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ISC VP Fund IV

Sector: Commercial • Location: Nigeria

Source: International Finance Corporation (IFC)

Project
Active

The investment proposal is for up to US$5 million in equity into Ventures Platform Fund IV (the “Fund”), an African seed fund that is raising US$30 million to make early-stage investments, primarily in Nigeria and the Rest of Africa. The Fund is focused on making early-stage investments (pre-seed to series A) in tech and tech-enabled startups targeting the mass market in Africa. The Fund had a fir

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The project “ISC VP Fund IV” is an infrastructure initiative in the Commercial sector, located in Nigeria. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Description

Description

The investment proposal is for up to US$5 million in equity into Ventures Platform Fund IV (the “Fund”), an African seed fund that is raising US$30 million to make early-stage investments, primarily in Nigeria and the Rest of Africa. The Fund is focused on making early-stage investments (pre-seed to series A) in tech and tech-enabled startups targeting the mass market in Africa. The Fund had a first close in December 2021 of US$14.9 million.The Fund will be supported by the Blended Finance Facility (BFF) of the IDA 19 IFCMIGA Private Sector Window (IDA PSW), created by the Word Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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