Ventures Platform Closes Second Pan-African Fund at $84 Million
The seed-stage firm raised $84 million for its second institutional fund, exceeding a $75 million target and drawing new development finance backers.
AfroEuropa Newsroom
AfroEuropa desk
Ventures Platform, one of Africa's most active seed-stage venture capital firms, has announced the final close of its second institutional fund, VP Pan-African Fund II, at $84 million. The figure surpasses the fund's original target of $75 million, and the vehicle was oversubscribed.
According to TechCabal, the sum falls just $23 million short of the combined total raised by all six African venture funds that closed in 2025. The new fund is roughly 1.8 times the size of the firm's first institutional fund, which closed at $46 million in December 2022. BitKE's press release cited the first fund's close as occurring three years earlier.
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