Microtraction

Venture Capital
65investments
3exits
24open roles in its portfolio
1-10people

Overview

Microtraction is a pre-seed investment firm focused on African technology entrepreneurs. It makes small first investments, typically around 100,000 US dollars per company, into remarkable teams at the earliest stages of their ventures across Nigeria and the wider continent. The firm was founded in 2016 by Yele Bademosi and is based in Lagos.

Investor profile

Venture capital
Investments
65
48 of them startups
Hiring now
7
24 open roles
Rounds in 12 months
1
Exits
3
Focusshare of its companies
Financial Services 26%Health Care 15%Transportation & Logistics 9%Blockchain & Crypto 9%Cybersecurity 9%Consumer Goods 6%Education 6%Commerce 6%
Where its companies are
Nigeria 20%United States 8%Kenya 5%United Kingdom 3%Canada 2%
Stage of its companies
Pre-seed & seed 100%
Its companies, the freshest money firstAll 65 investments
Aya DataVenture round · 5 mo ago HoneyCoinSeed $4.9M · 14 mo ago · 4 roles Contact SupportVenture round $3M · 16 mo ago AfropolitanVenture round $2.1M · 4 yr ago LemFi12 roles Baki Beauty3 roles Famasi Africa3 roles Rayda1 role Hadi Finance1 role Rise Africa1 role Smartcomply Bitsika
24 open roles at 7 of its companies
Hiring fastestroles opened in 30 days
LemFi8 new roles in 30 days Baki Beauty3 new roles in 30 days
Co-investorscompanies they hold together
Techstars 10 shared Y Combinator 9 shared Ventures Platform 7 shared Plug and Play 5 shared 4DX Ventures 3 shared Quona Capital 2 shared VentureSouq 2 shared Future Africa 2 shared Endeavor 2 shared Google 2 shared
Similar investorstheir companies share markets and countries
Ventures Platform Google Future Africa Heirs Holdings TLcom Capital VestedWorld First Circle Capital 2025 4DX Ventures
Sources: its portfolio page, read Nov 3

Offices

Where the company hires and what each office is for
Cities
1
Hiring now
0
Countries
1
Lagos Nigeria
HQ
1-10 est. staff