Industrial Development Corporation

Africa, NA - South Africa, South Africa, Sandown

Description

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

Investor Profile

Industrial Development Corporation has backed more than 5 startups, with 2 new investments in the last 12 months alone. The firm has led 1 rounds, about 20% of its total and boasts 2 exits across its portfolio.

Investment Focus Highlights

Concentrates on Debt Financing, Series A, Series Unknown rounds (top funding stages).
Majority of deals are located in South Africa, Mauritius, Australia.
Strong thematic focus on Renewable Energy, Solar, Wind Energy.
Led 1 rounds in the past year.

Stage Focus

Debt Financing (40%)
Series A (20%)
Series Unknown (20%)
Post Ipo Debt (20%)

Country Focus

South Africa (60%)
Mauritius (20%)
Australia (20%)

Industry Focus

Renewable Energy
Solar
Wind Energy
Artificial Intelligence (Ai)
Information Technology
Machine Learning
Manufacturing
Software
Internet
Mobile

FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Industrial Development Corporation frequently co-invest with?

Diamond Bank

Africa, Lagos, Nigeria, Lekki

Co-Investments: 1

Standard Chartered Bank

Standard Chartered Bank

Europe, England, United Kingdom, London

Co-Investments: 1

Norfund

Europe, Oslo, Norway, Oslo

Co-Investments: 2

Nedbank

Africa, NA - South Africa, South Africa, Sandown

Co-Investments: 2

Norican Group

Europe, Hovedstaden, Denmark, Taastrup

Co-Investments: 1

Development Bank of Southern Africa (DBSA)

Development Bank of Southern Africa (DBSA)

Africa, NA - South Africa, South Africa, Midrand

Co-Investments: 1

Public Investment Corporation

Public Investment Corporation

Africa, NA - South Africa, South Africa, Pretoria

Co-Investments: 1

African Export-Import Bank

African Export-Import Bank

Africa, Al Qahirah, Egypt, Cairo

Co-Investments: 1

Ecobank

Africa, Maritime, Togo, Lomé

Co-Investments: 1

Knife Capital

Africa, NA - South Africa, South Africa, Cape Town

Co-Investments: 1

What are some of recent deals done by Industrial Development Corporation?

Theta Gold Mines

North Sydney, New South Wales, Australia

Theta Gold Mines operates as a gold exploration and development company.

Mining

Post Ipo DebtJun 10, 2025

Amount Raised: $35,000,000

Pele Energy Group

Johannesburg, NA - South Africa, South Africa

Pele Energy Group owns and runs renewable energy infrastructure in addition to providing economic development consulting services.

ConsultingRenewable Energy

Series UnknownMar 4, 2025

Amount Raised: $31,000,000

Pele Green Energy

Johannesburg, NA - South Africa, South Africa

Pele Green Energy is an Independent Power Producer that creates, owns, acquires, builds, and operates renewable energy power plants.

Renewable EnergySolarWind Energy

Debt FinancingDec 13, 2023

Amount Raised: $508,130,081

Cape Town, NA - South Africa, South Africa

DataProphet is a developer of machine learning and AI technology to serve the manufacturing industry.

Artificial Intelligence (AI)Information TechnologyMachine LearningManufacturingSoftware

Series AAug 25, 2020

Amount Raised: $6,000,000

SMILE Telecoms Holdings

Port Louis, Port Louis, Mauritius

Smile Telecom is a broadband provider company

InternetMobileTelecommunications

Debt FinancingSep 8, 2015

Amount Raised: $315,000,000