GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
Tiger Global and Dragoneer Lead USD70m Series B for Pakistan’s Bazaar
Tiger Global and Dragoneer Investment Group led a USD70m Series B for Bazaar, a Pakistan-based digital bookkeeping platform and B2B marketplace, with follow-on from Indus Valley Capital, Defy Partners, Acrew Capital, Wavemaker Partners, B&Y Venture Partners and Zayn Capital. Read More
Animoca Brands and Liberty City Lead USD88m Series B for Hong Kong’s Hex Trust
Animoca Brands and Liberty City Ventures led a USD88m Series B for Hex Trust, a Hong Kong-based provider of digital asset custody services, with participation from Ripple, Terra, Morgan Creek and Primavera Venture Partners. Read More
Amansa Capital, Kotak PE and Axis Growth Avenues Lead USD150m Series F2 for India’s Licious
Amansa Capital, Kotak PE and Axis Growth Avenues AIF – I led a USD150m Series F2 for Licious, an India-based D2C e-commerce platform for fresh food, with participation from angels and follow-on from existing investors. Read More
The Untitled Ventures and Buildit Accelerator Invest ~USD1.7m in Latvia’s Naco
Naco, a Latvia-based nano-coating solutions provider for green hydrogen manufacturers, raised ~USD1.7m from The Untitled Ventures, Buildit Accelerator and others. Read More
Patria SPAC Raises USD230m on Nasdaq
Patria Latin American Opportunity Acquisition, a SPAC launched by Patria Investments, raised USD230m in an IPO on the Nasdaq to target a company operating in the healthcare, food and beverage, logistics, agribusiness, education or financial services sectors in Latin America. Read More
Old Mutual Private Equity To Acquire South Africa’s Long4Life for ~USD278m
Old Mutual Private Equity (OMPE), through its OMPE Fund V, agreed to acquire South Africa-based investment company Long4Life for ZAR2.4b (USD278m). OMPE plans to delist the company. Read More
BPEA Partially Exits India’s Coforge for ~USD334m
BPEA realized a partial exit from India-based IT services company Coforge for INR25.6b (~USD334m) via a block sale. BPEA retains a 40.3% stake in the company. Read More
Advent To Acquire 49% Stake in Argentina’s Prisma for USD350m
Advent International acquired the remaining 49% stake in Argentina-based payments company Prisma for USD350m. Advent first acquired a 51% stake in the company in 2019. Read More
Speedinvest, Left Lane, Others Lead USD105m Series A2 for Nigeria’s Moove
Nigeria-based mobility fintech Moove raised a USD105m Series A2 round comprising equity and debt from existing investors Speedinvest, Left Lane Capital and thelatest.ventures, with participation from AfricInvest, MUFG Innovation Partners, Latitude and Kreos Capital. Read More
Sequoia Capital China and Gaorong Lead USD120m Series A&A+ for China’s XVERSE
China-based 3D user-generated content platform XVERSE raised USD120m across a Series A and a Series A+ round. Sequoia Capital China led the Series A+, with participation from Temasek Holdings and CPE, and follow-on from Gaorong Capital, 5Y Capital and GL Ventures. Gaorong also led the Series A. Read More
Byju Raveendran Leads USD800m Investment in India’s Byju’s
Indian edtech giant Byju’s raised USD800m at a reported USD22b valuation. CEO Byju Raveendran invested USD400m, while Sumeru Ventures, Vitruvian Partners and BlackRock provided the rest. Read More
Kuramo Capital Acquires Debt Interests in DRC’s Plantations et Huileries du Congo From BIO, CDC, DEG & FMO
Kuramo Capital Management acquired debt interests in Plantations et Huileries du Congo, the operator of three palm oil plantations in the Democratic Republic of Congo, from BIO, CDC Group, DEG and FMO via a secondary debt transaction. Read More