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Lightspeed Leads USD100m Series B+ for Bulgaria’s Payhawk
Lightspeed led a USD100m Series B+ for Bulgaria-based payments and expense management provider Payhawk at a reported USD1b valuation, with participation from Sprints Capital, Endeavor Catalyst, HubSpot Ventures and Jigsaw VC, and follow-on from Earlybird Digital East and QED Investors. Read More
Tiger Global and Huaxing Growth Capital Lead USD100m Series C for China’s Dianxiaomi
Tiger Global Management and China Renaissance’s Huaxing Growth Capital led a USD100m Series C for China-based e-commerce SaaS platform Dianxiaomi, with follow-on from GGV Capital, CDH Venture and Growth Capital and Gaorong Capital. Read More
Sequoia Capital China and Legend Capital Lead USD188m Series B+ for China’s Inceptio Technology
Sequoia Capital China and Legend Capital led a USD188m Series B+ for China-based self-driving truck company Inceptio Technology, with participation from Chow Tai Fook Enterprises, Cedarlake Capital and Wuchan Zhongda Group, and follow-on from Meituan, NIO Capital, Eight Roads and Broad Vision Funds. Read More
Crescendo Reached a USD910m Final Close for Third South Korea Fund
Crescendo Equity Partners reached a USD910m final close for its third fund, surpassing its initial target of USD700m. The firm invests in tech companies in South Korea. Read More
Varana, Vista, New Abundance, Others Invest USD17m Series A for Argentina’s Stamm
Stamm, an Argentina-based developer of bioreactor equipment, raised a USD17m Series A from Varana, Vista, New Abundance, Trillian, Serenity Traders and Decarbonization Consortium, with follow-on from Draper Cygnus, Draper Associates, SOSV, Grid Exponential, VistaEnergy, Teramips and Dragones VC. Read More
Milango Acquires 500-Backed Circle
Egypt-based community management software provider Milango acquired Circle, an Egypt-based proptech backed by 500 Global, for an undisclosed amount. Read More
4DX Ventures and Wamda Lead Seed Round for Egypt’s FreshSource
4DX Ventures and Wamda led an undisclosed, seven-figure round for Egypt-based agtech FreshSource. Read More
Brookfield Acquires 60% of First Abu Dhabi Bank’s Magnati
Brookfield Asset Management agreed to acquire a 60% stake in Magnati, the payments arm of First Abu Dhabi Bank, valuing it at a reported USD1.15b. Read More
Riyada Managers Closes RCare Continuation Fund and Acquires 29% Stake in Egypt’s Cleopatra Hospital Group
Riyada Managers closed RCare, its single asset continuation fund, and acquired a 29% stake in Egypt-listed Cleopatra Hospital Group from Actis, DEG, EBRD and Proparco. Read More
Warburg Pincus and Bessemer Invest USD70m Series C in India’s Perfios
Warburg Pincus and Bessemer India led a USD70m Series C for India-based fintech Perfios at a USD400m reported valuation. Warburg and Bessemer invested in the company in November 2019. Read More
Prime Ventures Reaches USD120m Final Close for Fourth Fund
Prime Venture Partners reached a USD120m final close for its fourth fund, exceeding its initial target of USD100m. The vehicle will invest in Indian startups across the fintech, edtech, healthtech, consumer internet and SaaS sectors, as well as in new areas such as electric vehicles, B2B, Web3 and gaming infrastructure platforms. Read More
Fozun RZ Capital Reaches ~USD316m final close for Third CNY Fund
Fozun RZ Capital reached a CNY2b (~USD316m) final close for its third CNY-denominated fund. The vehicle will make early- and growth-stage investments across the technology and new consumer goods industries, with a focus on semiconductor chip, autonomous driving, SaaS, new energy, robotics, cross-border business, cyber security and new brands in China. Read More