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Andreessen Horowitz and NFX Lead USD11.5m Seed Round for Latitud
Andreessen Horowitz and NFX led a USD11.5m seed round for Latitud, a US- and Brazil-based enterprise platform for Latin American startups’ company formation, cap table and cross-border capital management, with participation from Canary, Endeavor Catalyst, FJ Labs and Ganas Ventures. Read More
Global Ventures, DASH, Others Lead USD44m Series B for Jordan’s Altibbi
Jordan-based healthtech Altibbi raised a USD44m Series B led by Foundation Holdings, Hikma Ventures and existing investors Global Ventures and DASH Ventures. Read More
OMAI Invests ~USD4.9m Debt & Equity To Develop Two Schools in South Africa
OMAI, through its Education Investment Impact Fund of South Africa, invested ZAR71m (~USD4.9m) in debt and equity to develop two independent schools in South Africa in partnership with local education operator Piyuse Thomas. Read More
Goldman Sachs-Led Consortium Completes USD900m Stapled Secondary for BPEA
A consortium of investors led by Goldman Sachs Asset Management and including AlpInvest Partners, LGT Capital Partners and Partners Group completed a USD900m stapled secondary for BPEA. The consortium acquired interests in BPEA’s fifth and sixth funds and made a USD270m commitment to Fund VIII. BPEA recently merged with EQT. Read More
Sequence Ventures Reaches ~USD8m First Close for Egypt Deep-Tech Fund
Sequence Ventures reached a EGP150m (~USD8m) first close for its Egypt Deep-Tech Fund. The vehicle aims to acquire companies operating in a range of tech sectors, including healthtech, fintech, edtech, proptech, logistics and DevOps. Read More
Alpha Wave Global, Tiger Global, Norwest Venture Partners, Others Lead USD200m Series A for India’s Oxyzo
Oxyzo, the lending arm of India-based OfBusiness, raised a USD200m Series A at a reported USD1b valuation led by Alpha Wave Global, Tiger Global, Norwest Venture Partners, Matrix Partners and Creation Investments. Read More
GAC, Bosch, Carlyle, Others Invest USD400m in China’s WeRide
China-based AV maker WeRide raised USD400m at a reported USD4.4b valuation from investors including state-owned automaker GAC and German auto parts supplier Bosch, with participation from Carlyle Group and others. Read More
Vantage Provides USD10m in Financing to Compass Capital
Vantage Capital provided USD10m in mezzanine funding to Egypt-based PE firm Compass Capital to fund the acquisition of six grade-A office buildings in East Cairo. Read More
Catalyst Private Equity Reaches ~USD24m First Close for Impact Fund
Catalyst Private Equity reached an EGP450m (~USD24m) first close for its Catalyst Capital Egypt Fund, a new impact-oriented vehicle targeting investments in SMEs in Egypt and the Middle East. The fund has a EGP1b (~USD54m) target. Read More
Tencent Leads USD180m Series C for Jeeves
Tencent led a USD180m Series C for Jeeves, a US-based expense management platform with operations in Latin America, Canada and Europe, at a reported USD2.1b valuation, with participation from GIC, Stanford University, Andreessen Horowitz, CRV, Silicon Valley Bank, FT Partners, Clocktower Ventures, Urban Innovation Fund, Haven Ventures, Gaingels and Spike Ventures, among others. Read More
Sary Leads USD22.5m Series A for Pakistan’s Jugnu
Saudi Arabia-based B2B marketplace Sary led a USD22.5m Series A for Pakistan-based B2B e-commerce startup Jugnu, with participation from Sarmayacar and Systems Limited. Read More
EQT Acquires Majority Stake in China’s Guardian
EQT, through its EQT Mid Market Asia III fund, acquired a majority stake in China-based pest control operator Guardian Shanghai Hygiene Service for an undisclosed amount. Read More