Ventures Platform goes bigger — and broader — with its second Africa fund

Ventures Platform goes bigger — and broader — with its second Africa fund

The Pan-African venture firm has raised $83 million and plans to invest in startups beyond its home market of Nigeria.

Ventures Platform closes $84 million second Africa fund

Ventures Platform, the Abuja seed investor behind early positions in Paystack and Moniepoint, has closed its second institutional fund at $84 million, overshooting a $75 million target in a market where most African fund managers have struggled to raise anything at all.The scale is easier to read against what the rest of the industry managed. The six African venture funds that reached a final close during 2025 raised roughly $107 million between…

PRESS RELEASE | Ventures Platform Closes Pan-African Fund II at Over $80 Million

Ventures Platform, Africa’s leading seed-stage fund, has announced the final close of its second institutional fund – VP Pan-African Fund II (VP PAF II) – at $84 million, exceeding its original target of $75 million. Achieved just three years after the close of Fund I and against a markedly more cautious global venture backdrop, the oversubscribed Fund II reflects growing global institutional confidence in Africa’s innovation economy, and confid…

Ventures Platform Closes Pan-African Fund II at $84M

The Lagos-based seed investor's second fund draws new backing from European development institutions, even as global venture funding for Africa remains thin The post Ventures Platform Closes Pan-African Fund II at $84M  appeared first on Tech Labari.

Ventures Platform closes its second fund at $84 million

Ventures Platform, an African seed-stage fund, has reached the final close of its second institutional fund, VP Pan-African Fund II, at $84 million. That is almost double the $46 million raised for its first institutional fund in 2022. The fund brings in four new institutional backers: the European Bank for Reconstruction and Development, Norfund (Norway’s development finance institution), the Dutch family office Alphatron, and the Ashesi Univer…