DPI closes $112 million Nclude fund with 93% of capital from Africa

DPI Venture Capital, the early-stage arm of Development Partners International—a private equity firm managing more than $3 billion in assets across Africa—has reached a final close of over $112 million for its Nclude Fund. Ashley Lewis, managing partner and head of DPI Venture Capital, told TechCabal that virtually all the capital was committed by financial services institutions, with 93% originating from within Africa. By comparison, African investors supplied just 37% of the funding secured by