* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, October 21, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Country music legend rushed to hospital year after heart surgery. Here’s what we know – PennLive.com

    Country Music Legend Rushed to Hospital One Year After Heart Surgery – What’s Happening Now?

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Placer County town of Loomis considers entertainment zone for downtown – CBS News

    Loomis Unveils Thrilling New Entertainment Zone to Revitalize Downtown

    CT Culture Corner: Robert Redford films to watch – CT Insider

    CT Culture Corner: Robert Redford films to watch – CT Insider

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

    Bella Thorne Shows Off Her Toned Abs in Crop Top – Yahoo

    Bella Thorne Shows Off Her Toned Abs in a Chic Crop Top

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 Technology Stocks to Buy Now – Yahoo Finance

    3 Must-Buy Tech Stocks You Can’t Afford to Miss Right Now

    ‘New frontier’: Austin leaders start discussions on air taxi technology – KXAN Austin

    Austin Leaders Ignite Exciting Conversations on the Future of Air Taxi Technology

    How a Gemma model helped discover a new potential cancer therapy pathway – blog.google

    How a Gemma Model Revealed a Breakthrough Pathway for Cancer Treatment

    Italian Technology in Manufacturing: Supporting North American Industries and Keeping Production Local – Thomasnet

    How Italian Technology is Revolutionizing North American Manufacturing and Boosting Local Production

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Country music legend rushed to hospital year after heart surgery. Here’s what we know – PennLive.com

    Country Music Legend Rushed to Hospital One Year After Heart Surgery – What’s Happening Now?

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Strictly Come Dancing results: Chris Robshaw is eliminated while drag queen La Voix escapes dance-off – Yahoo

    Placer County town of Loomis considers entertainment zone for downtown – CBS News

    Loomis Unveils Thrilling New Entertainment Zone to Revitalize Downtown

    CT Culture Corner: Robert Redford films to watch – CT Insider

    CT Culture Corner: Robert Redford films to watch – CT Insider

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

    Elmira’s New Entertainment Venue ‘Centertown Social’ Adding its Final Touches – WENY News

    Bella Thorne Shows Off Her Toned Abs in Crop Top – Yahoo

    Bella Thorne Shows Off Her Toned Abs in a Chic Crop Top

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

    3 Technology Stocks to Buy Now – Yahoo Finance

    3 Must-Buy Tech Stocks You Can’t Afford to Miss Right Now

    ‘New frontier’: Austin leaders start discussions on air taxi technology – KXAN Austin

    Austin Leaders Ignite Exciting Conversations on the Future of Air Taxi Technology

    How a Gemma model helped discover a new potential cancer therapy pathway – blog.google

    How a Gemma Model Revealed a Breakthrough Pathway for Cancer Treatment

    Italian Technology in Manufacturing: Supporting North American Industries and Keeping Production Local – Thomasnet

    How Italian Technology is Revolutionizing North American Manufacturing and Boosting Local Production

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    Guide to Proteomics Project Planning: Sample Preparation Strategies – Technology Networks

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Prolific Nigerian VC firm Ventures Platform casts a wider net across Africa

July 30, 2024
in Technology
Prolific Nigerian VC firm Ventures Platform casts a wider net across Africa
Share on FacebookShare on Twitter

Ventures Platforms is one of Africa’s most prolific startups. In eight years, it has invested in 78 startups, scoring big wins with Piggyvest, Remedial Health, and Paystack—which Stripe acquired in October 2020 for over $200 million. 

After these Nigerian successes, it’s turning its attention outside Nigeria and aiming to become more pan-African. Since Kola Aina founded Ventures Platform in 2016, it has only invested in 12 non-Nigerian startups. 

“Even though we started from Nigeria and most of our investments are based in Nigeria, we always set out to be a pan-African investor,” said Dotun Olowoporoku, the managing partner of Ventures Platform.

The firm’s $46 million fund, which was launched in 2021, typically invests $250,000 to $1 million per startup. As it deepens its roots outside Nigeria, it will only invest in “key strategic markets” with a stable political environment, homegrown technology talent, and angel investors. Its most recent investments outside Nigeria have been in the Francophone West Africa region, which satisfies these benchmarks. 

“Startups only breed where the ecosystem has been put together,” said Olowoporoku. In 2023, the sector-agnostic fund invested in twelve startups, making it one of the most active investors on the continent in a year when funding declined 36% year-on-year. 

Besides its vast portfolio, Ventures Platform made its name by being a hands-on investor for its startups. In November 2022, the firm appointed Damilola Teidi to lead a team solely focused on supporting its portfolio companies. 

“As a founder whose aspiration is to build a business that generates a ton of free cash flow, there is no better fund. In my lowest moment as a founder, when we went down to zero revenue, Ventures Platform was there. When I needed to recruit talent, Kola Aina had time on his calendar to speak to an engineer,” Njavwa Mutambo, the CEO of Caantin, a non-Nigerian Ventures Platform portfolio startup, told TechCabal. 

Ventures Platform: Lake versus Ocean Strategy

VC investing is like fishing; you cast your net into a vast ocean and hope for the best. While that’s a simple analogy, VCs and fishermen head to sea every time to take their chances based on robust analysis and hope for outsized returns.

For Ventures Platform, fishing either happens in lakes or oceans. The Big 4 (Nigeria, Kenya, Egypt, and South Africa) are seen as oceans where multiple “sharks” can exist in the same market and still thrive, while smaller ecosystems are seen as lakes where there is mostly only one “shark.” 

Francophone West Africa ties into the firm’s lake strategy, as the firm sees the region as pockets of lakes. The firm will invest in startups in the region as long as they can “dominate the market quickly,” own up to 80% of the market share, and be able to expand into neighbouring countries.

“It’s easy for companies to start in Senegal, expand to Cote d’Ivoire and Cameroon, and become huge businesses without coming to Nigeria,” Olowoporoku said. 

However, acquiring a significant market share can be expensive and capital-intensive. In recent months, the African tech ecosystem has adopted a more conservative approach to spending after the end of the zero-interest rate policy, which reduced startup funding. 

But Olowoporoku told TechCabal that his firm would still back a startup in the region that is raising money to acquire customers and can retain them. The firm recently invested in Tanel, a health insurance company, and its fourth investment in Senegal. This has not previously been reported.

Ventures Platform is also looking to invest in Francophone West Africa, where startups have an easier path to exit due to French companies’ interest in entering the region through acquisitions, according to Olowoporoku. “We want to go to that market and look for companies that other people might have ignored because they look at that market from a narrow point of view,” he said.  

Ventures Platform’s GRMTT metrics

Venture capital firms often have a thesis for building their portfolios, and Ventures Platform is no different. The firm has five prerequisites for investing in a startup.

The firm considers a startup’s growth rate, which must be “incredible” before it cuts a cheque. “Venture investors invest in high-growth companies,” Olowoporoku said. 

Ventures Platform also considers the startup’s revenue before investing, as it only invests in startups making money. The firm considers the startup’s revenue margin, which helps it determine valuation, and the diversity of the revenue source, which can help startups adapt to exchange rate volatility. “Revenue is important because it’s a reflection of whether they’re creating value and whether someone is willing to pay for that value,” Olowoporoku said. 

The firm also considers the current reality of the market and the potential of the market in which a startup operates before investing. “A fast-growing business in a capped market is less valuable than a slowly growing business in an uncapped market,” Olowoporoku said.

Get the best African tech newsletters in your inbox

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TechCabal – https://techcabal.com/2024/07/30/venture-platforms-looks-outside-nigeria/

Tags: “NigerianProlific'technology
Previous Post

Nigeria seeks to force digital transformation with new bill

Next Post

Tom Hanks Receives Sweet Tribute From Wife Rita Wilson — One Detail Catches People’s Attention

Revisiting Pope Francis’ Call for ‘Ecological Conversion’ – Sojourners

Pope Francis’ Powerful Appeal for a Global Ecological Awakening

October 21, 2025
PJSB donates $50,000 for UACCM Nursing and Science Center – KVOM

PJSB donates $50,000 for UACCM Nursing and Science Center – KVOM

October 21, 2025
An update from Riane Eisler, author of “The Chalice and the Blade,” on achieving peace. – Psychology Today

An update from Riane Eisler, author of “The Chalice and the Blade,” on achieving peace. – Psychology Today

October 21, 2025
We live in a sailboat and travel the world full-time… but our lifestyle isn’t as glamorous as you’d think – Daily Mail

Living Full-Time on a Sailboat and Traveling the World: The Reality Behind the Glamour

October 21, 2025
3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

3 E Network Technology Group Limited Closes $1.5 Million Convertible Promissory Note Offering – Quiver Quantitative

October 21, 2025
This Week in Navy Sports Presented by Navy Federal Credit Union – Naval Academy Athletics

Thrilling Moments from This Week in Navy Sports

October 21, 2025
New Land Cruiser “FJ” Makes World Premiere – トヨタ自動車株式会社 公式企業サイト

Unveiling the All-New Land Cruiser “FJ”: A Bold and Exciting World Premiere

October 20, 2025
World economy resilient but underwhelming, says IMF chief – African Business

Global Economy Proves Resilient Yet Growth Falls Short, Warns IMF Chief

October 20, 2025
Country music legend rushed to hospital year after heart surgery. Here’s what we know – PennLive.com

Country Music Legend Rushed to Hospital One Year After Heart Surgery – What’s Happening Now?

October 20, 2025
Proteases in intestinal health and disease – Nature

The Vital Role of Proteases in Intestinal Health and Disease

October 20, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (878)
  • Economy (899)
  • Entertainment (21,770)
  • General (17,713)
  • Health (9,940)
  • Lifestyle (912)
  • News (22,149)
  • People (900)
  • Politics (909)
  • Science (16,110)
  • Sports (21,399)
  • Technology (15,879)
  • World (882)

Recent News

Revisiting Pope Francis’ Call for ‘Ecological Conversion’ – Sojourners

Pope Francis’ Powerful Appeal for a Global Ecological Awakening

October 21, 2025
PJSB donates $50,000 for UACCM Nursing and Science Center – KVOM

PJSB donates $50,000 for UACCM Nursing and Science Center – KVOM

October 21, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version