# Bank of Industry

Type: Company

Source: Startup Intelligence Brief — https://getstartupbrief.com/entity/bank-of-industry
Canonical HTML page: https://getstartupbrief.com/entity/bank-of-industry

## Timeline

- **2026-06**: DICE Fund of Funds activated — Bank of Industry signs agreement appointing Kuramo Capital Management as manager; federal government commits $85.3 million, with Kuramo to raise matching private capital, bringing total fund size to at least $170.6 million.
- **2025-11**: First direct government VC investment — iDICE Programme invests in Ventures Platform’s VP Pan-African Fund II, which closes at $64 million with international co-investors.

## Recent coverage (1 stories)

### Nigeria’s $170.6M DICE Fund Aims to Bring VC to All 36 States
2026-07-01 03:22:32 · Sentiment: Bullish · Impact: 7/10 · Sources: 2

The new fund-of-funds, managed by Kuramo Capital, will invest in local VC firms to support tech and creative startups across Nigeria. It follows a $64 million investment in Ventures Platform’s Pan-African Fund in 2025, signaling the government’s deepening commitment to the startup ecosystem.
Full story: https://getstartupbrief.com/story/nigerias-170-6m-dice-fund-vc-all-states

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