First fund close · Business services
VP Pan-African Fund II reaches $64m first close
Ventures Platform attracted development institutions, family offices and individual investors to its second fund.
Ventures Platform announced a $64 million first close for VP Pan-African Fund II on 6 November 2025, against a $75 million target.
Limited partners included Nigeria’s iDICE programme, IFC, Standard Bank, British International Investment, Proparco, MSMEDA, AfricaGrow, Alder Tree Investments and Michael Seibel.
The fund backs African technology companies from pre-seed through Series A, with plans to expand its presence in Francophone and North Africa. The $64 million first close was subsequently included in the fund’s $84 million final close in August 2026.
Use of funds
Back African technology companies from pre-seed through Series A
Funding history
First fund close · This round$64M