Thank you for approaching IDF Capital.
Before we can start you need to sign up for an IDF Online Portal account. This is a short and simple process and only requires that you have a valid email address. Once the email address has been validated you can sign-in, and create a new application, continue with an existing application or view status updates on submitted applications.
What is the black ownership that is required for the funding?
We fund 51% black-owned businesses. For this call to entry, we are specifically looking for 51% black women-owned businesses.
What is the minimum operational track record required for the funding?
The minimum operational track record should be 12 months.
What is the minimum turnover required for the funding?
The minimum turnover of the enterprise should be R1.2 million per annum.
What funding instruments are available for this call to entry?
Only businesses looking for equity funding or quasi-equity are to be considered.
What equity stake is the funder taking in the businesses?
This is negotiable and depends on the outcome of the due diligence and the pricing agreed to between the funder and the entrepreneur.
How long will the equity be held for?
This all depends on the outcome of the due diligence and as agreed upon signing the Term Sheet Equity can be held for up to 5 years from the date of first disbursement.
What are the minimum and maximum funding amounts?
Minimum amount is R3m and maximum amount is R10m.
Which sectors is the fund particularly interested in?
You refer to high growth, scalable businesses. What does this mean?
When a business is scalable, it means the business is able to expand a business model and grow its revenues significantly without necessarily increasing its cost base.
What if I do not meet the one of the above minimum funding requirements but I require debt financing?
IDF Capital has a suite of products for funding. You may visit our website and submit your initial application through our portal to be considered for debt financing.
What value-add does the fund provide considering the equity stake requirement?
We have a dedicated Post Investment and Value Add Services (PIVAS) department who drive interventions aimed at ensuring optimal performance, growth and sustainability of investee companies.