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Industrial Development Corporation: Catalyst for African Innovation IDC, an African investment powerhouse, specializes in Series A and B rounds. Their portfolio boasts DataProphet and Nomanini, showcasing their commitment to tech-driven ventures. IDC's focus on mid-stage growth sets them apart, empowering startups to scale their impact and shape Africa's digital future.

Industrial Development Corporation's Portfolio in Africa

Industrial Development Corporation has made over 3 notable investments in African startups. Their most recent investment was in DataProphet, announced on August 10th, 2022.
Industrial Development Corporation's Latest news
ORION MINERALS LIMITED – Industrial Development Corporation to fund 43.75% of pre-development costs and facilitate BEE ownership at Okiep - SENS - Moneyweb

Company bosses released on bail after allegedly defrauding Industrial Development Corporation of R185m - IOL

Industrial Development Corporation's Investment activity in Africa

With over $16.4M invested in African startups, their latest investment was a Series A round in DataProphet, announced on August 10th, 2022, closing at $10M.

Here are some of their investments in Africa:

RoundStartupLocationDateAmount Raised
Series B
Nomanini
South AfricaAug 04, 2014$ 450,000
Series A
DataProphet
South AfricaAug 10, 2022$ 10,000,000
Series A
DataProphet
South AfricaAug 25, 2020$ 6,000,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000

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Industrial Development Corporation's Investment Distribution in Africa.

Industrial Development Corporation's currently has Startuup investments spread across the following location(s)

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