Convergence Partners Invests in VC Firm 4Di Capital
February 20, 2014
4Di Capital has announced that Convergence Partners, an investment firm focused on the telecommunications, media & technology sector in Africa, has joined Reinet Fund and E. Oppenheimer & Son as an equal limited partner in 4Di Capital Fund 1. As a result of the investment, 4Di Capital’s assets under management will double, as the firm will also take over Convergence Partners’ current portfolio of technology venture investments in the form of Integrat, Bloodhound Technologies and Skillpod Media.
4Di Capital is an independent early-stage technology venture capital firm based in South Africa’s “Silicon Cape”. 4Di Capital Fund 1 targets early stage technology startup investment opportunities with high growth potential at the seed and early stages in the mobile, enterprise software and Web sectors.