4Di Capital, a South African early-stage venture capital firm, has announced the second closing of its new $25 million seed fund, which was made in partnership with DotExe Ventures in Mauritius.
This announcement comes on the heels of the SA SME Fund’s initial closing of $8 million, with money aimed at seed and post-seed stage firms in South Africa, East Africa, and the continent.
The fund will prioritise companies with continental or global ambitions and remain open to new investors until its final close in early 2023.
“We’re thrilled to collaborate with our new partners because we’ve spent the previous 13 years refining our investment approach and growing outside South Africa into the East African and beyond markets “, Justin Stanford, a partner at 4Di Capital, stated “
Aerobotics, LifeQ, VALR, and Nairobi-based Wasoko are some notable portfolio companies that have since raised significant late-stage funding.