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Microtraction
Microtraction is a venture capital based in Lagos, founded 2017; the Altss profile covers its classification, headquarters, registration, AUM band, and key...
Microtraction
Fueling African tech entrepreneurship with $100k investments, Microtraction empowers remarkable teams at the earliest stages of their ventures.
General information
Firm type
Venture Capital
Year founded
2017
AUM
Undisclosed
Location
Region
Africa
Country
Nigeria
City
Lagos
Corporate office
Lagos, Nigeria
Principals
Yele Bademosi
Co-Founder
Kwamena Afful
Co-Founder
Dayo Koleowo
Partner
Sayo Folawiyo
Partner
Ato Bentsi-Enchill
Team Member
Offiong Isyah
Team Member
Samantha Asheley Amarhfio
Team Member
Judith Koranteng
Team Member
Sector focus
Frequently asked questions
Who runs investment decisions at Microtraction?
The founding team of Yele Bademosi and Kwamena Afful leads investment decisions alongside partners Dayo Koleowo and Sayo Folawiyo. All four have built or are building operating companies, which the firm positions as central to its founder-first underwriting approach. The small team reviews applications year-round without requiring a warm introduction.
How does Microtraction source its proprietary deal flow?
Microtraction accepts applications directly through its website, open year-round with no introduction requirement. Its limited partner base of other venture capitalists, angel investors, and founders functions as an extended sourcing network. This structure gives the firm line of sight into early-stage teams across its core markets in Nigeria, Ghana, and Kenya.
Is Microtraction structured as a single family office or does it operate more like a venture firm?
Microtraction is a traditional venture capital firm, not a family office. It was founded in 2017 as an early-stage fund and is currently deploying through its second vehicle, the Community Fund. Its LPs are other venture investors, not a single family's capital.
Does Microtraction participate in fund commitments or only direct deals?
Microtraction exclusively makes direct pre-seed investments into operating companies, writing a standard $100,000 check for 7% equity. There is no indication from the firm's public disclosures that it participates in fund-of-fund commitments or secondary transactions.
What investment stages does Microtraction typically target?
The firm targets the pre-seed stage and aims to be a startup's first institutional check. Its stated internal goal is to prepare each portfolio company to raise a full Seed round within 12 to 18 months, with a structured playbook supporting that transition.
Which sectors does Microtraction explicitly avoid?
Microtraction describes itself as sector-agnostic and its current portfolio confirms this — it spans fintech, health tech, foodtech, logistics, enterprise SaaS, crypto, and gaming. No public exclusions are stated, though the firm filters for technology-driven businesses operating in what it assesses as billion-dollar markets.
Where does the underlying capital come from, and who are Microtraction's limited partners?
The firm states that its LPs are other venture capitalists, general partners, and angel investors who are actively scouting for African startups. This community-of-investors model means much of the capital is professional risk capital rather than institutional pension or endowment allocations.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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