
Ventures Platform
Description
Ventures Platform is a prominent early-stage venture capital firm based in Abuja, Nigeria, dedicated to investing in technology startups across Africa. Founded by Kola Aina, the firm has established itself as a key player in the continent's burgeoning tech ecosystem, focusing on companies that address critical challenges and build essential infrastructure. Their investment thesis centers on identifying and nurturing innovative solutions across various sectors, including fintech, healthtech, edtech, and enterprise SaaS, aiming to drive digital transformation and economic growth.
Ventures Platform primarily targets pre-seed and seed-stage companies, often participating in follow-on rounds up to Series A. The firm is known for its hands-on approach, providing not just capital but also strategic guidance, operational support, and access to a robust network. This comprehensive support system aims to accelerate the growth and scalability of its portfolio companies. In 2022, Ventures Platform successfully closed its second fund at $40 million, significantly expanding its capacity to back promising African ventures. This fund is a testament to the firm's growing influence and commitment to the region.
With a diverse portfolio of over 60 companies, Ventures Platform has backed some of Africa's most successful startups. Notable exits include Paystack, which was acquired by Stripe, demonstrating the firm's ability to identify high-potential ventures. Other prominent portfolio companies include Kuda, PiggyVest, and Mono, all of which are making significant strides in their respective industries. Ventures Platform's strategic investments contribute to the development of a resilient and innovative African tech landscape, fostering economic growth and digital transformation across the continent.
Investor Profile
Ventures Platform has backed more than 48 startups, with 4 new investments in the last 12 months alone. The firm has led 13 rounds, about 27% of its total and boasts 6 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Pre Seed, Series A rounds (top funding stages).
- Majority of deals are located in Nigeria, United States, Canada.
- Strong thematic focus on Financial Services, FinTech, Payments.
- Typical check size: $50K – $500K.
Stage Focus
- Seed (48%)
- Pre Seed (42%)
- Series A (8%)
- Series Unknown (2%)
Country Focus
- Nigeria (52%)
- United States (17%)
- Canada (13%)
- Côte d'Ivoire (4%)
- Senegal (2%)
- Spain (2%)
- Kenya (2%)
- United Kingdom (2%)
- Zambia (2%)
- South Africa (2%)
Industry Focus
- Financial Services
- Fintech
- Payments
- Finance
- B2b
- Information Technology
- Wholesale
- Health Care
- Internet
- Banking
Frequently Asked Questions
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