Convergence Partners Invests in 4Di Capital Fund 1, Transfers the Management of Several Portfolio Companies to 4Di Capital (Sub-Saharan Africa)
Source: 4Di Capital
Africa-focused investment management firm Convergence Partners will join early-stage technology venture capital firm 4Di Capital’s 4Di Capital Fund 1 as a limited partner and transfer management of its current portfolio of technology venture investments to 4Di. The portfolio companies, all based in South Africa, include mobile aggregator Integrat, location systems developer Bloodhound Technologies and gaming platform Skillpod Media. Last year, Convergence Partners launched Convergence Partners Communications Infrastructure Fund, and the partnership with 4Di will allow Convergence Partners to focus beyond South Africa on pan-African information and communications technology investments.