Industrial Development Corporation of South Africa
South Africaidc.co.za
Overview
Industrial Development Corporation of South Africa is a national development finance institution, wholly owned by the South African government, that promotes economic growth and industrial development. It provides funding for industrial development projects and plays a catalytic role in promoting partnerships across industries within South Africa and, since the 1990s, the rest of Africa. Its mandate includes maximizing development impact through job-rich industrialization and contributing to an inclusive economy by funding black-owned and empowered companies, as well as enterprises owned by women and youth.
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Pele Green Energy | Dec 2023 | Debt | Co-investor |
| Pele Energy Group | Dec 2023 | Debt | Co-investor |
| WiSolar | Nov 2023 | Debt | Co-investor |
| Wetility | Sep 2023 | Series A | Co-investor |
| DataProphet | Aug 2022 | Series A | Co-investor |
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.