Ventures Platform has closed its second institutional fund, Ventures Platform Pan African Fund II, at $84 million, surpassing its initial $75 million target. The fund secured backing from major institutional investors including the European Bank for Reconstruction and Development, Norfund, and the Ashesi University Foundation. The capital will support early-stage startups from pre-seed to Series A, focusing on companies addressing critical economic and social challenges across the continent. This milestone comes amid a challenging global funding environment, highlighting investor confidence in the firm’s strategic focus on technology-driven innovation in Africa.