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All posts tagged "4Di Capital"

  • Funding your startup: Ventureburn lists the SA investors delivering [2018 update]

    For entrepreneurs wanting to find early-stage funding, this is the article for you. As there is generally a veil of secrecy surrounding funding and startups, there is often smoke and mirrors in the industry, with many claiming to be "investors".  Ventureburn has sifted through the South African landscape and brought you the investors that are putting the money where their mouths are, and investing in the startup industry. Make sure to keep checking back on this article. We will constantly be updating it with new funds as the startup space grows in South Africa. Also, with your comments and suggestions we hope...

  • Here are the 15 SA tech startups that have netted $137.7m in 2017 deals

    South African tech startups have concluded deals valued at over $137.7-million so far this year, shows data tracked by Ventureburn. Ventureburn has tracked and reported on 15 deals valued at over $137.7-million to date in 2017 -- including the $123-million acquisition in May of Cape Town startup GetSmarter by US listed company 2U. In all 12 of these deals involved Cape Town based startups, with one each based in Johannesburg, Bloemfontein and Stellenbosch. If one excludes the GetSmarter deal, 14 tech startups have been able to raise $14.7-million this year (see the below graphic). In a further three deals reported on by Ventureburn the parties did not...

  • 4Di Capital funding was ‘less than R10m’ confirms SA IoT startup Sensor Networks

    Cape based Internet of Things (IoT) platform Sensor Networks has secured funding from South African venture capital (VC) fund 4Di Capital. Sensor Networks founder Mark Allewell (pictured above with his team, fourth from left) announced the deal yesterday. It's the second investment 4Di Capital has this week made public. Read more: SA drone startup Aerobotics secures R8m in funding from 4Di, Savannah Fund  While Allewell declined to say how much funding his two-year old startup has tapped, when pushed by Ventureburn to reveal more details he confirmed that it was "less than R10-million", which included a minority stake in the company by 4Di...

  • Q&A: Focus on creating unicorn for SA is misdirected says Justin Stanford

    Any overt focus by South African ecosystem players on creating the country's first unicorn is a "misdirection of attention" says venture capitalist and founder of 4Di Capital Justin Stanford. With the number of multi-million acquisition deals concluded by South African startups seemingly on the increase of late, Stanford says the country should rather focus on systematically repeatable value creation. 'Focus on headline number of $1-billion valuation is misdirection of attention' It follows the $445-million sale of Kapa Biosystems in 2015 and, more recently, the $123-million GetSmarter deal announced in May. Read more: Are these the 10 all-time biggest exit deals for SA startups? Responding to emailed questions from Ventureburn, Stanford...

  • Zoona raises $15-million in Series B funding round, 4Di Capital on-board

    African fintech startup Zoona has announced a series B funding round of US$15-million. The round concluded a week prior to the announcement and was led by the International Finance Corporation (IFC), a member of World Bank Group. Cape Town-based venture capital firm 4Di Capital is one of the investors, having injected an unspecified amount in Zoona. According to Justin Stanford, co-founder and managing director of 4Di, this is the first investment from the firm's new fund. Stanford holds a four-year non-executive position on Zoona's board. Series A investors Accion, consisting of Quona Capital, and Omidyar Network, doubled their investment for the Series B round, with the Lundin Foundation increasing...

  • New 4Di Capital VC fund raises R256m

    This is very good news for the South African startup space. 4Di Capital, the Cape Town-based venture capital firm has raised R256-million for its new fund, aimed at early and growth-stage startups. According to an official blog posted on the company's website, the bulk of the money for the fund comes from MMI Holdings's recently launched Exponential division. Headed by company veteran Jaco Oosthuizen, the division's aim is to hunt out innovative entrepreneurs. To date, it's primary focus has been on potentially disruptive innovation opportunities around financial wellness globally and domestically in South Africa. In the line with that, the new...

  • Seed accelerator 88mph gets a VC boost from 4Di Capital

    Independent early-stage VC fund, 4Di Capital is investing in 88mph, the African seed accelerator. Details of the deal remain under wraps, but CEO and founder of 4Di, Justin Stanford, tells Ventureburn that the investment deal will see 4Di share a stake in 88mph graduates. In addition to funding, the investment from the Cape Town-based 4Di will provide 88mph startups greater access to a network of local investors and enhances the possibility for follow-on funding. Stanford says that the deal is part of building a credible ecosystem, one he hopes will draw more angel investment and move the "Silicon Cape" concept forward. He...

  • HealthQ: groundbreaking African startup launches, attracts funding, blows minds

    When we broke the story about HealthQ's open source metabolic chamber -- the first of its kind in the world -- we came away solemnly impressed by what a group of entrepreneurs from Stellenbosch, South Africa, managed to pull off on a limited budget. After its official unveiling today, we are now privy to HealthQ's impressive investor roster and how the metabolic chamber fits into HealthQ's plans. We knew that WooThemes co-founder Adii Pienaar was an investor, and that venture capital fund 4Di Capital was involved. Shortly after wealthy mining family, the Oppenheimers, invested in 4Di Capital’s venture fund for...

  • BetTech secures multi-million rand seed funding

    Software development startup BetTech Gaming has announced that it has secured a multi-million rand seed funding packet from South African venture capital firm, 4Di Capital. Founded in 2009, BetTech develops gaming software, the first of which is their sports book package which will be licensed through bet.co.za’s web and mobile interfaces. When asked what persuaded 4Di to invest in BetTech, 4Di Director Justin Stanford cited the "marriage of a great idea with a capable...