Ventures Platform, the main seed fund in Africa, has announced the first closing of its second fund, VP Pan-African Fund II, for an amount of 64 million dollars. This fund aims to consolidate its seed investments, to accelerate Series A fundraising and to develop its pan-African presence to support the next wave technological technology of the continent. The final objective is to raise funds of 75 million dollars.

The fund raising received 70% interest from of the sponsors (LPs) of the first fund venture capital institutional, thus testifying to the solidity and relevance of the strategy of the society. New and returning investors include the unprecedented participation of the program Nigeria Investment in Digital and Creative Enterprises (iDICE), a bold initiative aimed at position Nigeria as a global hub for digital innovation and of creative excellence, as well as the International Finance Corporation (IFC), member of the World Bank Group, Standard Bank (South Africa), British International Investment (BII), Proparco, through its Choose Africa VC program supported by the EU and supported by EFSD+, Micro, Small & Medium Enterprises Development Agency (MSMEDA) and AfricaGrow.

The fund also attracted strong participation from the from major European family offices, including Alder Tree Investment, as well as from a consortium of leading global investors, including Michael Seibel.

Ventures Platform's PAF II fund to expand strategically its field of investment in Africa. In addition to its surveys of initial pre-seed and seed funds, he will pilot and catalyze now Series A investments, thus reducing the risks associated with companies with high potential and optimizing value creation.

In conclusion, Kola Aina, founding partner of Ventures Platform, said: “The support we have received of a diverse group of leading partners testifies to the place of Africa as the most authentic and asymmetric source of alpha non consensual and transformative in impact. The continent's innovation potential is unlimited, the needs are immense, but to take full advantage of it, it is essential to invest intelligently in the context, to create value after investment and to commit to reducing the risks associated with breakthrough innovations that create markets.