The South African seed fund manager 4Di Capital has just completed the second close of its new $25 million fund.
IBL Group, a Mauritian conglomerate, contributed an unknown amount through its investment vehicle, IBL Link Investments, to launch the fund in conjunction with DotExe Ventures.
The venture capital firm 4Di Capital, which was founded in 2009 by a group of entrepreneurs, has made a name for itself as a leading investor in the African market.
Investees benefit from the partners’ extensive first-hand knowledge of building and scaling firms in Africa.
This is supported by the company’s track record of making seed investments in successful companies including Aerobotics, LifeQ, VALR, and Nairobi-based Wasoko, all of whom have since raised significant late-stage funding.
Partner at 4Di Capital Justin Stanford said, “We are very happy to add IBL Group and IBL Link Investments to our investment portfolio.
One important aspect of our firm’s strategy is that we like to work closely with fewer investors, maximizing value addition and giving them a close-up view of the action on the ground.
The fund will prioritize companies that have goals on a regional or worldwide scale and will continue to accept new investors up until the point at which it reaches its final close at the beginning of 2023.