TIMELINE | Naspers Foundry has invested R700m in 12 businesses since 2019 | Businessinsider

2022/06/27 22:56:00

TIMELINE | Naspers Foundry has invested R700m in 12 businesses since 2019

TIMELINE | Naspers Foundry has invested R700m in 12 businesses since 2019

Naspers Foundry has invested R700m in 12 businesses since 2019. It hints that more investments are on the way.

Naspers Foundry has invested R700 million in 12 businesses since 2019.Of those 12 businesses, it invested in 10 in the past financial year.Naspers Foundry says it has"a healthy pipeline of prospects for the coming year."For more stories 

go to www.BusinessInsider.co.za.Naspers Foundry, the division of Naspers set up in 2019 to invest in early-stage technology companies, has so far has invested about R700 million in 12 businesses.Most of these investments were made in the financial year to end March 2022, and that it has"a healthy pipeline of prospects for the coming year".

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Tencent falls 2.5% as Prosus, Naspers say to gradually sell sharesDutch technology investment company Prosus_Ventures and its controlling shareholder Naspers said on Monday they intend to sell down their enormous stake in Chinese software giant TencentGlobal. Moneyeweb Prosus Naspers

Naspers selling off Tencent sharesNaspers attributes the decline in headline earnings due to a period of slower growth at Tencent.

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Nasper Foundry is ready to invest Naspers Foundry has invested R700 million in 12 businesses since 2019.Shares of Chinese internet gaming and social media giant Tencent gave up early gains to fall as much as 2.Tencent adapted to regulatory changes in China, which crackdown on technology companies.Subscribe Naspers’ empire extends from its ecommerce and media holdings in South Africa to indirect ownership of some of the world’s biggest game studios.

Of those 12 businesses, it invested in 10 in the past financial year. Naspers Foundry says it has"a healthy pipeline of prospects for the coming year.60 in the early afternoon, after Prosus and Naspers said they would gradually sell shares in the firm." For more stories  go to www.BusinessInsider.2% in morning trade to HK$400.co.7 billion (R169.

za . The stock last traded down 1. Naspers Foundry, the division of Naspers set up in 2019 to invest in early-stage technology companies, has so far has invested about R700 million in 12 businesses. Most of these investments were made in the financial year to end March 2022, and that it has"a healthy pipeline of prospects for the coming year". Read: What to look for in the upcoming results from Naspers and Prosus The Hang Seng Tech Index rose 2. This focus on investing in emerging businesses comes as the tech ecosystem in South Africa has started to gain traction. This can be seen in the value of deals being concluded rising from $259 million in 2020 to over $832 million in 2021, according to the 2021 Africa Tech Venture Capital Report by Partech Africa.HSI surged 2.” Sgourdos said their operations remain strong.

Naspers notes in its 2022 annual report that"both the quantity and quality of investable opportunities are increasing." Given the opportunities now available, Naspers Foundry has bolstered its team. Dutch technology investment company Prosus and its controlling shareholder Naspers of South Africa said on Monday they intend to sell down their enormous stake in Chinese software giant Tencent to fund a share purchase programme. "We have added capacity and functional expertise, and optimised processes so that we can increase both the volume and speed of our investment while continuing to give the same level of support to our portfolio companies." Naspers Foundry . Naspers spiked more than 16%, trading at around R2 223 a share, while Prosus surged over 14% to above R1000 a share.