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Naspers Shuts Down $77M Foundry Fund

Naspers has announced the closure of its locally-focused venture capital fund Naspers Foundry, citing the “global investment environment” as the reason. The firm will maintain its investments, including writing follow-on checks. Its…

Planet42 Raises $100m Funding Round

Planet42 has raised US$100 million in combined equity and debt funding to help it accelerate its expansion. The US$15 million equity round was co-led by Naspers and ARS Holdings, with participation from existing and new shareholders,…