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Ventures Platform Secures $64M for Second Fund, Backed by Nigerian Government and Global LPs
Growth StageVenture Capital

Ventures Platform Secures $64M for Second Fund, Backed by Nigerian Government and Global LPs

•November 6, 2025
•Nov 6, 2025
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Participants

Ventures Platform

Ventures Platform

company

British International Investment

British International Investment

investor

Nigerian Government (iDICE)

Nigerian Government (iDICE)

investor

Why It Matters

Government participation validates state support for the African startup ecosystem and the fund’s shift to Series A financing helps fill a critical funding gap, potentially accelerating growth and attracting more global capital to the continent’s high‑upside tech sector.

Deal Summary

Lagos‑based Ventures Platform announced it has raised $64 million for its second fund, targeting a $75 million final close. The round includes the Nigerian government’s iDICE program, IFC, British International Investment and other international limited partners, marking the first government investment in an African VC fund.

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