Naspers Foundry
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Funding
Eskom’s $10B Pension Fund will Diversify into Venture Capital
According to an official, the Eskom Pension and Provident Fund intends to diversify into venture capital to reduce its reliance on traditional investments. The…
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News
Naspers Shuts Down Foundry, its $100M Fund Focused on South African Startups
Naspers, Africa’s most valuable tech company by market capitalization, has winded down the operations of its R1.4 billion (≈$100 million)…
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Daily Digest
Daily Digest Wednesday 22 December 2021
Kenyan Tech Startup Wowzi Raises US$3.2m For Expansion Across Africa The round was led by 4DX Ventures with participation from To.org,…
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Insurance changes for good: Naked raises US$11mn in funding
Since day one, our mission has been to build insurance that people love. We are still early in our journey…
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InsurTech Startup, Ctrl, Lands US$2.3mn
South African digital insurance advice platform, Ctrl has landed a US$2.3 million (R34 million) investment from Naspers Foundry. The investment is part of…
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South African Startup, WhereIsMyTransport, raises 14.5 million for operational expansion
South African startup WhereIsMyTransport has announced that it raised $14.5 Million Series A Extension to Continue Expansion in Emerging Markets;…
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South Africa’s Edtech Startup, HyperionDev, Secures $2mn
HyperionDev, a Cape Town-based online code course developer, has raised $2mn through its equity crowdfunding campaign on Crowdcube. At the same time,…
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South Africa’s The Student Hub Raises $2.9m From Naspers Foundry
One advantage startups in South Africa have over their African peers is the increasing roles of corporate venture capital in the country’s…
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Naspers Foundry Invests In The Food Service Industry, With Stake In Food Supply Network
Naspers Foundry, the venture capital subsidiary of the South African group Naspers, has concluded its third deal with an undisclosed…
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Naspers Foundry invests R100 million in agritech business, aerobotics
Naspers announced a R100 million investment in agritech business Aerobotics, through its early-stage business funding initiative Naspers Foundry. Aerobotics is…
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