Microtraction is an early-stage venture capital firm that invests in African technology startups at the pre-seed stage, providing $100,000 for 7% equity. Founded in 2017 and based in Lagos, Nigeria, the firm is sector-agnostic with notable focus areas including fintech, SaaS, health tech, edtech, crypto, gaming, and mobility.
31% of their portfolio is in Fintech. Their most common stage is pre-seed (69% of deals).
Portfolio
11
Fund Size
$15M
Top Stage
Pre Seed
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
13 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 WiASSUR | Seed | $300K | Nov 2023 |
 Clafiya | Pre-Seed | $610K | Jan 2023 |
| PPBR Life Sciences | Pre-Seed | $1M | Jan 2023 |
| Clafiya | Grant | $610K | Sep 2022 |
 Chaka | Pre-Seed | $1.5M | Jul 2021 |
 Bumpa | Pre-Seed | $200K | Jan 2021 |
| PPayday Africa | Pre-Seed | $3M | Jan 2021 |
| Chaka | Pre-Seed | — | — |
 Gwala | Unknown | $577K | — |
 Juicyway | Pre-Seed | $3M | — |
 Bitsika | Seed | $150K | — |
 Pivo | Pre-Seed | $100K | — |
| VVesti | Pre-Seed | $500K | — |
Top Co-Investors
Voltron Capital4 shared
Y Combinator3 shared
MAGIC Fund3 shared
Future Africa2 shared
Hustle Fund2 shared
Plug and Play Tech Center2 shared
Techstars2 shared
Golden Palm Investments1 shared
Breyer Capital1 shared
Seedstars1 shared
Susa Ventures1 shared
4DX Ventures1 shared
Ingressive Capital1 shared
P1 Ventures1 shared
Uncovered Fund1 shared
Binance1 shared
Hard Yaka1 shared
Launch Africa Ventures1 shared
Octerra Capital1 shared
Launch Africa1 shared
Last updated: 9 September 2026