South African early-stage VC firm 4Di Capital announces close of $25m seed fund
South African early-stage technology venture capital fund manager 4Di Capital has announced the close of $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.
Justin Stanford, Partner, 4Di Capital: “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. Unlike other markets globally which have become saturated, the African market still represents an opportunity for investors. The investment landscape is less competitive, resulting in more favourable valuations and terms, and thus the opportunity to potentially achieve higher returns.”
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.