📋 Tender Overview
Project Number
50644
Company Name
LoftyInc Alpha Fund, LLC
Date SPI Disclosed
Jan 16, 2025
Country
Africa Region
Region
Africa
Projected Board Date
Feb 17, 2025
Environmental Category
FI-2
Status
Pending Approval
Last Updated Date
Department
Disruptive Tech, Service & Funds
Industry
Funds
Sector
Venture Capital Fund
Project Description
The proposed transaction is an equity investment of up to US$ 6 million to Lofty Alpha Fund, LLC. ( Lofty or the Fund ), a closed-end pan-African venture capital ( VC ) fund targeting seed stage technology and technology-enabled businesses across sectors. The Fund will be domiciled in the United States of America with a target size of US$ 50 million.
