Alma Clinics Holdings secures $2.8 million funding from IDF Capital through its AIF Fund.
ALMA Clinics (ALMA), a Nurse-Led tech-enabled private primary healthcare clinic (PHC) established in July 2020 by CEO Sibongile Manganyi Rath, is proud to announce that the health-tech start up has secured $2.8m (+R51m) from IDF Capital through its Alitheia IDF Fund (AIF), to fund its expansion drive. ALMA was established at the height of the […]
Alitheia IDF wins 'VC Fund of the Year' at SuperReturn Africa Awards 2023!
The award recognises professional excellence in investing, with the judges looking out for evidence demonstrating track record of innovative fundraising, investments and exits; a reputation for adding considerable value—not just finance—to portfolio companies; and a reputation for working closely with theearly-stage investment community. This win is a testament to the hard work of our dedicated […]
The Telkom’s FutureMakers Programme
Through the funding vehicle of Telkom’s FutureMakers program, IDF Capital funded 110 SMEs in the ICT sector. Our funding products were designed to meet the funding needs for the businesses at their different stages of growth, enabling customised value creation interventions that result in great scale and impact. The fund created an impressive 66,449 direct […]
Ivilitex: Revolutionizing the South African Textile Industry
Ivilitex is a new clothing and textile manufacturing facility in Epping, South Africa that aims to increase locally produced apparel from 44% to 65% by 2030. Equipped with advanced technology, the factory can produce a pair of jeans in under 13 minutes with minimal environmental impact. The company’s focus on local production and technological innovations serves […]
Cape Town welcomes installation of yet another clothing and textile manufacturing plant
Cape Town – The City of Cape Town’s economic growth directorate has welcomed yet another clothing and textile manufacturing plant to the Mother City. Economic growth mayco member James Vos attended the launch of Ivilitex, a new high-tech clothing and textile manufacturing facility in Epping, in the week. Ivilitex forms part of the Ivili Group, […]
Rentoza’s growth potential backed by Alitheia IDF with $5m investment
South African e-commerce business, Rentoza, has reached a significant milestone in its growth journey with a US$5-million equity investment from the prestigious Alitheia-IDF. This will accelerate Rentoza’s expansion plans and facilitate a pan-African reach. By allowing Africans to access products in a way that they have never been able to before, this investment cements Rentoza’s […]
EIB-supported gender lens investment fund Alitheia IDF announces final close at $100 million
EIB-supported gender lens investment fund Alitheia IDF announces final close at $100 million PRESS RELEASE: 15 December 2021 The changes and challenges to the macro landscape had presented the following: Largest gender-inclusive private equity fund in Africa 2X Flagship fund applying the 2X Challenge criteria Boosting diversity across Africa The management of Alitheia IDF (AIF), […]
Landmark 2021 for IDF Capital and what lies ahead for 2022
Landmark 2021 for IDF Capital and what lies ahead for 2022 2021 marked the second year of a strained trading environment due to the impact of the Covid-19 pandemic. Despite the pandemic effects, the finance and investment landscape has seen an influx of investments as reported by SAVCA’s Venture Capital Industry Survey. The year 2020 […]