4dx Ventures
Emerging managerSEC exempt reporting adviser (venture capital exemption).
- Website
- https://www.4dxventures.com/
- HQ
- NY
4DX Ventures is a venture firm that invests early and with conviction in technology companies in Africa, combining research, a global network and local perspective. Its team includes co-founders and managing partners Walter Baddoo and Peter Orth. Its portfolio spans areas such as payments, online marketplaces, logistics, healthcare, online learning and digital investing, including companies like Flutterwave, Andela, Bosta and Thndr.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Pre-seed, Seed, Series A | Not enough dated deals | Series A, Seed |
| Sectors | Not stated | Not enough dated deals | Biotech, Healthtech |
| Regions | Not stated | Not enough dated deals | CA |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2014 | 1 | Enterprise SaaS, HR and future of work |
| 2015 | 1 | Biotech, Healthtech |
| 2016 | 1 | Devtools, Fintech |
| 2017 | 2 | Biotech, Hardware, Healthtech |
| 2018 | 3 | Devtools, Fintech, Hardware |
| 2019 | 3 | Aerospace and defense, Biotech, Ecommerce |
| 2020 | 2 | Aerospace and defense, Logistics |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2014 | 0 | 1 | 0 | 0 | 0 |
| 2015 | 0 | 1 | 0 | 0 | 0 |
| 2016 | 0 | 1 | 0 | 0 | 0 |
| 2017 | 0 | 1 | 1 | 0 | 0 |
| 2018 | 0 | 0 | 3 | 0 | 0 |
| 2019 | 0 | 1 | 1 | 1 | 0 |
| 2020 | 0 | 0 | 2 | 0 | 0 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 0 |
| 2026 | 0 | 0 | 0 | 0 | 0 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| 4DX Ventures III, L.P. 4DX Ventures invests early and with conviction in technology companies in Africa, backed by research, a global network and local perspective. The firm focuses on pre-seed, seed and Series A stages and partners with founders building companies that address foundational and transformational problems. Inferred from the firm's website | 2025 | $4.25M to $34M (Form D) | Open, writing first checks |
| 4DX Ventures III, L.P. 4DX Ventures invests early and with conviction in technology companies in Africa, backed by research, a global network and local perspective. The firm focuses on pre-seed, seed and Series A stages and partners with founders building companies that address foundational and transformational problems. Inferred from the firm's website | 2022 | $48.91M to $80M (Form D) | Late investment period |
| 4DX Ventures III-A, L.P. 4DX Ventures invests early and with conviction in technology companies in Africa, backed by research, a global network and local perspective. The firm focuses on pre-seed, seed and Series A stages and partners with founders building companies that address foundational and transformational problems. Inferred from the firm's website | approx. 2022 | $20M (Form D) | Late investment period |
| 4DX Ventures II, L.P. | 2021 | $56.63M to $60.5M (Form D and SEC adviser filing) | Follow-ons only |
| 4DX Ventures II-A, L.P. | approx. 2021 | $5M (Form D) | Follow-ons only |
03 · People across funds
- Daniel Marlo, Managing Partner
4DX Ventures III, L.P. (Named on Form D); 4DX Ventures III, L.P. (Named on Form D); 4DX Ventures III-A, L.P. (Named on Form D); 4DX Ventures II, L.P. (Team); 4DX Ventures II-A, L.P. (Team)
- Peter Orth, Co-Founder & Managing Partner
4DX Ventures III, L.P. (Named on Form D); 4DX Ventures III, L.P. (Named on Form D); 4DX Ventures III-A, L.P. (Named on Form D); 4DX Ventures II, L.P. (Named on Form D); 4DX Ventures II-A, L.P. (Named on Form D)
- Raaid Ahmad, Managing Member of the General Partner of the Issuer
4DX Ventures III, L.P. (Named on Form D); 4DX Ventures III-A, L.P. (Named on Form D)
- Walter Baddoo, Co-Founder & Managing Partner
4DX Ventures III, L.P. (Named on Form D); 4DX Ventures III, L.P. (Named on Form D); 4DX Ventures III-A, L.P. (Named on Form D); 4DX Ventures II, L.P. (Named on Form D); 4DX Ventures II-A, L.P. (Named on Form D)
- Harriet Adinkrah, Investment Manager
4DX Ventures III, L.P. (Team); 4DX Ventures III, L.P. (Team); 4DX Ventures III-A, L.P. (Team); 4DX Ventures II, L.P. (Team); 4DX Ventures II-A, L.P. (Team)
- Karim Seif, Investment Associate
4DX Ventures III, L.P. (Team); 4DX Ventures III, L.P. (Team); 4DX Ventures III-A, L.P. (Team); 4DX Ventures II, L.P. (Team); 4DX Ventures II-A, L.P. (Team)
- Kingsley Otchere, Investment Associate
4DX Ventures III, L.P. (Team); 4DX Ventures III, L.P. (Team); 4DX Ventures III-A, L.P. (Team); 4DX Ventures II, L.P. (Team); 4DX Ventures II-A, L.P. (Team)
- Ziad Bazzan, Principal
4DX Ventures III, L.P. (Team); 4DX Ventures III, L.P. (Team); 4DX Ventures III-A, L.P. (Team); 4DX Ventures II, L.P. (Team); 4DX Ventures II-A, L.P. (Team)
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
- https://www.4dxventures.com/
- https://www.4dxventures.com/contact
- https://www.4dxventures.com/team
- https://www.4dxventures.com/portfolio
- https://www.4dxventures.com/about
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026