# Ventures Platform raises $83 million second Africa fund

_Wednesday, August 26, 2026 at 3:00 AM EDT · Capital, Products · Developing · Tier 2 — Notable_

![Ventures Platform raises $83 million second Africa fund — Primary](https://techcrunch.com/wp-content/uploads/2026/08/venture-platform-vc.jpg?resize=1200,778)

Nigeria-headquartered Ventures Platform has raised an oversubscribed $83 million second fund, expanding its investment mandate beyond its home market.

The firm previously raised a $46 million first fund in 2022, focused primarily on pre-seed and seed rounds. It says Fund II has already invested in five companies in Kenya, South Africa and Egypt, with planned checks of up to $3 million and capital intended for deployment over three to four years.

Its targets include fintech, healthcare, SaaS and AI-related businesses.

## Sources

- [TechCrunch](https://techcrunch.com/2026/08/26/ventures-platform-goes-bigger-and-broader-with-its-second-africa-fund/)
- [Bloomberg Technology](https://www.bloomberg.com/news/videos/2026-08-26/blackbird-ventures-on-a-1-05b-fund-raise-video)

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Canonical: https://techandbusiness.org/newswire/nLNfFTYljRp-1Qz4YqXSs8
Retrieved: 2026-08-26T08:41:11.535Z
Publisher: Tech & Business (techandbusiness.org)