LoftyInc Capital Management (LCM), an early-stage African-focused technology fund, has achieved the first close of its LoftyInc Afropreneur Fund 3 (LAF3) with substantial participation from African hign-net-worth individuals and millenials, startup founders, and institutions.

LAF3 is a $10 million technology fund investing in seed-to-series A technology-enabled companies that are building the rails for Africa’s digital infrastructure, and are poised to experience rapid growth.