Prosus & Naspers

Prosus N.V., alongside its South African parent company Naspers, stands as one of the world's preeminent global consumer internet groups and technology investors. Headquartered in Amsterdam, Prosus holds the international internet assets of Naspers, operating as a distinct entity listed on Euronext Amsterdam and the Johannesburg Stock Exchange. This strategic structure allows the group to focus on high-growth markets and disruptive technologies across the globe. Their investment philosophy is characterized by a long-term horizon, often taking significant minority or majority stakes in companies with strong market positions and scalable business models.

The group's investment strategy is broad yet focused on consumer internet sectors, including online classifieds, food delivery, payments and fintech, and education technology. Prosus is renowned for its early and highly successful investment in Tencent, which remains a cornerstone of its portfolio. Beyond this flagship holding, Prosus actively builds and invests in a diverse portfolio of companies, aiming to capitalize on the digital transformation of various industries. They are known for their hands-on approach, providing strategic guidance and operational expertise to their portfolio companies.

Prosus and Naspers typically target growth-stage companies that have demonstrated product-market fit and are poised for significant expansion. While their ventures arm may engage in smaller, earlier-stage deals, the core group's typical first cheque for a strategic investment in a growth company generally ranges from tens of millions to hundreds of millions of dollars. For instance, in the fiscal year ending March 31, 2023, Prosus and Naspers collectively invested approximately $1.2 billion into their portfolio companies, demonstrating their continued commitment to deploying substantial capital. Their net asset value (NAV) stood at approximately $106 billion as of September 30, 2023, underscoring their immense financial capacity and global influence in the technology investment landscape.