The founding partner of the platform venture capital investment for African start-ups Kola Aina reported that Ventures Platform has raised $64 million so far for its second fund, with an ultimate goal of $75 million.

Ventures Platform is one of the most active venture capital firms in Africa. Fundraising includes the participation of the Nigerian government through its investment program in digital and creative businesses (iDICE). The latest Ventures Platform fundraiser reinforces the confidence of investors in the innovation ecosystem in Africa, despite the global downturn in venture capital. Government involvement Nigerian through iDICE represents a historic moment for state-backed venture capital investment, signaling the recognition of startups as key economic drivers. With more than 90 companies in portfolio in the fields of fintech, healthtech, agritech, edtech and AI, Ventures Platform is well known to fund “painkiller businesses” that solve problems non-consumption issues, like Moniepoint, Paystack, EMFI,