4DX Ventures has raised $60 million for its second African-focused fund. 4DX Ventures’ vehicle, which was launched in the first quarter of 2021, has slightly exceeded its target size of $ 50 million. It will concentrate on Anglophone and Francophone Africa, with a focus on financial services, health, and logistics. More specifically, Nigeria, South Africa, Egypt, and Kenya, as well as the Ivory Coast, will be targeted by the Africa-focused venture capital business.
Despite its broad scope, the vehicle will concentrate on the fintech, e-commerce, healthcare, and logistics sectors.
“At the end of the day, our goal is to invest in firms that solve fundamental problems on the continent, as well as in larger markets, because the size of the market means a lot for the potential results of the company,” said Walter Baddoo, 4DX Ventures’ co-founder and partner.
The fund, which is almost completed, was launched in the first quarter of 2021 with a target of raising $50 million. His portfolio includes companies such as Autochek, Breadfast, MaxAB, Taager, Trella, and Yoco, which operate in a variety of industries.
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4DX Ventures has invested in over 40 companies across Africa, the Middle East, and the United States since the establishment of its first fund. According to the venture investor, its portfolio companies have raised more than $1.2 billion in funding to sustain their operations.
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Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer