Ventures Platform returns capital on 4 out of 6 investment cohorts
TechCabal | Faith Omoniyi - Aug 29, 2024
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- Ventures Platform claims it has generated returns on four out of six investment cohorts.
- The VC firm raised a $46 million fund and disbursed $19.6 million across different startups on the continent.
- Ventures Platform plans to invest outside of Nigeria and has previously invested in non-Nigerian startups in Ghana, Zambia, and Egypt.
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Ventures Platform has shown success in generating returns on its investment cohorts and has raised a substantial fund to support startups in Africa. The firm's focus on fintech and plans to invest outside of Nigeria indicate a positive outlook for the growth of the African tech ecosystem. However, the challenge of matching the fund's lifespan with the long-term needs of startups remains a critical consideration.
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