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Meet the exciting companies Naspers Foundry invested in over the last two years (VIDEO)

Announcements, 18 February 2021

Meet the exciting companies Naspers Foundry invested in over the last two years (VIDEO) Launched in 2019, Naspers Foundry is a R1.4 billion South Africa-focused startup vehicle that helps talented and ambitious South African technology entrepreneurs develop and grow businesses that improve people’s daily lives. 
 
Since its inception, Naspers Foundry has invested approximately R200 million in four exciting tech companies: SweepSouth, Aerobotics, Food Supply Network, and The Student Hub. 
 
Hear why the founders of these companies partnered with Naspers Foundry, and how it helps them achieve their goals. Find out how the funding enabled them to expand and make a difference in the lives of the people they reach. And discover how Naspers Foundry is helping to build the local tech ecosystem and contributing to economic growth while continuing to address big societal needs. 
 
Watch the video here: 
 
https://vimeo.com/512903813 
  
About Naspers Foundry
Naspers Foundry is an early-stage business funding initiative focused on technology entrepreneurs in South Africa.  
 
In June 2019, Naspers Foundry invested R30 million in SweepSouth, an online home and business cleaning services platform that connects clients with trusted, reliable cleaners. 
Visit www.sweepsouth.com for more information.  
 
In May 2020, Naspers Foundry invested a further R100 million in Aerobotics, an agritech company that provides tree crop health and yield intelligence data to the agricultural industry using drone and satellite-enabled AI technology.  
Visit www.aerobotics.com for more information.  

In September 2020, Naspers Foundry closed a transaction in Food Supply Network on undisclosed terms. The independent B2B marketplace integrates ordering systems of manufacturers, distributors, and buyers (restaurants, hotels and retailers) of food products.
Visit www.foodsupply.co.za for more information. 
 
In November 2020, Naspers Foundry invested R45 million in The Student Hub, an online learning platform that increases access to vocational education to large numbers of students whilst reducing the costs of delivery of education and training. 
Visit www.thestudenthub.co.za for more information. 

About Naspers
Established in 1915, Naspers has transformed itself to become a global consumer internet company and one of the largest technology investors in the world. Through Prosus, the group operates and invests globally in markets with long-term growth potential, building leading consumer internet companies that empower people and enrich communities. Prosus has its primary listing on Euronext Amsterdam, and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus.  
In South Africa, Naspers is one of the foremost investors in the technology sector and is committed to building its internet and e-commerce companies in the country. These include Takealot, Mr D Food, Superbalist, OLX, Autotrader, Property24 and PayU, in addition to Media24, South Africa’s leading print and digital media business.  
Naspers is also focused on stimulating South Africa’s local tech sector through Naspers Foundry. This is a R1.4 billion investment targeting early-stage technology companies in South Africa that seek to address big societal needs.
To help address youth unemployment in impoverished communities, in 2019, Naspers launched Naspers Labs, a social impact programme for young, unemployed South Africans aged between 17 and 25. Located in historically disadvantaged communities, Naspers Labs provides youth with the training and confidence to pursue tech careers. 
Naspers has a primary listing on the Johannesburg Stock Exchange (NPN.SJ) and a secondary listing on the A2X Exchange (NPN.AJ) in South Africa and has an ADR listing on the London Stock Exchange (LSE: NPSN). 
For more information, please visit www.naspers.com. 
 

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