Funding boost for SA tech start-ups

4Di Capital, an independent early-stage technology venture capital firm based in South Africa’s “Silicon Cape” has announced that E. Oppenheimer & Son has invested an undisclosed amount of money into the group.

According to 4Di Capital, the Oppenheimer investment would double its 4Di Fund 1.

E. Oppenheimer & Son International is the investment holding company of the Oppenheimer family.

Rachel Slack, a director of E. Oppenheimer & Son, said: “We believe that South Africa has exceptional entrepreneurial talent and are excited to join the 4Di Capital family, where we hope we can assist in leveraging the resources available to us in support of young, high-impact entrepreneurs wishing to develop and launch their new innovations onto the global stage.”

Justin Stanford, Founding Partner of 4Di Capital and co-founder of  4Di said: “We are very pleased to have the Oppenheimer family on board to assist us in capitalising on the growing number of exciting new technology opportunities that need startup capital and support to penetrate the global market.”

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Funding boost for SA tech start-ups