💰 Antler VC Expands to Nigeria as a Catalyst for Startup Growth and Innovation
🩺 Microsoft Unveils Dragon Copilot: A Game-Changer for AI in Healthcare
💵 Badili secures $400,000 in funding to expand re-commerce of refurbished mobile phones in East Africa

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💰INVESTMENTS

LoftyInc Capital Secures $43 Million for Third Fund to Propel Late-Seed and Series A Startups Across Africa

LoftyInc Capital, recognized as one of Africa’s most proactive investment firms, has successfully secured new funding to bolster its investments in startups across the continent. This development comes in the wake of a report from VC firm Partech, which indicated only a minor decline in funding deals and volumes in Africa over the past year. For more than ten years, LoftyInc Capital has dedicated itself to nurturing startups at the pre-seed and seed stages.

Recently, the firm announced the successful first close of its third fund, LoftyInc Alpha, which has raised an impressive $43 million. This new fund signifies a strategic pivot in LoftyInc’s investment approach, as it will now focus on late-seed and Series A startups, while maintaining its commitment to key markets including Nigeria, Egypt, Kenya, and Francophone Africa........…continue reading

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💰VENTURE CAPITAL

Antler VC Expands to Nigeria as a Catalyst for Startup Growth and Innovation

Antler, a global venture capital firm renowned for its early-stage investments, has officially launched operations in Nigeria, marking a significant milestone in the country’s burgeoning entrepreneurial ecosystem. Founded in 2017 by Magnus Grimeland in Singapore, Antler has rapidly expanded its footprint across continents, establishing a presence in major entrepreneurial hubs such as Amsterdam, Berlin, London, Nairobi, New York, Oslo, Singapore, Stockholm, and Sydney. ​

Prior to its expansion into Nigeria, Antler established a presence in East Africa with the launch of its Nairobi office in 2019. The firm’s East African operations have been instrumental in building early-stage startups by collaborating with experienced professionals across the continent.

With its expansion into Nigeria, Antler aims to unlock the potential of the country’s vibrant entrepreneurial ecosystem.....…continue reading

🩺 HEALTHCARE

Microsoft Unveils Dragon Copilot: A Game-Changer for AI in Healthcare

Microsoft has officially launched Dragon Copilot, its first AI-powered clinical workflow assistant, designed to revolutionize healthcare documentation and administrative efficiency. Part of Microsoft Cloud for Healthcare, Dragon Copilot integrates voice dictation, ambient AI listening, and generative AI capabilities to streamline workflows for healthcare providers.

With clinician burnout remaining a global concern, this new AI assistant aims to reduce administrative burdens and improve patient care experiences.......…continue reading

💵 FUNDING

Badili secures $400,000 in funding to expand re-commerce of refurbished mobile phones in East Africa

Kenyan re-commerce startup Badili has successfully raised US$400,000 in debt funding from Proparco, a French development organization focused on fostering private investment in developing nations. Established in 2021, Badili has rapidly made its mark in the East African market, with operations in Kenya, Tanzania, and Uganda. The company is dedicated to the aggregation, repair, and resale of used or damaged mobile phones, providing a sustainable solution for consumers in the region.

By leveraging major e-commerce platforms, local trade partners, and mobile network operators (MNOs), Badili effectively reintroduces these refurbished devices back into the market. The platform is designed to provide consumers with access to high-quality smartphones from leading brands. By utilizing local refurbishment processes, Badili is able to offer these devices at significantly lower prices compared to new models, all while maintaining a commitment to quality.........…continue reading

OTHER STORIES

• Nedbank and Norfund acquire significant minority stake in Pele Energy…….continue reading

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• OpenAI’s GPT-4.5 AI model comes to more ChatGPT users…....continue reading

OPPORTUNITIES

• Global payment card network Visa has announced the opening of applications for the fourth edition of its biannual Africa Fintech Accelerator. Deadline = 15th March 2025…….continue reading

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