I

Industrial Development Corporation

854 employees

Industrial Development Corporation is a financial institution that fosters commercially-sustainable industrial development in Africa.

Investor insights

Sectors invested in

Software4

Mobile4

Financial Services3

mobile2

Manufacturing2

Information Technology2

Payments2

FinTech2

SaaS2

Predictive Analytics2

Artificial Intelligence2

Defect Reduction2

Manufacturing Optimization2

Machine Learning2

Process Optimization2

Data Science2

Internet2

technology2

retail2

fintech2

Funding rounds participated in

$10M sweet spot round size

Most of their 9 investments are in rounds between $450K and $30M

Investor type

Venture Capital

Basic info

Industry

financial services

Sectors

Date founded

1940

Investments made

D

DataProphet raised $10M on August 10, 2022

Investors: Knife Capital, Norican Group and Industrial Development Corporation

S

Swedish Stirling AB raised $11M on February 9, 2022

Investors: Industrial Development Corporation

D

DataProphet raised $6M on August 25, 2020

Investors: Knife Capital, Norican Group and Industrial Development Corporation

A

Agribank raised $30M on July 20, 2018

Investors: Industrial Development Corporation

Z

Zambia Airways 2014 raised $30M on January 16, 2018

Investors: Industrial Development Corporation

D

Domestly raised undisclosed on June 22, 2017

Investors: Industrial Development Corporation

S

Smile Communications raised $315M on September 8, 2015

Investors: Public Investment Corporation, Development Bank Of South Africa, Diamond Bank Plc, African Export-Import Bank (Afreximbank) and Industrial Development Corporation

N

Nomanini raised $450K on August 4, 2014

Investors: Industrial Development Corporation

N

Nomanini raised $450K on August 4, 2011

Investors: Industrial Development Corporation

FAQ