Microtraction logo

Microtraction

Africa, Lagos, Nigeria, Lagos

Description

Microtraction invest in Africa's most remarkable teams with technical founders at the earliest stages of their venture

Investor Profile

Microtraction has made 30 investments, with 3 in the past 12 months and 17% as lead.

Stage Focus

  • Pre Seed (73%)
  • Seed (27%)

Country Focus

  • Nigeria (53%)
  • United States (20%)
  • Canada (13%)
  • United Kingdom (7%)
  • Kenya (3%)
  • Bahamas (3%)

Industry Focus

  • Financial Services
  • Fintech
  • Software
  • Health Care
  • Payments
  • Finance
  • Information Technology
  • Credit
  • Banking
  • Pharmaceutical
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Microtraction frequently co-invest with?

Techstars
North America, Colorado, United States, Boulder
Co-Investments: 4
Hustle Fund
North America, California, United States, San Carlos
Co-Investments: 4
Ventures Platform
North America, Prince Edward Island, Canada, Victoria
Co-Investments: 9
Greencap Equity
Africa, Lagos, Nigeria, Lekki
Co-Investments: 5
DFS Lab
North America, Washington, United States, Seattle
Co-Investments: 4
MAGIC Fund
North America, California, United States, Los Angeles
Co-Investments: 6
Ingressive Capital
Africa, Lagos, Nigeria, Lagos
Co-Investments: 4
LoftyInc Capital
Africa, Lagos, Nigeria, Ikeja
Co-Investments: 6
Future Africa
North America, California, United States, San Francisco
Co-Investments: 4
Voltron Capital
Africa, Lagos, Nigeria, Lagos
Co-Investments: 5

Which angels does Microtraction often collaborate with?

Dimeji Sofowora
Africa, Nigeria
Shared Deals: 3
Olugbenga Agboola
Africa, Nigeria
Shared Deals: 4
AO
North America, California, United States, San Francisco
Shared Deals: 3
Shared Deals: 2
Edmond Olotu
Africa, Nigeria
Shared Deals: 3
Abdul Hassan
Africa, Lagos, Nigeria, Lagos
Shared Deals: 2
Nadayar Enegesi
Africa, Lagos, Nigeria
Shared Deals: 2
CO
Africa, Nigeria
Shared Deals: 3
EE
North America, South Carolina, United States, Columbia
Shared Deals: 3
Prosper Otemuyiwa
Africa, Nigeria
Shared Deals: 6

What are some of recent deals done by Microtraction?

Juicyway

Wilmington, Delaware, United States

Juice is a developer of a payment network platform for cross-border business payments for businesses and individuals.

Financial ServicesFinTechPaymentsSoftware
Pre SeedDec 16, 2024
Amount Raised: $3,000,000
PBR Life Sciences

London, England, United Kingdom

PBR Life Sciences connects businesses with real-world opportunities in life sciences by combining data, technology, and people.

AnalyticsHealth CareLife SciencePharmaceutical
Pre SeedOct 23, 2024
Amount Raised: $1,000,000
Intron Health

Lagos, Lagos, Nigeria

Saving doctors 3+hrs per day through clinical speech recognition for 200+ African accents

Electronic Health Record (EHR)Health CareSpeech Recognition
Pre SeedJul 25, 2024
Amount Raised: $1,600,000
Clafiya

Lagos, Lagos, Nigeria

Clafiya connects patients to health practitioners to provide fast and affordable on-demand primary care services in Africa.

Health CareHospitalPrimary and Urgent Care
Pre SeedJul 25, 2023
Amount Raised: $610,000
Pennee

Lagos, Lagos, Nigeria

Pennee solves cash flow problems for small businesses starting with credit financing.

CreditFinanceFinancial Services
Pre SeedApr 11, 2023
Amount Raised: $450,000
Famasi

Lekki, Lagos, Nigeria

Famasi is a digital health platform that helps people access their medications, schedule doorstep delivery, and automate monthly refills.

Health CarePharmaceuticalVirtualization
Pre SeedFeb 16, 2023
Pade HCM

Suru Lere, Lagos, Nigeria

Pade HCM is a SaaS company that helps African businesses – large, small, or medium – hire, manage and pay their team.

Human ResourcesSaaSSoftwareStaffing Agency
Pre SeedFeb 13, 2023
Amount Raised: $500,000
Afropolitan

San Francisco, California, United States

Afropolitan is creating a Digital Nation to enable all Africans to build abundant lives. (A Network State)

BlockchainCommunitiesCryptocurrency
Pre SeedJun 20, 2022
Amount Raised: $2,100,000
Clafiya

Lagos, Lagos, Nigeria

Clafiya connects patients to health practitioners to provide fast and affordable on-demand primary care services in Africa.

Health CareHospitalPrimary and Urgent Care
Pre SeedJun 7, 2022
Amount Raised: $125,000
Norebase

Bodmin, Cornwall, United Kingdom

Norebase is a digital platform for entrepreneurs and founders to register, manage & expand a business in any African country and the USA.

Information TechnologyInternetLegal TechProfessional ServicesService IndustrySoftware
Pre SeedMay 4, 2022
Amount Raised: $1,000,000