4DX Ventures Announces $60M Second Fund
Gunderson Dettmer represented client 4DX Ventures in the formation of its $60 million second fund, 4DX Ventures II. The new capital will be invested towards Pre-seed to Series B companies across the Pan-African region.
In the announcement of the transaction, Founding Partner of 4DX Ventures Walter Baddoo said, “Our goal is ultimately to invest in companies that are building products that solve foundational problems on the continent and also in the largest markets because the size of the market matters quite a bit for the potential outcome of companies. And so we love when folks are building products in markets that are truly large, and potentially give the companies that opportunity to have a pretty dramatic growth path throughout their lifecycle.”
The Gunderson deal team was led by partners Charles Glass and Jace Clegg and associates Alexander Chang, Tina Xu, and Sasha Benincasa.