INSUBCONTINENT EXCLUSIVE:
its first investment in online cleaning services company SweepSouth.The funding initiative also has a new leader, Phuthi Mahanyele-Dabengwa,
that have an impact in South Africa
We look for these opportunities all around the country, to the extent that they have South African founders or have a marketplace in South
table, for now, but could be at some point
application call on its website open to any startup that meets specific criteria.Heading up review of online investment applications is
Mahanyele-Dabengwa points to her market experience.She comes to head Naspers Foundry after several finance capital positions, including
founding and running Sigma Capital Group, a Johannesburg-based private equity fund
allocation, Naspers Foundry will make investments over a three-year period
largest tech investors.Aside from operating notable internet, video and entertainment platforms, Naspers has made significant investments in
year after a $32 million investment in 2001.The company recently carved out a new holding company, called Prosus NV, to relist a portion of
investments, Nigerian e-commerce startup Konga, was sold in a distressed acquisition in 2018.The company recently added around $70 million
competitive tech landscape.The country was previously an unquestioned leader and outlier on the continent for its tech scene and VC
financing lead back toward South Africa.
