Microtraction
Investor type
VC
Last fund created
2017
AUM
-
Location
Nigeria
$1-5 m
Investment Ticket
3-5 years
Investment Horizon
Seed
Investment Stage
Sale to strategic investor,
IPO
Exit Strategy
Profile
Microtraction is an investment platform that provides seed capital to technology entrepreneurs at the earliest stages of their venture. We believe long term sustainable socio-economic development in Africa will be driven by entrepreneurs and innovations, and not by politicians or charity aids.
Our mission is to accelerate Africa’s economic growth by enabling innovation and supporting technology entrepreneurs. Our principal role is to increase the number of venture bankable startups across the continent, creating the market for venture and growth stage capital to follow on and ultimately bridging the pre-seed funding gap that currently exists.
Industry
Region of investment
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