4Di Capital closes R256-million technology venture capital fund

South African venture capital firm 4Di Capital has announced the successful first closing of R256 million in initial commitments for a new technology venture capital fund.

The major investor in the fund has been revealed to be Exponential Ventures, the externally-focussed innovation unit of insurance group MMI Holdings.

“We are very pleased to welcome MMI Holdings to our stable of highly-regarded investors,” said Justin Stanford, co-founding general partner of 4Di Capital.

The fund’s mandate will include early and growth-stage investments, focussing on scalable technology opportunities in the FinTech, InsurTech, and HealthTech verticals, particularly those with ambitions to reach international markets.

More on start-ups

15 companies which Michael Jordaan invested in

Michael Jordaan the new Woza chairman

Latest news

Partner Content

Show comments

Recommended

Share this article
4Di Capital closes R256-million technology venture capital fund