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Ventures Platform Closes $84M Fund II Above Target in Down Market
Ventures Platform has closed its second pan-African fund at $84 million, above its original target, in what is described as one of Africa's largest early-stage fund closes of the current global venture slowdown. The close is noted as a landmark for African seed funding.
Ventures Platform: the next fund is the real test
Two takes in, the structural point stands: private capital still hasn't followed development finance into African early-stage investing.
The EBRD crossed a historic line. The LP roster is genuinely strong. But if Fund III looks the same — IFC, BII, Proparco anchoring the room while private money watches from the doorway — then this fund was a landmark, not a turning point.
Watch who Ventures Platform calls first when they open the next one.
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- Ventures Platform closes Fund II at $84M amid global venture slowdown · itnewsafrica.com · T2