Naspers shuts down Foundry, its $100M fund focused on South African startups

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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

Naspers shuts down Foundry, its $100M fund focused on South African startups

2023-03-13 22:04

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