Ventures Platform has closed its second fund at $84 million, marking a substantial increase from its first vehicle. TechCabal, which reported the close on 26 August 2026, described Fund II as almost twice the size of the earlier fund.
The close is also notable when set against African venture fundraising in 2025. According to TechCabal, the $84 million raised by Ventures Platform is only $23 million less than the combined amount secured by all six African venture funds that closed during that year.
That comparison indicates that the six 2025 funds raised $107 million collectively, based on the figures provided. Ventures Platform’s second fund therefore represents a large single close relative to that reported annual total, although the evidence does not provide the individual sizes or names of those six funds.
Further details remain unclear from the supplied report summary. It does not identify the investors backing Fund II, disclose the precise size of Ventures Platform’s first fund, or state the new vehicle’s investment strategy, target sectors, geographic coverage or deployment timetable. It is also not yet known from the available evidence which companies could receive capital from the fund.