LoftyInc Capital Management and partners have officially a new $25 million Afropreneur Fund II which focuses on early stage Africa-facing enterprises that leverage technologies to create social impact and tackle big problems. The launch was announced at Africa Diaspora Network’s Annual Investment Symposium, ADIS 2017 held in Silicon Valley, California on Friday January 28, 2017.
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.
“Afropreneur Fund 1 is a closed fund, that immediately provides our portfolio a source of critical follow-on funding in their critical phase of growth, while powering innovation across critical social impact sectors including financial integration, bridging the digital divide and under employment gaps, housing and literacy among many others,”LoftyInc said in a statement.
