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Merak Capital Invests USD40m in Saudi Arabia’s Master Works
Merak Capital invested USD40m in Saudi Arabia-based data and digital transformation startup Master Works. Read More
QIA Leads USD121m Series D for Turkey’s Insider
QIA led a USD121m Series D for Turkey-based AI company Insider at a reported USD1.2b valuation, with participation from Sequoia Capital, Riverwood Capital, Wamda, Endeavor Catalyst, Esas Holding and 212 Capital Partners. Read More
Perfect Corp. to Merge with US SPAC Provident Acquisition Corp.
Perfect Corp., a China-based AR and AI SaaS solutions provider for the beauty and fashion industries, agreed to merge with Provident Acquisition Corp., a US-listed SPAC, at a reported USD1.02b valuation. Read More
Go-Ventures Leads USD6m Seed Round for Indonesia’s AgriAku
Go-Ventures led a USD6m seed round for AgriAku, an Indonesia-based B2B marketplace for farmers, with participation from MDI Arise, MDI Centauri, Mercy Corps Social Venture Fund and angels. Read More
Goodwater Capital, Naver and Tanglin Venture Partners Invest USD65m Series C for India’s Pocket FM
Goodwater Capital, Naver and existing investor Tanglin Venture Partners invested a USD65m Series C for India-based audio over-the-top platform Pocket FM. Read More
Spark Capital Leads USD40m Series B for Serbia’s Tenderly
Spark Capital led a USD40m Series B for Tenderly, a Serbia-based platform for Ethereum decentralized apps (Daaps), with participation from Accel, Point Nine Capital, Abstract Ventures, Coinbase Ventures, Uniswap and Daedalus. Read More
Oak HC/FT Leads USD82m Series C for Mexico’s 99minutos
Oak HC/FT led a USD82m Series C for 99minutos, a Mexico-based last-mile logistics platform for e-commerce vendors, with follow-on from KASZEK and Prosus Ventures. Prosus led the company’s USD40m Series B in June 2021. Read More
GIC Leads ~USD100m Investment in South Korea’s RIDI
GIC led a KRW120b (~USD100m) investment in South Korea-based digital content platform RIDI Corporation at a reported KRW1.6t (~USD1.3b) valuation, with participation from NVESTOR and follow-on from Korea Development Bank and Atinum Investment. Read More
SHUAA Capital SPAC Raises USD100m on Nasdaq
SHUAA Partners Acquisition Corp 1, a SPAC formed by SHUAA Capital, raised USD100m on the Nasdaq. The SPAC will target technology and/or tech-enabled financial services businesses based out of the Middle East, North Africa and Turkey. Read More
Accel Reaches USD650m Final Close for Seventh India Fund
Accel reached a USD650m final close for its seventh India fund targeting investments in early- and growth stage opportunities, with an additional focus on Southeast Asia. Read More
Pantera Capital Leads USD50m Series B for South Africa’s VALR
Pantera Capital led a USD50m Series B for South Africa-based cryptocurrency exchange VALR at a reported USD240m valuation, with participation from Alameda Research, Cadenza, CMT Digital, Coinbase Ventures, Distributed Global, GSR, Third Prime and Avon Ventures, and follow-on from Bittrex and 4Di Capital. Read More
Generation Investment Management and Broadscale Lead USD75m Investment in Kenya’s M-KOPA
Generation Investment Management and Broadscale Group led a USD75m investment in M-KOPA, a Kenya-based asset financing platform for the underbanked, with participation from LocalGlobe and HEPCO Capital Management, and follow-on from CDC Group and Lightrock. Read More