E2 LoftyInc Allied Partners and Capital Management - Michael Oluwagbemi

from Squord Academy · host Dapo Omoniyi and Edosa Obaseki

In 2009, during the peak of the global financial crisis, Michael realized how bad the youth employment was in Nigeria. Although, his job as a Project Manager in Houston was safe. He began reading about global crisis to get a good understanding of how to make the best of the bad situation by capitalizing on it. After a couple of conventions and forums, he started LoftyInc Allied Partners with his friends to invest in early stage Nigerian startups with the sole aim of aiding the technological and economic growth of the nation. In 2011, few things happened and he  formed Wennovation hub to train unemployed youths in Nigeria mainly to become software engineers. After a couple of years, he and his partners decided to launch a capital management firm under advisement of his mentor. This firm has since made investments in over 30 startups. LoftyInc Allied Partners and LoftyInc Capital Management. LoftyInc was one of the early investors in startups like Andela, Flutterwave, Printivo and many other disruptive african companies.  Outside of LoftyInc, Michael runs Owonikoko Ranch & Farms, which is his agriculture business that specializes in cattle rearing, meat processing, maize and vegetable farming. 

What this episode covers

In 2009, during the peak of the global financial crisis, Michael realized how bad the youth employment was in Nigeria. Although, his job as a Project Manager in Houston was safe. He began reading about global crisis to get a good understanding of how to make the best of the bad situation by capitalizing on it. After a couple of conventions and forums, he started LoftyInc Allied Partners with his friends to invest in early stage Nigerian startups with the sole aim of aiding the technological and economic growth of the nation. In 2011, few things happened and he formed Wennovation hub to train unemployed youths in Nigeria mainly to become software engineers. After a couple of years, he and his partners decided to launch a capital management firm under advisement of his mentor. This firm has since made investments in over 30 startups. LoftyInc Allied Partners and LoftyInc Capital Management. LoftyInc was one of the early investors in startups like Andela, Flutterwave, Printivo and many other disruptive african companies. Outside of LoftyInc, Michael runs Owonikoko Ranch & Farms, which is his agriculture business that specializes in cattle rearing, meat processing, maize and vegetable farming.

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E2 LoftyInc Allied Partners and Capital Management - Michael Oluwagbemi

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This episode was published on April 28, 2021.

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