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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
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