South African early-stage venture capital firm 4Di Capital has announced the second closing of its new US$25 million seed fund – created in partnership with DotExe Ventures in Mauritius – with an undisclosed raise from Mauritian-based conglomerate IBL Group, via its investment vehicle, IBL Link Investments Ltd.
4Di Capital is an early-stage technology venture capital fund manager based in Cape Town, South Africa, which specialises in the Southern and Eastern Africa region.
This is backed by the firm’s portfolio of seed investments into noteworthy startups that have since raised significant late-stage funding, such as Aerobotics, LifeQ, VALR, and Wasoko.
DistuptAfrica