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How one venture firm is investing in an increasingly fragmented world

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The world today is riven by cultural differences, political divisions, and geopolitical disputes — a challenging environment for any investor hunting for startups that can grow large enough to deliver venture-scale returns.

Kompas VC has developed a regionally sensitive strategy to help it navigate, and invest in, this fragmented world. And it’s putting fresh capital towards this approach with a new €160 million fund ($187.5 million), the firm told TechCrunch.

“We see the world really falling into three main spheres of economic activity, of political activity — the U.S., Europe, and China,” Sebastian Peck, partner at Kompas VC, told TechCrunch. “We certainly see today that these three domains follow very, very different trajectories.”

Kompas has staked its reputation on backing startups that tackle core industrial competitiveness challenges, from manufacturing and supply chains to critical infrastructure and sustainability. Those themes haven’t disappeared, but different regions emphasize them to varying degrees.

“There was a lot of enthusiasm around these themes back in 2021,” Peck said. “In 2026, we’re in a very, very different paradigm. It’s all about AI, it’s all about fast growth, very explosive growth. A lot of big topics that we partially play to but also are not really part of what we stand for.”

“Our focus is in the physical world, anything around producing physical goods,” he added, saying that Kompas focuses on startups working on decarbonization, productivity, and risk management. “We’ve found our niche.”

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Kompas VC partners, from left: Talia Rafaeli, Andreas Winter-Extra, and Sebastian PeckImage Credits:Kompas VC /

That niche turns out to be pretty broad. Reshoring is en vogue in nearly every market, and depending on the startup, those markets typically have more than enough scale for a firm like Kompas.

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Though dwarfed by some venture funds these days, Kompas’s newly raised second fund should give it ample opportunity to lead early stage rounds with checks ranging from €3 million to €5 million. 

As a European fund, Kompas has access to a range of founders and startups in the region. But it must weigh how global fragmentation might limit the potential for some to deliver venture returns. Peck cites prefab housing as an example. The approach is widely used in Scandinavian countries, but it isn’t as common in Germany or the rest of Europe, let alone the United States.

“It feels like such an intuitive solution. It’s a product that is effectively an industrial product. It should be highly scalable,” he said. Ultimately, the reason it doesn’t resonate outside Scandinavia has more to do with “cultural conditioning” than the technology itself, he said. “In that industry, if the U.S. isn’t the market you can go to, you need to look very, very carefully at whether there’s a large enough addressable market.”

The fragmentation extends beyond housing. For example, in Europe, sustainability is still broadly attractive, in contrast to the U.S., where the theme doesn’t have the cachet it did several years ago. 

Still, a lot can change quickly, Peck acknowledges. “We are investing over 10-, 15-year horizons. That’s a few legislative periods to bridge, and sometimes things swing in unexpected directions.”

The shifting landscape poses a challenge, but also an opportunity for a smaller investor like Kompas. “I think there’s a great space for highly focused, highly specialized, smaller funds like ours to be the first check-in and bring sweep up certain themes and certain founders,” Peck said. 

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Malaria Consortium Seeks Stronger Media Partnership Ahead of 2026 SMC Campaign

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The Plateau State Ministry of Health, National Malaria Elimination Programme and Malaria Consortium has engaged media practitioners and key stakeholders ahead of the 2026 Seasonal Malaria Chemoprevention (SMC) campaign to boost public awareness and community participation in the fight against malaria.

The media parley, held at the Crispan Event Centre in Jos, brought together health professionals, development partners and journalists to strategise on the successful implementation of the campaign aimed at protecting children under five from malaria.

Speaking at the event, the Commissioner for Health, Dr. Nicholas Ba’amlong, described the media as a critical partner in malaria elimination, saying sustained public enlightenment remains key to the success of the intervention.

He said Plateau had made remarkable progress in malaria control, with prevalence dropping from 18.8 per cent in 2021 to 2.8 per cent in 2025 due to increased government commitment, effective implementation of the SMC programme and the support of development partners.

“The prevalence rate has dropped from 18.8 per cent in 2021 to 2.8 per cent in 2025, representing about an 87 per cent reduction. It shows that malaria elimination is possible, and with sustained support for the SMC programme, we can achieve zero malaria,” he said.

In his presentation, Project Manager of the IMPACT Project, Nrs. Ndak Andarawus, said the 2026 SMC campaign targets 1,007,652 eligible children across Plateau State.

He disclosed that over 11,500 health workers, supervisors, volunteer drug distributors and community leaders had been mobilised for the exercise, while trained volunteers would administer preventive malaria drugs through house-to-house visits supported by digital monitoring systems to ensure every eligible child is reached.

Andarawus said the programme had contributed significantly to the reduction of malaria prevalence in the state through strong government support, effective partnerships and active community participation.

Project Manager of Malaria Consortium, Dr. Mbwas Mashor, said the media engagement was organised to strengthen collaboration with journalists and stakeholders to improve public awareness and acceptance of the SMC campaign.

He explained that Seasonal Malaria Chemoprevention is a World Health Organisation (WHO)-recommended intervention that provides safe and effective preventive malaria medicines for children aged three to 59 months during the peak malaria transmission season.

“We want the media to strengthen public awareness, promote accurate information and support community acceptance of the SMC campaign so that every eligible child is protected,” Mashor said.

The Permanent Secretary of the Ministry of Health described the media parley as timely and urged journalists to sustain accurate reporting on malaria prevention to improve community participation and campaign success.

Also speaking, SBCC Consultant, Mr. Kaskida Yilyok, said the media plays a vital role in shaping public perception, combating misinformation and encouraging caregivers to ensure eligible children receive the preventive medicines.

Programme Officer, Miss Kachollom Gyang, stressed that safeguarding remains a key component of the SMC programme, saying staff, partners and volunteers are regularly trained to protect children and vulnerable adults from abuse and exploitation.

She added that the programme operates a zero-tolerance policy against abuse and encouraged members of the public to report any safeguarding concerns for prompt investigation.

The Plateau State Chairman of the Nigerian Medical Association (NMA), Dr. Yilji Kumtap, commended the Ministry of Health and the State Malaria Elimination Programme for the progress recorded in malaria control and pledged the association’s continued support.

Similarly, Pharm. Godwin Nimyel, representing the Plateau State Chairman of the Pharmacy Society of Nigeria (PSN), reaffirmed the society’s support for the programme, stressing the need for quality-assured medicines and strict regulation to eliminate substandard drugs.

Also, Dr. Molsat Emmanuel Sydney, representing the Plateau State Primary Health Care Board, lauded the Ministry of Health, the State Malaria Elimination Programme and Malaria Consortium for their efforts in reducing malaria, assuring of the board’s continued support for the SMC campaign at the grassroots.

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Defection: ‘Aslam Aliyu was not our registered member’ — Zamfara ADC

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The Zamfara State chapter of the African Democratic Congress, ADC, has reacted to the defection of Dr Aslam Aliyu to the All Progressives Congress, APC, saying she was not a duly registered member of the party in the state.

Aliyu, an ally of former Vice President Atiku Abubakar, had announced her resignation from the ADC, saying the party lacked a concrete plan to address Nigeria’s challenges.

However, in a statement issued by the party’s State Publicity Secretary, Abdulhakeem Umar, the ADC said its records showed that Aliyu neither possessed a valid membership card nor was she formally registered as a member in Zamfara State.

The party maintained that her defection would not affect its leadership, structure or operations in the state.

According to the statement, the ADC remains committed to working with loyal and duly registered members who share its vision and are prepared to contribute to the party’s growth.

It also stated that anyone not committed to the party’s constitution, ideals and objectives was free to leave.

“We also wish to make it clear that any other person who is not genuinely committed to the ideals, Constitution, and objectives of the ADC is free to follow the same path. 

Our focus is on building a disciplined, united, and principled political party with members who are dedicated to its progress.

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