South African VC Firm 4Di Capital Partners Announces 2nd Close Of USD 25 Mn Seed Fund

South African early-stage venture capital firm 4Di Capital has announced the second closing of its new USD 25 Mn 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 specializes in the Southern and Eastern Africa region. 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.