Ventures Platform Raises $84M Fund II to Expand Early-Stage Investing Across Africa

Nigeria-based venture capital firm Ventures Platform has raised $84 million for its second fund , giving the investor more capital — and a wider geographic mandate — to back technology startups across Africa. The oversubscribed fund represents a significant step up from Ventures Platform’s first institutional fund, which closed at $46 million in 2022. While the earlier vehicle concentrated heavily on pre-seed and seed-stage companies, particularly in Nigeria, Fund II will pursue opportunities ac