DFS Lab | Activity | F4

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Team Portfolio Raise Champions Essays

F4/DFS Lab/Activity

DFS Lab Activity

Every public signal F4 has attached to this firm, with sources and cross-entity links.

Types

Time range

Exit

Portfolio company Orda was acquired by Moniepoint to expand business management solutions for food service businesses.

Orda Africa

Orda AfricaDFS Lab

orda.africaMAR 23, 2026

moniepoint.com

MAR 23, 2026

Essay

Stephen Deng analyzed 2025 African venture trends showing funding stagnation and emerging AI era opportunities.

African Venture Funding Trends in 2025: Stagnation and the AI Era

linkedin.comJAN 14, 2026

JAN 14, 2026

Investment

Participated in Terra Industries' $11.75M funding round for autonomous security systems protecting African critical infrastructure.

Terra Industries

Terra Industries DFS Lab

techdigest.ngJAN 12, 2026

JAN 12, 2026

News

Launched IDEI project funded by Gates Foundation to measure digital economy inclusion metrics in Africa.

Inclusive Digital Economy Indicators (IDEI) Project

linkedin.comJAN 5, 2026

JAN 5, 2026

Essay

Published research on how onboarding programs help micro and small enterprises sell online, including business-skills support, platform pathways, and systemic gaps.

Micro and Small Enterprises onboarding programs for online selling

dfslab.netJUL 25, 2025

JUL 25, 2025

Investment

Invested in Borderless, a diaspora collective investment platform for African startups and real estate. Raised $500K in pre-seed funding.

Borderless

BorderlessDFS Lab

techcrunch.comJUN 19, 2025

app.dealroom.co

JUN 19, 2025

Investment

Participated in Stable Sea's $3.5M funding round for stablecoin liquidity and off-ramping infrastructure.

Stable Sea

Stable SeaDFS Lab

finsmes.comMAR 19, 2025

MAR 19, 2025

Essay

Stephen Deng published a comprehensive thesis on why African tech adoption curves differ from Silicon Valley, with longer tails and steeper slopes. Core to DFS Lab's investment philosophy.

Africa's S Curves: The unique shape of the African tech opportunity

medium.comJUL 15, 2024

JUL 15, 2024