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DST Global Leads USD140m Series C+ for China’s Fenbeitong
DST Global led a USD140m Series C+ for China-based corporate spend platform Fenbeitong, with participation from D1 Capital Partners, WhaleRock, Saudi Aramco’s P7 Ventures and Emergence, and follow-on from Hillhouse Capital, Ribbit, Stau, Glade Brook and Bit Rock. Read More
Warburg Pincus Invests USD100m in Brazil’s Sólides
Warburg Pincus invested USD100m in Sólides, a Brazil-based talent management platform. Read More
Africa50 Invests USD20m in PAIX Data Centers
Africa50 invested USD20m in African data center operator PAIX Data Centers as part of the company’s Series B. Read More
Amethis Acquires Minority Sake in Cote d’Ivoire’s SIBM
Amethis acquired a minority stake in SIBM, a manufacturer of precast concrete products in Côte d’Ivoire, for an undisclosed amount. Read More
B Capital Group Leads USD250m Series D for Africa-focused Flutterwave
B Capital Group led a USD250m Series D for Flutterwave, a digital payments platform for African businesses, at a USD3b reported valuation, with participation from Alta Park Capital, Whale Rock Capital and Lux Capital, and follow-on from Glynn Capital, Avenir Growth, Tiger Global, Green Visor Capital and Salesforce Ventures. Read More
NEA Leads USD400m Series E for India’s Uniphore
NEA led a USD400m Series E for Uniphore, an India-based conversational automation platform, with follow-on from March Capital and other existing investors, at a reported USD2.5b valuation. Read More
SoftBank Vision Fund 2 Leads USD100m Series D for China’s Sobot
SoftBank Vision Fund 2 led a USD100m Series D for Sobot, a China-based customer service software provider, with participation from GL Ventures, Yunqi Partners and Mirae Asset Financial Group. Read More
COTU Ventures Leads USD3m Investment for Egypt’s MoneyHash
COTU Ventures led a USD3m investment for Egypt- and US-based fintech and payment management solutions provider MoneyHash, with participation from VentureSouq, VentureFriends, Nuwa Capital, The Continent Venture Partners, First Check Africa and angels. Read More
Vinci Acquires 40% Stake in Brazil’s Águas do Brasil
Vinci Partners acquired a 40% stake in Brazil-based water company Águas do Brasil for an undisclosed amount. Read More
OMAI Acquires 34% Stake in South Africa’s Actom From Actis
OMAI acquired a 34.34% stake in the holding company of South Africa-based electrical equipment maker Actom from Actis. Read More
Alpha JWC, EDBI, MPL Ventures, Others Invest USD100m Series A for Singapore’s Next Gen Foods
Next Gen Foods, a Singapore-based maker of plant-based chicken, raised a USD100m Series A from Alpha JWC, EDBI and MPL Ventures, with follow-on from Temasek’s Asia Sustainable Foods Platform and GGV Capital. Read More
IFC Commits USD20m to Crescera Growth Capital Fund V
IFC committed USD20m to Crescera Growth Capital Fund V. The vehicle, which is managed by Crescera Capital, has a target of USD450m and will make mid-market growth capital investments in Brazil. Read More