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) South Africa-focused venture capital fund Naspers Foundry, according to local news outlet BusinessDay. According to the report, the firm, which is taking this approach as venture capital takes a hit globally, will maintain the investments, […]

Naspers shuts down Foundry, its $100M fund focused on South African startups by Tage Kene-Okafor originally published on TechCrunch