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Since 2018, Microtraction has backed 25 African startups across 32 disclosed funding rounds totaling $12.7M, most heavily in Nigeria and Fintech.
Microtraction is an early-stage venture capital firm founded in 2017 by Yele Bademosi and Kwamena Afful to bridge the funding gap for African technology entrepreneurs. The firm invests $100,000 for 7% equity at the pre-seed stage, positioning itself as the first institutional check for Africa's most ambitious founders. Microtraction is sector-agnostic but focuses on smart, resourceful founders building high-growth technology businesses in billion-dollar markets. Since its inception, Microtraction has invested in over 60 African startups across 8 countries, with a strong concentration in Nigeria and Ghana. The firm's portfolio spans fintech, health tech, media and entertainment, e-commerce, AI and analytics, and crypto and web3 sectors. Portfolio companies have collectively raised over $100 million post-Microtraction investment and achieved a combined valuation exceeding $700 million, with 82% of backed companies successfully raising subsequent funding rounds. Beyond capital, Microtraction provides portfolio companies with access to a community of 80+ experienced founders, a network of specialized service partners covering hiring, legal, fundraising, and business development, and an expanding scout network across Africa. The firm's Community Fund (Fund II) emphasizes building a supportive ecosystem of venture-backed founders, leading investors, and sector experts to help portfolio companies scale from seed to Series A and beyond.
Data updated · Jul 29, 2026
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Microtraction has backed 25 African startups across 32 disclosed funding rounds tracked on Liners, totaling $12.7M since 2018.
Mostly Seed: 23 of its 32 tracked rounds are at that stage, followed by Pre-Seed (5).
Its tracked rounds lean toward Fintech (10), Health Tech (4), Media & Entertainment (3), and 9 more sectors.
Microtraction most often shares rounds with Future Africa (5 shared deals), Angel investors (4 shared deals), Ventures Platform (4 shared deals).
Microtraction has invested in over 60 African startups including Jamit, Juicyway, Intron, Clafiya, PaidHR, Norebase, Wevesti, InstantRad, Lemfi, Getbumpa, GetEquity, Treepz, Bitsika, Termii, Sendbox, and Riby. These companies operate across fintech, health tech, media, e-commerce, AI, and other technology sectors.
Microtraction aims to make investment decisions within 4 to 6 weeks from first engagement. The firm accepts applications year-round without requiring an introduction, making it accessible to founders at any time.
Beyond the $100,000 investment, Microtraction provides access to a community of 80+ experienced founders, a network of specialized partners for hiring, legal, fundraising, and business development, and an expanding scout network across Africa. The firm also helps portfolio companies develop strategies for raising seed rounds and provides a playbook for scaling over 12 to 18 months.