Pan-African venture capital firm 4DX Ventures has bolstered its third investment vehicle with an additional $6.1 million, bringing the fund’s total commitments to more than $55 million. The firm is now on track toward achieving an $80 million final close, a target it has been steadily advancing since its first disclosures earlier in the year. This move underscores 4DX’s determination to deploy capital at a time when African startups are facing funding headwinds.
Fundraising Momentum
The latest top-up was first reported by Launch Base Africa and follows the firm’s May 2024 announcement of $48.91 million already secured. That round was anchored by a $10.5 million commitment from the International Finance Corporation (IFC), which has been positioning itself as a cornerstone backer of emerging market funds. The IFC’s participation stems from its $225 million venture platform launched in 2023 to support early-stage companies and fund managers in developing economies.
Egypt at the Center of Strategy
4DX Ventures, with offices in San Francisco and Accra, has recently sharpened its focus on Egypt, viewing it as a pivotal hub for supply chain and logistics innovation. In 2025 alone, the firm has made several Egypt-based deals, including an investment in logistics platform Suplyd. It also re-upped its support for Taager, a social commerce platform in which it had previously invested, signaling confidence in the country’s fast-growing digital economy.
A Prolific Year of Deals
The firm’s deal pipeline has been unusually active for a year marked by global venture capital pullbacks. Beyond Egypt, 4DX recently backed PALM, an Egyptian fintech specializing in incentivized savings, with a $1 million pre-seed round. It also participated in HoneyCoin’s $4.9 million seed round, a Kenyan fintech attracting backing from investors such as Flourish Ventures and TLcom Capital, highlighting its pan-African outlook.
Investment Mandate and Portfolio
4DX’s current fund continues its mandate of backing early-stage technology businesses in sectors spanning fintech, healthcare, e-commerce, and climate tech. This strategy aligns with the firm’s belief that Africa’s underserved markets present vast opportunities despite global macroeconomic challenges. The steady pace of investment suggests 4DX is not merely raising funds but actively putting capital to work across multiple geographies and verticals.
Defying Market Headwinds
The broader context for this fundraising is significant, as African startups have been struggling with declining investment levels. In the third quarter of 2023, the continent received only 2 percent of global deal volume, underscoring the funding gap. By continuing to raise and deploy capital, 4DX Ventures represents a countercurrent to the prevailing slowdown, providing founders with rare access to institutional backing.
About 4DX Ventures
Founded in 2017 by Walter Baddoo and Peter Orth, 4DX Ventures has built a reputation for its early-stage partnerships with African founders. Although its headquarters are in the United States, the firm maintains regional offices in Accra, Cairo, and Nairobi, ensuring proximity to the markets it invests in. Over the past eight years, 4DX has assembled a portfolio of more than 40 companies that collectively have raised upwards of $1.2 billion in follow-on capital.
Track Record of Investments
The firm’s earlier funds have supported some of Africa’s most recognized scaleups, including Ghana’s healthtech player mPharma, Kenya’s B2B e-commerce giant Wasoko, and Egypt’s MaxAB. These bets have not only produced regional champions but also positioned 4DX as one of the few African-focused funds with a consistently high-profile track record. By leveraging its pan-African reach, the firm continues to identify and support startups with potential to scale beyond their home markets.
4DX Ventures’ latest fundraise reflects both resilience and conviction in Africa’s entrepreneurial landscape. In the face of reduced global investment flows, the firm’s steady capital deployment demonstrates confidence in the long-term potential of African technology startups. With Fund III edging closer to its $80 million target, 4DX appears determined to shape the future of venture capital across the continent.
Source: Launch Base Africa