Pan-African venture capital firm Ventures Platform has officially closed its second fund at $84 million, exceeding its initial $75 million target.
The oversubscribed fund, backed by international development finance institutions and commercial investors, will provide crucial Seed and Series A capital to early-stage African tech startups. Key focus areas include financial infrastructure, localized enterprise tools, e-commerce, and healthcare technology.
Despite global venture capital slowdowns, the successfully raised fund brings fresh liquidity to founders scaling solutions across the continent.
Source: Ventures Platform / Financial Afrik
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