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Ventures Platform closes $83M second fund, expands beyond Nigeria

Pan-African venture firm Ventures Platform has closed an oversubscribed $83 million Fund II, nearly double its $46 million debut fund from 2022. The firm will now invest across Kenya, South Africa, and Egypt in addition to Nigeria, writing checks up to $3 million in fintech, healthcare, SaaS, and AI-driven startups over the next three to four years.