December 6

South African Early-Stage Venture Capital Firm 4Di Capital Announces Second Close to New $25 Million Seed Fund

South African early-stage venture capital firm, 4Di Capital, has announced the second closing of its new $25m 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.

This follows an initial close of $8m from the SA SME Fund, with capital targeting seed and post-seed stage startups in South Africa, East Africa, and the continent at large.

In particular, the fund will focus on businesses exhibiting continental or global ambitions and will remain open to new investors until the final close in early 2023.

Source: BizCommunity (link opens in a new window)

business development, partnerships, startups