The second closing of the new $25 million fund managed by South African seed capital firm 4Di Capital has recently been finished.
In order to form the fund with DotExe Ventures, the Mauritian conglomerate IBL Group provided an undisclosed sum through its investment vehicle, IBL Link Investments.
A group of business owners established the venture capital firm 4Di Capital in 2009, and since then it has established a reputation as a top investor in the African market.
Investors profit from the partners’ vast first-hand experience establishing and growing businesses throughout Africa.
This is corroborated by the business’ history of seed investments in flourishing businesses including Aerobotics, LifeQ, VALR, and Nairobi-based Wasoko, all of whom have since obtained sizeable late-stage finance.
“We are very thrilled to add IBL Group and IBL Link Investments to our investment portfolio,” said Justin Stanford, a partner at 4Di Capital.
One crucial element of our company’s strategy is that we prefer to collaborate closely with fewer investors in order to maximize value addition and give them a first-hand account of the action taking place.
Priority will be given to businesses with regional or global objectives, and the fund will continue to accept new investors until it reaches its final close at the beginning of 2023.