LoftyInc Capital Management has secured $43 million for its LoftyInc Alpha Fund to support emerging tech startups across Africa, focusing on key markets such as Nigeria, Egypt, and Kenya. The fund will invest in health tech, deep tech, and AI sectors, with at least 30% allocated to East and North Africa.
ToumAI, an African startup based in Morocco, is revolutionizing AI by focusing on under-resourced African languages. It collaborates with businesses in telecom, banking, and customer service to develop AI-driven voice solutions that understand local dialects and help bridge literacy gaps, driving digital inclusion and customer experience improvements in emerging markets.
Madica has invested $800,000 in four African startups, providing $200,000 to each. The startups focus on healthtech, femtech, e-mobility, and AI. With this round of funding, Madica aims to support high-growth businesses, emphasizing gender diversity in leadership and expansion into North Africa, targeting profitable exits.
