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IFC To Provide ~USD40m Loan to Brazil’s Ser Educacional
IFC agreed to provide a loan of up to BRL200m (~USD40m) to Brazil-based education group Ser Educacional. Read More
Bradesco Launches ~USD51m Fund of Funds
Bradesco Asset Management is launching Explorer, a BRL250m (~USD51m) fund of funds to invest in private equity and venture capital funds as well as in impact investing managers. Read More
CDC Group, Norfund and DFC Provide USD90m to AgDevCo
Africa-focused agriculture social impact investor and project developer AgDevCo secured USD90m in funding from CDC Group, Norfund and DFC. CDC and Norfund provided USD50m and USD20m, respectively, in equity, while DFC provided USD20m in senior debt. Read More
Affirma Capital Leads USD93m Series B for Singapore’s Beam
Affirma Capital led a USD93m Series B for Beam, a Singapore-based micromobility startup that operates e-scooters, with participation from Sequoia Capital India, Hana Ventures, ICT Capital, EDBI, AC Ventures, RTP Global and Momentum Venture Capital. Read More
Accel and Lightrock Lead USD100m Series C for India’s Niyo
Accel and Lightrock led a USD100m Series C for India-based consumer neobanking platform Niyo, with participation from Beams Fintech Fund and follow-on from Prime Venture Partners and JS Capital. Read More
Blue like an Orange Sustainable Capital Provides ~USD14m in Mezzanine Financing to Brazil’s InvestFarma
Blue like an Orange Sustainable Capital provided BRL72m (~USD14m) in mezzanine financing to Brazil-based pharmaceutical retail chain InvestFarma. Read More
Zayn Capital, MSA Novo and Graph Ventures Lead USD13m Seed Round for Pakistan’s NayaPay
Pakistan-based fintech NayaPay raised a USD13m seed round from Zayn Capital, MSA Novo, Graph Ventures and an early-stage VC from Silicon Valley, with participation from Saison Capital, Maple Leaf Capital and Warren Hogarth (Empower Finance). Read More
OK Group Leads USD24m Series A for Brazil’s Foxbit
Digital asset plattform OK Group led a USD24m Series A for Brazil-based crypto exchange platform Foxbit. Read More
V8 Capital Leads USD40m Series A for Kenya’s MarketForce
V8 Capital Partners led a USD40m Series A for MarketForce, a Kenya-based B2B platform for retail distribution of consumer goods and digital financial services, with participation from Ten13 VC, SOSV Select Fund, Vu Ventures and Vastly Valuable Ventures, and follow-on from Reflect Ventures, Greenhouse Capital, Century Oak Capital and Remapped Ventures. The round comprised both equity and debt. Read More
3TS-Backed Catalyst Romania Reaches ~USD57m Final Close for SEE VC Fund
3TS Capital Partners-backed Catalyst Romania reached a EUR50m (~USD57m) final close for Catalyst Romania Fund II. The vehicle will invest in early-stage tech firms in Southeastern Europe. Read More
L Catterton Leads USD80m Series B for Mexico’s VALOREO
L Catterton led a USD80m Series B for VALOREO, a Mexico-based e-commerce brand aggregator. Read More
Arrowroot Capital Leads USD91m Series C for South Africa’s Clickatell
Arrowroot Capital led a USD91m Series C for Clickatell, a US-headquartered chat commerce company founded in South Africa, with participation from Kennedy Lewis Investment Management, Endeavor Global and Harvest. Read More