Ventures Platform Expands Beyond Nigeria with $8.1M Series A for Pan-African Growth
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Ventures Platform, a leading Nigerian VC firm, is setting its sights on broader African horizons. With notable successes in Nigeria like Piggyvest and Paystack, the firm is now investing in key strategic markets across Africa. Discover how Ventures Platform is shaping the future of African startups.
🌍 Ventures Platform Expands Across Africa
Ventures Platform, a prolific Nigerian VC firm, is broadening its investment scope across Africa. Founded in 2016 by Kola Aina, the firm has invested in 78 startups, including successes like Piggyvest and Paystack. With a $46 million fund launched in 2021, Ventures Platform is focusing on strategic markets with stable environments and homegrown talent.
- Recent Investments: The firm recently raised $8.1M in a Series A extension to fuel its pan-African expansion.
- Key Markets: Ventures Platform targets regions like Francophone West Africa for their stable ecosystems and growth potential.
- Hands-on Approach: Known for its supportive role, the firm emphasizes hands-on assistance, appointing leaders to focus solely on portfolio company support.
Key Highlights:
- 💰 Investment Strategy: Ventures Platform invests $250,000 to $1 million per startup, focusing on high-growth, revenue-generating companies.
- 🌟 Success Stories: Major successes include Piggyvest, Moniepoint, and Paystack.
- 📈 Market Expansion: The firm aims to help startups dominate markets quickly, particularly in regions where it can capture significant market share.
- 📊 GRMTT Metrics: Evaluates startups on Growth Rate, Revenue, Margin, and Market Potential before investing.
Ventures Platform's strategic investments and hands-on approach are set to drive significant growth and innovation across Africa. Keep an eye on this dynamic firm as it continues to shape the future of the continent's startup ecosystem.
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