Ventures Platform closes its pan-African fund above its initial target at $46m

Ventures Platform, the pan-African VC firm, has announced the final close of its early-stage and intercontinental fund, at $46 million. Surpassing its initial $40 million target, the oversubscribed fund has attracted investment from commercial banks, corporates, DFIs, global institutional investors and high-net-worth individuals. These investors include Standard Bank, the International Finance Corporation, British International Investment, A to Z Impact, Proparco, AfricaGrow, and others.

Since the first close of the fund late last year, the early-stage ’discovery’ venture capital fund has deployed new capital and follow-on capital into companies across various verticals and regions on the continent, such as Remedial Health, Moni, Notto and Chargel. To further consolidate its pan-African reach, Ventures Platform is actively seeking opportunities in regions such as Kenya, Egypt, and French-speaking West Africa.