Ventures Platform lands Nigerian government as LP as it raises additional capital to invest across Africa
- The Nigerian government has committed to supporting Ventures Platform through the iDICE programme, aimed at improving access to capital for the technology and creative sectors.
- Ventures Platform has raised $64 million in its first close for the VP Pan-African Fund II, with plans to reach a final close by Q1 2026.
- The firm will focus on investing in market-creating innovations and plans to make 30 to 40 investments from this fund.
TechCabal - Nov 6, 2025
Ventures Platform closes $64 million fund with Nigeria’s government as an investor
The Nigerian government is making its first foray into startup investing through the Ventures Platfo
The commitment from the Nigerian government and international partners to Ventures Platform signifies a strong belief in the potential of African startups, particularly in technology and innovation. However, the challenge of providing meaningful exit channels remains critical for the sustainability of venture investments in the region.
