Ventures Platform secures $84 million for second pan-African tech Fund
Ventures Platform, an African seed stage venture capital firm, has announced the final close of its second institutional fund, Ventures Platform Pan African Fund II, at $84 million, exceeding its initial $75 million target. The post Ventures Platform secures $84 million for second pan-African tech Fund appeared first on Nairametrics .
Ventures Platform, an African seed stage venture capital firm, has successfully closed its second institutional fund, Ventures Platform Pan African Fund II, at $84 million, surpassing its initial $75 million target. This oversubscribed fund expands the investor base, including new investors such as the European Bank for Reconstruction and Development (EBRD), Norfund, Alphatron, and Ashesi University Foundation.
The fund's focus remains on technology-driven solutions addressing Africa's major economic and social challenges, with a strategy of identifying and backing founders at the earliest stages of company building.
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