Organization · Micro VC
Microtraction
Microtraction is an early-stage venture capital firm based in Lagos, Nigeria, focusing on pre-seed funding for African technology startups. The firm invests $100,000 for a 7% equity stake, targeting high-growth businesses in billion-dollar markets.
Overview
What Microtraction does
What Microtraction is
Microtraction is an early-stage venture capital firm based in Lagos, Nigeria, focusing on pre-seed funding for African technology startups. The firm invests $100,000 for a 7% equity stake, targeting high-growth businesses in billion-dollar markets.
How it participates in the startup ecosystem
The current public profile supports funder and community capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Micro VC
- Founded
- Founded in 2017
- Approximate age
- About 9 years
- Structured capabilities
- Funder · Community
- Last reviewed
- May 5, 2026
Official channels
Find Microtraction elsewhere
Open the official website or a supported primary organization account.
Capability profile
Microtraction as a funder
Investment thesis
Microtraction backs smart, relentlessly resourceful African founders building globally relevant, high-growth technology businesses in billion-dollar markets.
Focus narrative
Microtraction invests in African startups at the pre-seed stage, with a preference for technology-driven businesses operating in billion-dollar markets. The firm is sector agnostic and seeks to support founders who demonstrate resourcefulness and a clear market demand for their products, providing a community of support for portfolio companies.
Value beyond capital
Microtraction adds value to its portfolio companies by offering mentorship, access to a community of other venture-backed founders, and experienced investors, helping them navigate the challenges of early-stage growth.
Terms and economics
- Typical check
- $100,000
- Sweet spot
- $100,000
Focus and fit
- Stages
- Pre-seed · Seed
- Sectors
- FintechArtificial IntelligenceHealthcareSaaS & Cloud SoftwareLogistics & Supply ChainMobility & TransportationCreator Economy
- Regions
- Africa
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 66
- Recorded notable exits
- Orda
Portfolio context
Microtraction has backed 66 portfolio companies across various sectors, including ARK Frontier, a logistics platform; Achieve, a fintech company; Afriskaut, an AI tool for football recruitment; and Clafiya, a health tech service connecting patients with healthcare workers.
Capability profile
Microtraction as a community
Community overview
Microtraction is an early-stage venture capital firm founded in 2017 by Yele Bademosi and Kwamena Afful. Based in Africa, it focuses on providing pre-seed funding to technology startups. The firm invests $100,000 for a 7% equity stake in selected companies, aiming to bridge the funding gap for ambitious founders by offering both financial support and mentorship.
Community focus
Microtraction invests in African startups at the pre-seed stage, with a preference for technology-driven businesses operating in billion-dollar markets. The firm is sector agnostic and seeks to support founders who demonstrate resourcefulness and a clear market demand for their products. Its investment strategy includes providing a community of support for portfolio companies, which consists of other venture-backed founders and experienced investors.
Member value
Members of the Microtraction community benefit from access to funding, mentorship, and a network of experienced investors and fellow founders. The firm emphasizes building a supportive ecosystem for its portfolio companies, facilitating connections that can help accelerate growth and development.
Membership
- Recorded members
- 66
- Pricing models
- free
Format and cadence
- Modality
- online
- Schedule
- rolling-admissions
- Commitment
- light
Availability
- Membership state
- Accepting
Audience and fit
- Audience
- Founders · Investors
- Benefits
- mentorship and network-access
- Program types
- community
- Selection criteria
- open
- Stages
- Pre-seed
- Regions
- Africa
Community activity
- Annual events
- 2
Events and activity
Microtraction hosts several recurring events, including the Microtraction Founders Retreat, an annual gathering designed for founders to connect and share insights. Additionally, the Microtraction LP Community Africa Trip is an annual event that brings together limited partners and portfolio companies for networking and collaboration.
Notable members
Microtraction's team includes notable figures such as Yele Bademosi and Kwamena Afful, both founding partners with extensive experience in the African tech ecosystem. The firm has backed 66 portfolio companies, including notable startups like Orda, a restaurant management software platform, and Bani, a fintech solution for payment collection.
Common questions
What to know about Microtraction
Upseed classifies Microtraction under the Micro VC organization type. Its current public profile includes funder and community capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
May 5, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.