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Assisting the manager Ventures Platform Limited with its support to early stage companies
Project
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Signature date
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Location
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Multi-Country, Egypt, Kenya, Nigeria
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Financing tool
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Financing amount (Euro)
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435000
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Customer
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Ventures Platform Limited
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Type of customer
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Financial institution
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Country of headquarters
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Nigeria
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Project number
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IZZ1105
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Environmental and social ranking
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IF-C
Proparco has allocated €435,000 of financing to help the team of the seed fund Ventures Platform IV strengthen their management capabilities.
Client presentation
Ventures Platform Limited is the manager of the seed fund Ventures Platform IV. This fund will invest in early stage companies to support market-creating innovations in various sectors, mainly in Nigeria, Kenya and Egypt.
Project description
A €435,000 technical assistance facility has been allocated to Ventures Platform Limited. The objective is to help the newly established team of Ventures Platform IV strengthen their management capabilities for identifying, concluding with and supporting companies in line with its investment thesis. This financing also aims to support the early stage portfolio companies/start-ups of Ventures Platform IV.
Project impact
The expected impacts of this financing are:
Start-ups & SMEs
- Support for over 50 start-ups and/or SMEs.