Industrial Development Corporation

General contacts
Investor type

VC

Founded

1940

AUM

$8 000 M

Location

Sandton, Gauteng, South Africa

Investment Ticket

$10-50 m

Investment Stage

Seed Series B Series A

Region of investment

Africa
Investor profile last updated: 25 August, 2026

Profile

The Industrial Development Corporation of South Africa Limited (IDC) was established in 1940 by an Act of Parliament (Industrial Development Corporation Act, No. 22 of 1940). The IDC was mandated to develop domestic industrial capacity, specifically in manufactured goods, to mitigate the disruption of trade between Europe and South Africa during the Second World War.

For more than 70 years the IDC has contributed to the implementation of South Africa's industrial policy and has established, among others, the petro-chemicals and minerals beneficiation industries. We have stimulated large industrial projects in these industries - acknowledged today as the cornerstones of the country's manufacturing sector - and influenced the establishment of industries in fabricated metals, agriculture and clothing and textiles.

The IDC's funding is generated through income from loan and equity investments and exits from mature investments, as well as borrowings from commercial banks, development finance institutions (DFIs) and other lenders.

We align our priorities with government's policy direction and remain committed to developing the country's industrial capacity, as well as playing a major role in facilitating job creation through industrialisation.

Industry

Automotive Agriculture Healthcare Services Media and Entertainment Pharmaceuticals Financial Services Fintech Food and Beverage Foodtech Industrial Medical Devices Metals and Mining Other Transportation MedTech Life Sciences Infrastructure Energy HealthTech

Industrial Development Corporation Funds

Name Type
Questionare
Industry
Questionare
Stage
Questionare
Region 		Size AUM Launch date
IDC Gro-E Scheme
Fund of funds
Agriculture
Financial Services
Fintech
Infrastructure
Energy
Seed
Series A
Series B
Africa
$5-10 m
—
November 2000

Contacts

Name
Title
Email
Social Networks
avatar
Isaac Nkululeko Malevu Chief Financial Officer
Chief Financial Officer
i•••@•••
LinkedIn
avatar
Rami Joseph Legodi Senior Legal Advisor
Senior Legal Advisor
r•••@•••
LinkedIn
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FAQs about Industrial Development Corporation

Industrial Development Corporation is a venture capital firm. It backs companies at Seed, Series B and Series A, writing tickets of $10-50 m.
Industrial Development Corporation is located in Sandton, Gauteng, South Africa.
Industrial Development Corporation was founded in 1940.
Industrial Development Corporation invests in companies and startups in Automotive, Agriculture, Healthcare Services, Media and Entertainment, Pharmaceuticals, Financial Services, Fintech, Food and Beverage, Foodtech, Industrial, Medical Devices, Metals and Mining, Other, Transportation, MedTech, Life Sciences, Infrastructure, Energy, HealthTech.
Industrial Development Corporation invests in companies and startups in Africa.
Industrial Development Corporation invests in companies and startups at Seed, Series B, Series A.
Industrial Development Corporation usually invests $10-50 m on average.
Industrial Development Corporation has around $8 000m assets under management.
Industrial Development Corporation last fund was created/launched in 2000-11-10
Industrial Development Corporation can be reached through its website idc.co.za, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Industrial Development Corporation — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
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Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 25 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.