“Connect people, ideas, and capital to create a thriving African continent and a vibrant global community”
4DX Ventures is a Pan-African venture capital firm built as a bridge between US capital and African innovation. Co-founded in 2017 by Walter Baddoo (born and raised in Accra, Ghana; former Morgan Stanley) and Peter Orth (former Bridgewater Associates and JPMorgan Chase), the firm operates from New York with on-the-ground offices in Accra, Cairo, and Nairobi. The diaspora angle is embedded in the firm's DNA, and the team explicitly aims to channel global institutional capital toward founders solving foundational problems across the continent.
The firm has invested in 50+ portfolio companies operating across 20+ countries, and those companies have collectively raised over $1.2 billion in follow-on funding. Fund III reached a first close of $48.9M in 2024 (topped up to $55M+, targeting $80M final close), anchored by a $10.5M commitment from the IFC. Earlier funds include a $60M Fund II (closed 2021). The portfolio includes some of Africa's highest-profile tech companies: Flutterwave (payments infrastructure, valued at $3B+), Andela (global technical talent), Yoco (South African SME payments), and the MaxAB-Wasoko merger that created Africa's largest B2B e-commerce company.
What sets 4DX apart is its dual positioning. The team combines deep African market knowledge with Wall Street-grade financial sophistication, and they actively help portfolio companies with fundraising, recruiting, business development, and product strategy. Their senior advisory bench includes Karen Karniol-Tambour (Co-CIO at Bridgewater Associates) and Mimi Alemayehou (former OPIC Executive Vice President), giving founders access to a global network that most Africa-focused funds cannot match.
| Name | Role | X/Twitter | |
|---|---|---|---|
| Walter Baddoo | Co-Founder & Managing Partner | Not disclosed | |
| Peter Orth | Co-Founder & Managing Partner | Not disclosed | |
| Daniel Marlo | Managing Partner | @daniel_marlo |
Senior Advisors: Karen Karniol-Tambour (Co-CIO, Bridgewater Associates), Mimi Alemayehou (former OPIC EVP), Jay Zaveri, Kurankye Sekyi-Otu, Sakya Duvvuru.