Africa-Press – Gambia. Ventures Platform, a leading early-stage venture capital firm in Africa, has secured $64 million to date for its second investment fund.
Its investors comprise IFC, British International Investment (BII), Proparco, Standard Bank, MSMEDA, AfricaGrow, and several notable family offices.
The second fund aims to extend its reach beyond pre-seed and seed stages to cover Series A rounds, with an emphasis on acquiring greater equity positions.
Ventures Platform, among Africa’s most prominent early-stage venture capital firms, has secured $64 million toward its second fund, which targets a final close of $75 million, as stated by founding partner Kola Aina.
The funding round features participation from the Nigerian government via its Investment in Digital and Creative Enterprises (iDICE) program, representing Nigeria’s first direct investment in a venture capital fund.
Additional investors comprise IFC, British International Investment (BII), Proparco, Standard Bank, MSMEDA, AfricaGrow, and leading family offices like Alder Tree Investment, together with global figures such as former Y Combinator CEO Michael Seibel. Roughly 70% of the limited partners from the firm’s earlier fund have committed again.
Founded in 2016, Ventures Platform has earned recognition for spotting promising African startups at an early stage. The firm’s second fund plans to move past pre-seed and seed phases to encompass Series A investments, prioritizing greater equity stakes and a more conviction-driven approach.
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