---
title: "Industrial Development Corporation"
description: "Industrial Development Corporation of South Africa Limited (IDC) is a state owned national development finance institution established in 1940 through an Act of Parliament. It is wholly owned by the South African government and headquartered in Sandton, Gauteng, with its registered office at 19 Fredman Drive, Sandown. IDC provides financing to support industrial development and broader economic growth, with a mandate to promote balanced and sustainable economic development in South Africa and the rest of Africa. The corporation operates as a self financing institution and invests across multiple stages, including seed, early, and growth rounds, as reflected in its participation in seed, Series A, Series B, and other funding rounds for companies in South Africa. Within Africa, IDC has been active in South Africa based investments in technology enabled sectors such as fintech and artificial intelligence and analytics. Confirmed transactions include multiple rounds backing Nomanini, a South African fintech company that connects banks and fast moving consumer goods companies to informal retailers, and DataProphet, a South African AI company that helps factories turn production data into measurable process gains. These activities illustrate IDC’s role in supporting industrial and financial innovation in the region."
canonical_url: "https://liners.com/investors/industrial-development-corporation"
markdown_url: "https://liners.com/investors/industrial-development-corporation.md"
type: "investor"
language: "en"
image: "https://assets.liners.com/storage/v1/object/public/media/investors/industrial-development-corporation/favicon.png?v=1785330082689"
updated_at: "2026-07-29T13:01:22.690Z"
---

# Industrial Development Corporation

Industrial Development Corporation of South Africa Limited (IDC) is a state owned national development finance institution established in 1940 through an Act of Parliament. It is wholly owned by the South African government and headquartered in Sandton, Gauteng, with its registered office at 19 Fredman Drive, Sandown. IDC provides financing to support industrial development and broader economic growth, with a mandate to promote balanced and sustainable economic development in South Africa and the rest of Africa. The corporation operates as a self financing institution and invests across multiple stages, including seed, early, and growth rounds, as reflected in its participation in seed, Series A, Series B, and other funding rounds for companies in South Africa. Within Africa, IDC has been active in South Africa based investments in technology enabled sectors such as fintech and artificial intelligence and analytics. Confirmed transactions include multiple rounds backing Nomanini, a South African fintech company that connects banks and fast moving consumer goods companies to informal retailers, and DataProphet, a South African AI company that helps factories turn production data into measurable process gains. These activities illustrate IDC’s role in supporting industrial and financial innovation in the region.

## Breadcrumbs

- [Investors](/investors)
- [Industrial Development Corporation](/investors/industrial-development-corporation)

## Summary

Industrial Development Corporation of South Africa Limited (IDC) is a state owned national development finance institution established in 1940 through an Act of Parliament. It is wholly owned by the South African government and headquartered in Sandton, Gauteng, with its registered office at 19 Fredman Drive, Sandown. IDC provides financing to support industrial development and broader economic growth, with a mandate to promote balanced and sustainable economic development in South Africa and the rest of Africa. The corporation operates as a self financing institution and invests across multiple stages, including seed, early, and growth rounds, as reflected in its participation in seed, Series A, Series B, and other funding rounds for companies in South Africa. Within Africa, IDC has been active in South Africa based investments in technology enabled sectors such as fintech and artificial intelligence and analytics. Confirmed transactions include multiple rounds backing Nomanini, a South African fintech company that connects banks and fast moving consumer goods companies to informal retailers, and DataProphet, a South African AI company that helps factories turn production data into measurable process gains. These activities illustrate IDC’s role in supporting industrial and financial innovation in the region.

## Recorded investments

| Product | URL | Stage | Amount | Date |
| --- | --- | --- | --- | --- |
| DataProphet | /dataprophet | Series A | 10000000 | 2022-08-01T00:00:00.000Z |
| DataProphet | /dataprophet | Series A | 6000000 | 2020-08-01T00:00:00.000Z |
| Nomanini | /nomanini | Series B | 450000 | 2014-08-01T00:00:00.000Z |
| Nomanini | /nomanini | Other | 449100 | 2014-08-01T00:00:00.000Z |
| Nomanini | /nomanini | Seed | 450000 | 2011-08-01T00:00:00.000Z |

## Related pages

- [All investors](/investors)
- [Funding rounds](/funding)

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