Funds
Financial institution World Bank Group’s International Finance Corporation (IFC) subsidiary has proposed $10m in financing for Techxila Fund II, a fund launched by Fatima Gobi Ventures, the venture capital fund Pakistani conglomerate Fatima Group co-runs with VC firm Gobi Partners.
Naspers Foundry, the ZAR1.4bn ($100m) domestically focused VC fund set up by South Africa-based internet and publishing group Naspers, has ceased operations, BusinessDay reported. The unit’s nine active portfolio companies will be maintained through Prosus Ventures, the venture arm of Naspers’ Amsterdam-listed e-commerce affiliate, Prosus, which will also make follow-on investments.
Funding
Zedify, the UK-based operator of a courier service that uses electric bicycles, has raised £5m ($6.1m) from investors including banking firm Barclays’ Sustainable Impact Capital fund. The round also featured Mercia Asset Management’s MEIF Proof of Concept & Early Stage Fund as well as Green Angel Syndicate.
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Secuvy | Data privacy and security compliance platform | IT | US | N/A | N/A | 17/03/2023 | Dell (Dell Technologies Capital) (lead); WestWave Capital, Z5 Capital |
| Colibri Energy | Lithium battery manufacturer | Energy and Natural Resources | Germany | N/A | N/A | 20/03/2023 | ABN Amro (ABN Amro Sustainable Impact Fund), Nabtesco Corporation; Emerald Technology Ventures |
