Page 3 - Naspers Foundry News Today

Naspers has winded down the operations of its $100 million South Africa-focused venture capital fund Naspers Foundry after three years.

Naspers has shut down its SA-focused tech investment vehicle Foundry, with these investments set to be managed by its corporate team, while local start-up opportunities will be considered, but along with their global counterparts.



Planet42, an African mobility startup that buys used cars from dealerships and rents to customers, gets $100 million in equity and debt.

Entrepreneurship has been hailed by many as the way forward and a great way to boost an ailing economy.

Naspers Limited (JSE: NPN) (LSE:NPSN) has announced a solid set of results for the first half of the year. Despite a turbulent period during which industry growth expectations and valuations came under

South Africa's biggest VC fund, valued at $100 million, has only graduated one woman of color and three persons of colour founders in 3 years.

SweepSouth, an online home services platform with presence across Africa, today announced that it has completed an US$11m investment round led by Alitheia IDF (AIF), Africa’s first and largest gender-lens private equity fund.

Months after foodtech Kune shut down for similar reasons, another Kenyan startup, Sky.Garden, is facing closure. In termination letters to employees, the CEO revealed that the company was running out of money & would close down in October.

SweepSouth has received Ksh. 1.3 billion (US $11 million) in funding in an investment round that was led by private equity fund, Alitheia IDF

Cape Town-based on-demand home cleaning and services platform SweepSouth has raised a further $11-million in funding.