Ventures Platform Raises $64M for Series A-Focused Fund
- Ventures Platform has secured $64 million for its second investment fund.
- The fund aims for a final close of $75 million.
- Investors include IFC, British International Investment, Proparco, and Standard Bank.
The successful fundraising by Ventures Platform reflects growing confidence in the African startup ecosystem and the increasing interest from both local and international investors. This trend could lead to more robust support for innovation and entrepreneurship in the region, but it also raises questions about the sustainability of such funding in the long term.
