Flat6Labs and Tamwilcom Launch Accelerator to Fuel Morocco’s Tech Startup Ecosystem
Flat6Labs has entered Morocco, marking a significant development in the startup ecosystem. The new accelerator program focuses on sectors like AgriTech, FinTech, GreenTech, AI, and digital health.
LoftyInc Capital Secures $43 Million for Africa’s Emerging Tech Startups
LoftyInc Capital Management announced the first close of its LoftyInc Alpha Fund, securing $43 million. The fund focuses on fostering growth in Africa's emerging tech startups, particularly in Nigeria, Egypt, Kenya, and Francophone Africa.
LoftyInc secures $43 million first close for new Africa seed fund
LoftyInc Capital Management secured a $43 million first close for its LoftyInc Alpha Fund. The fund targets late-seed investments in Africa's high-growth tech startups.
LoftyInc Capital raises $43m to invest in seed and Series A startups
LoftyInc Capital has reached the first close of its third fund aimed at late seed and Series A startups across Africa. The fund has received backing from development finance institutions such as Proparco and the International Finance Corporation (IFC).
Kobo360 investors sell equity to ex-CEO Obi Ozor as struggles mount
Kobo360 raised approximately $79 million but has seen a dramatic decline in operations. Co-founder Obi Ozor has repurchased shares and taken on ₦10 billion in debt to revive the company.
