South African 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.

“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.” Stanford added.

In the first quarter of 2022 – while markets in the United States, Asia and Europe slumped – Africa was the only region globally to record three-digit growth, with venture funding growing by 150% year-on-year to hit a record $ 1.8 billion compared to $730 million in the same period in 2021.

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Simon W Nderitu

Simon is a tech enthusiast who keeps a close eye on emerging technologies, startups and the general business environment. You will often catch him totally immersed and drooling over Artificial Intelligence, Machine Learning, Virtual Reality, Augmented Reality, IoT and just about any other tech that promises to revolutionize the way we live. Send tips to

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