[South Africa] VC firm 4Di Capital announces the second close of a new $25 million seed fund
South African- based early-stage technology venture capital fund manager 4Di Capital has announced a close of a new US$25 million seed fund. The deal comes after the company raised another $8 million from the SA SME Fund.
4Di was founded in 2009 and has played a key role in uplifting startups across the continent. Investees reap from the partners’ hands-on experience and approach in growing and scaling startups in Africa.
“Having spent the past 13 years refining our investment strategy and expanding our footprint past South Africa into the East African market and beyond, we look forward to collaborating hand-in-hand with our new partners,” says Justin Stanford, partner at 4Di Capital.
The new fund was created in partnership with DotEXe Ventures in Mauritius and has raised an undisclosed amount from Mauritian-base conglomerate IBL Group, via its investment vehicle IBL Link Investments Ltd.