[REVISION HISTORY]

Ventures Platform Pan-African startup fund

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2026-08-27 13:19 UTC → 2026-08-27 23:32 UTC · added ~~removed~~

Ventures Platform, a Lagos-based venture capital ~~firm based in Lagos,~~ firm, has closed its second ~~fund~~ institutional fund, VP Pan-African Fund II, at $84 ~~million, surpassing~~ million. The fund was oversubscribed, exceeding its original $75 million ~~target.~~ target despite a global slowdown in venture capital funding. The fund is designed to ~~support early-stage technology companies from the~~ lead and catalyze pre-seed to Series A ~~stages across Africa. The~~ investments in technology-driven solutions. While maintaining a presence in Nigeria, the firm intends to expand its ~~investment~~ footprint ~~beyond Nigeria~~ across the continent to include markets such as Kenya, South Africa, Egypt, Côte d’Ivoire, Morocco, and ~~Egypt.~~ Senegal. Key ~~sectors for~~ investment sectors include fintech, healthcare, ~~software-as-a-service,~~ and ~~artificial intelligence.~~ software-as-a-service. Managing partner Kola Aina ~~highlighted~~ has emphasized a focus on AI artificial intelligence businesses capable of lowering operating costs or enabling ~~new~~ new, scalable business models within African markets. Backing for the fund includes new institutional investors such as the European Bank for Reconstruction and Development, Norway’s Norfund, Alphatron, and the Ashesi University Foundation. Returning investors include the International Finance Corporation, Standard Bank, British International Investment, Proparco, and Nigeria’s iDICE program.

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