Naspers
Venture Capital

Naspers Shuts Down Naspers Foundry, its SA Focused VC Arm

Naspers has shut down Naspers Foundry, its $100 million South Africa-focused venture capital fund. Despite the closure, Naspers says it

Planet42
Funding Investment Mobility Venture Capital

South Africa’s Planet42 Raises US$100m to Accelerate Global Expansion

Planet42, the car subscription startup addressing transport inequality by putting cars in the hands of people who cannot access traditional

Funding Investment Venture Capital

Naspers Foundry Leads $3.3m Series A Investment in LifeCheq

Naspers, through its early-stage tech investment vehicle Naspers Foundry, has led a $2.5 million investment in LifeCheq, a fintech platform empowering

OLX
Ecommerce

Classified Ecommerce Platform OLX Closes Shop in South Africa

OLX, a classified ecommerce platform, has been shut down in South Africa. Visitors to the platform’s website were greeted with

Planet42
Funding Investment Mobility Venture Capital

South Africa’s Planet42 Raises $30m in Equity and Debt Funding

Planety42, a South African car subscription platform, has raised $30 million in equity and debt funding. The $5.8 million equity

Funding Insurtech Investment Startup Venture Capital

Naspers Foundry Leads $11m Series A Investment in Insurtech Startup, Naked

Naspers, through its early-stage tech investment vehicle Naspers Foundry, announced a US$8.3 million investment in Naked, the artificial intelligence (AI)-driven insurtech company that offers

Ctrl
Insurtech

SA Digital Insurance Advice Startup Ctrl Secures $2.3m Investment From Naspers Foundry

Ctrl, the South African digital insurance advice platform, has raised a R34 million ($2.3 million) investment from Naspers Foundry. The

Funding Investment Mobility Transport Venture Capital

SA Mobility Startup WhereIsMyTransport Raises $14.5m Investment Led by Naspers

WhereIsMyTransport, a South African mobility startup, has raised a $14.5 million funding round led by Naspers Foundry with $3 million.

Acquisition

Naspers’ Prosus Acquires Stack Overflow For US$1.8 billion

Naspers-controlled internet investment firm Prosus, announced today that it has entered into a definitive agreement to acquire Stack Overflow, a

The Student Hub
Edtech Funding

South African Edtech Startup, The Student Hub Secures $2.9m Investment From Naspers

The Student Hub, a South African edtech startup, has secured $2.9 million from Naspers Foundry, Naspers’s R1.4 billion early-stage tech