Lagos-based Ventures Platform, one of Africa’s most active early-stage investors, has raised $64 million so far for its second fund, targeting a final close of $75 million, founding partner Kola Aina tells TechCrunch.
Among the investors is the Nigerian government, through its Investment in Digital and Creative Enterprises (iDICE) program, which marks the first time this government has invested in a VC fund. That’s significant, since Nigeria’s burgeoning startup community is home to the largest number of startup unicorns on the continent.
Other limited partners in Ventures Platform’s second fund include IFC, British International Investment (BII), Proparco, Standard Bank, MSMEDA, and AfricaGrow, along with European family offices such as Alder Tree Investment and prominent global backers like former Y C
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