By Miguel Heilbron on October 6, 2014
Congrats to entrepreneur Ayodeji Ogundiran, founder of VC4Africa registered company E-Pump, and their investors including VC4Africa member Michael Oluwagbemi, who just closed a new seed investment deal!
The seed investment round in E-Pump was announced by LoftyInc Allied Partners Limited, operator of the Wennovation Hub high-impact start-up acceleration program in Lagos, Nigeria. Michael Oluwagbemi, Executive Partner at LoftyInc, told VC4Africa “the invested sum is within the $15,000 to $25,000 bracket that we invest in early stage teams, with the option to invest up to four times the initial invested amount in a follow up round.” The investment was syndicated among a group of investors affiliated with the venture and product development firm based in Lagos.
At Wennovation Hub, LoftyInc provides “everything from management consulting [...]Continue reading New USD 15-20k investment in Nigeria’s fuel station app E-Pump »