• Ventures Platform secures USD 64M in first close of VP Pan-African Fund II, targeting USD 75M final close.
• Fund aims to deepen seed-stage investments, catalyse Series A rounds, and accelerate pan-African expansion across multiple sectors.
• Focus areas include fintech, healthtech, agritech, edtech, and AI, targeting ventures solving non-consumption and infrastructural gaps.

Ventures Platform

Ventures Platform, Africa’s seed-stage fund, secured USD 64 million in its first close of its second fund, VP Pan-African fund II. Moreover, it is targeting a final close of USD 75 million.  It aims to deepen seed investments, catalysing Series A rounds, and driving its pan-African expansion. Furthermore, this is to power the continent’s next tech wave. 

“ With VP PAF II, we are broadening our reach and deepening our focus on discovering and empowering innovators that will solve chronic non-consumption across the continent,” said Kola Aina, Founding Partner at Ventures Platform.

The close saw participation from the Nigeria Investment in Digital and Creative Enterprises (iDICE) program, and the International Finance Corporation (IFC),  Additionally, it saw participation from the British International Investment (BII), Proparco, Micro, Small & Medium Enterprises Development Agency (MSMEDA) and AfricaGrow. It also attracted participation from European family offices, including Alder Tree Investment, as well as a consortium of prominent global investors including  Michael Seibel. 

Investment Scope

The fund aims to deepen its investment scope across Africa. It also aims to lead and catalyse Series A investments in order to de-risk high-potential ventures and enhance value creation.

 Simultaneously, it seeks to consolidate its activities in Francophone Africa and accelerate pan-African expansion into North Africa. It also aims to reinforce its core operations in Nigeria and broader Africa. 

The fund aims to prioritise ventures building essential solutions that solve for non-consumption and plug infrastructural gaps. This with a focus on sectors such as in fintech, healthtech, agritech, edtech, AI, amongst other sectors.