Naspers shuts down Foundry, its $100M fund focused on South African startups
Naspers has winded down the operations of its $100 million South Africa-focused venture capital fund Naspers Foundry after three years.
Stay updated with breaking news from Naspers Foundry. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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