Naspers reportedly shuts down its R1.4 billion early-stage technology investment vehicle Naspers Foundry. startups NaspersFoundry TechInvestment Naspers
its commitment to driving increased growth in SA’s technology sector through a R45 million investment in online learning platform The Student Hub.The Student Hub increases access to vocational education to large numbers of students, while reducing the costs of delivery of education and training.
The investment was part of a R201 million funding round led by Naspers Foundry, Cathay AfricInvest Innovation Fund and SBI Investment. The start-up licenses these mobility datasets to governments, development finance institutions, NGOs, operators and third-party solution developers for the purpose of research, analytics, insights, and consumer and enterprise solutions.in the Ctrl digital short-term insurance advice platform, which was founded in 2017.
In total, Naked received R160 million, with Naspers leading the round. Existing Naked investors, Yellowwoods and Hollard, also participated in the funding round, contributing R40 million.The investment was part of a R91 million equity round led by Naspers Foundry, alongside existing investors Change Ventures and Startup Wise Guys.
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