Venture Garden Nigeria (VGN) is a tech investment holding company that supports companies providing innovative, data-driven, end-to-end technology platforms. Its portfolio includes education company EduTech, software developer Splashers Technologies and gifting platform SureGifts, among others. Convergence Partners announced a US$20 million investment for a minority stake in VGN. The capital injection is intended to accelerate VGN's growth plans in Nigeria and across the West African region and to help the group achieve a wider customer reach, according to CEO Bunmi Akinyemiju. Convergence Partners emphasized fintech's role in African development and cited VGN's high-calibre management and leading market position. No operating metrics or revenues were disclosed in the article.

Total raised

$20M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2015