Microtraction has invested in Raise, a startup that helps companies manage fundraising processes and secure company data. Raise offers a simplified fundraising solution that helps founders and investors find each other and consummate transaction while also managing the legal and financial information for the stakeholders through the https://www.getraise.io/ platform. The stake acquired was not disclosed.
Microtraction was founded by managing partner Yele Bademosi who has been involved in early startup investment deals that have great growth potential in the sector they operate within Africa. Microtraction typically invests $65,000 in two stages. The company has invested in high growth tech start-ups such as CowryWise Nigeria, Wallet Nigeria and Sendbox.