Futuregrowth Asset Management, a South African fixed-income money manager with R193-billion of assets, is raising a fund to invest in start-ups.
Browsing: Naspers Foundry
Africa’s technology-dominated start-ups will continue to attract investment, even if at a slower pace, following record venture capital funding last year.
Naspers, through its Naspers Foundry investment arm, is leading a R53-million series-A funding round in South African fintech start-up LifeCheq.
Naspers Foundry said on Tuesday that it will invest R15-million in Cape Town-based Floatplays, an “on-demand earned wage access platform”.
Naspers Foundry has invested R54-million in car subscription company Planet42 as part of a R91-million total equity funding round.
SweepSouth, the on-demand home cleaning company backed by Naspers, has acquired 100% of FilKhedma, an Egyptian start-up.
Naspers, through its Naspers Foundry investment business, is leading a R160-million series-A funding round in South African fintech start-up Naked Insurance.
Naspers, through its Foundry start-up investment business, said on Wednesday that it is investing R34-million in Ctrl, a digital short-term insurance marketplace that connects consumers, brokers and insurers.
Naspers is participating in a R201-million funding round involving Cape Town-founded start-up WhereIsMyTransport, along with fellow investors Cathay AfricInvest Innovation Fund and SBI Investment.
Cape Town-founded agritech start-up Aerobotics has raised $17-million in a series-B funding round led by Naspers.