MTN Group, a South Africa-based telecoms group, has become the cornerstone investor in the Amadeus IV Digital Prosperity Fund, which is the latest fund raised by venture capital firm Amadeus Capital Partners, taking it to a $75m first close.
The fund will see Amadeus invest in late stage venture and growth companies in mature markets, which are developing software designed to be used by the middle classes of Africa, the Middle East, Asia and Latin America.
The fund will…
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