Ventures Platform's $84M fund pushes past Nigeria into four African markets
Ventures Platform closed an oversubscribed $84 million Fund II, nearly doubling its first fund and leaving Nigeria behind: it has already cut checks to five startups in Kenya, South Africa, and Egypt. Checks now run up to $3 million, with an AI thesis focused on rewriting cost structures for African markets. The firm points to a harsher LP environment that rewards capital efficiency and realized returns, not just successive raises.