Naspers Shuts Down Foundry, Its $100 Million Fund Focused on South African Startups
Naspers, Africa’s most valuable tech company by market capitalization, has wound down the operations of its R1.4 billion (≈$100 million) South Africa-focused venture capital fund Naspers Foundry, according to local news outlet BusinessDay.
Photo courtesy of JeongGuHyeok.
Source: TechCrunch (link opens in a new window)
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- Investing, Technology
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- failure, startups, venture capital
