Ventures Platform, a Pan-African early-stage venture capital firm, has closed its fund at $46 million as it looks to double down on “category-leading” companies across the continent.
The six-year-old firm, which employs 11 people, initially went to the market to raise $40 million for this fund and reached an undisclosed first close last December. Most of its limited partners in the first close were primarily African based, which was a deliberate effort, according to founder and general partner Kola Aina.
“For us, it was strategic, getting local capital for our first close. But the second close, as you will see, will be from global fund of funds and DFIs where we’ve got commitments,” he said in the December interview. “Still, ult...
