Ventures Platform

Pan-African early-stage firm Ventures Platform closes fund, hits $46M

Ventures Platform, a Pan-African early-stage venture capital firm, has closed its fund at $46 million as it looks to double down on “category-leading” companies across the continent. The six-year-

Nigerian B2B e-commerce platform Omnibiz raises millions to gain and retain retail customers

Africa’s informal retailers supply most of the continent’s population with a broad range of consumer goods and generate over $1 trillion in sales annually. However, troubles with outward inefficie

TopUp Mama looking to solve sourcing challenges for restaurants

Stock-outs, unpredictable prices of farm produce and a lack of working capital are among the challenges that plague small restaurants and food vendors in emerging markets. These are some of the pain-p

Tofino Capital reaches first close of $10M fund to back startups in frontier markets

Tofino Capital, a venture capital firm targeting early-stage startups in emerging markets, has launched its $10 million fund. It is announcing the first close of this fund at $5 million and hopes to a

Earnipay raises $4M to help employees in Nigeria get faster access to their salaries

Earnipay, a fintech that provides flexible and on-demand salary access to income-earners, has raised $4 million in seed financing led by early-stage venture capital firm Canaan. Participating investor

YC-backed Remedial Health raises $1 million pre-seed to digitize pharmacies in Nigeria

Remedial Health has secured $1 million in pre-seed funding to digitize pharmacies and stem the supply of fake and substandard pharmaceutical products, starting with Nigeria before expanding to the res

Ventures Platform announces first close of its $40M pan-African fund

Activity around African venture capital firms raising funds continues to increase as we head towards the end of the year. In the latest development, Abuja- and Lagos-based Ventures Platform is today a

Ventures Platform, Hustle Fund back Nigerian fintech Brass in $1.7M round

Small and medium enterprises make up more than 95% of all businesses in Nigeria. But despite their sheer size and importance, a majority of them are underserved by financial institutions and lack the