Ventures Platform Launches USD 46 Mn Pan-African And Early-Stage Fund

Ventures Platform, the pan-African VC firm championing the next generation of African technology entrepreneurs, has today announced the final close of its early-stage and intercontinental fund, at USD 46 Mn. The oversubscribed fund saw new participation from global investors with an array of top-tier commercial banks, corporates, DFIs, global institutional investors, and HNIs, including Standard Bank, International Finance Corporation [IFC], British International Investment, A to Z Impact, Proparco with FISEA, AfricaGrow a Fund of Funds backed by BMZ [German Ministry for Economic Cooperation and Development, DEG and Allianz, managed by Allianz Global Investors], and others.

The new fund will see Ventures Platform double down on backing a cohort of category-leading companies across the continent and will also allow for follow-on investments for portfolio companies, up to Series A. Ventures Platform has also established an innovative platform and network practice that will provide scalable and world-class post-investment support and value creation to its portfolio companies.