Funding Round · Insurtech · 2022

Ventures Platform closes $46M fund for African startups

Ventures Platform raised $46M Fund close led by Standard Bank, International Finance Corporation, British International Investment, A to Z Impact, Proparco, AfricaGrow, Allianz Global Investors on December 16, 2022.

Primary
Ventures Platform
Counterparty
Standard Bank, International Finance Corporation, British International Investment, A to Z Impact, Proparco, AfricaGrow, Allianz Global Investors
Amount
$46M
Structure
Fund close
Date
December 16, 2022
Sub-sector
Insurtech

Pan-African VC fund raises $46M to scale follow-on investments across fintech, insurtech, and deep-tech startups across Africa through Series A.

Primary company
Ventures Platform
Amount
$46M
Event date
December 16, 2022
Sub-sector
Insurtech
HQ
Not disclosed
Structure
Fund close
Source published
December 16, 2022
Publisher
TechMoran

Source: techmoran.com