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Enko Capital Increases Stake in South Africa’s NETIS
Enko Capital increased its stake in South Africa-based telecom infrastructure company NETIS to 75.6%. The deal, which is being financed by a combination of equity, mezzanine financing and senior debt supplied by EAPEF, Investec and Ninety One, is valued at ~USD30m. Read More
Pasaca Capital Leads USD123.9m Round for Slovenia’s KraftPal
Pasaca Capital led a USD123.9m round for KraftPal, a Slovenia-based company specializing in corrugated pallets. Read More
Altara Ventures Reaches USD130m Final Close for Early-Stage Southeast Asia Fund
Singapore-based Altara Ventures reached a USD130m final close for its debut fund targeting early-stage investments in high-growth tech startups across fintech, consumer, enterprise software, logistics, healthtech and edtech in Southeast Asia. Read More
Specialist VC Reaches ~USD48m First Close for Baltics Tech Fund
Estonia-based tech investor Specialist VC (formerly United Angels VC) reached a EUR42m (~USD48m) first close for its Specialist VC Fund II. The vehicle has a EUR50m (~USD57m) target and will make early-stage investments in tech startups in B2B, SaaS, fintech, software-enabled hardware, Web3 and deep tech verticals across Estonia, Latvia, Lithuania and Finland. Read More
Flourish Ventures and Antler Lead USD10m Round for Singapore’s Brick
Flourish Ventures and Antler led a USD10m round for Brick, a Singapore-based fintech provider, with participation from Trihill Capital, Better Tomorrow Ventures and Rally Cap Ventures. Read More
Ninety One’s EAIF Invests USD20m in USD420m Bond Issued by AXIAN Telecom
Ninety One’s EAIF invested USD20m in a USD420m bond issued by AXIAN Telecom, an African provider of telecommunications, mobile money services and digital infrastructure. CDC, DEG and IFC also invested in the bond. Read More
Novastar Leads USD4.3m Seed Round for Kenya’s BasiGo
Novastar Ventures led a USD4.3m seed round for Kenya-based EV startup BasiGo, with participation from new and existing investors including Moxxie Ventures, Nimble Partners, Spring Ventures, Climate Capital and Third Derivative. Read More
Tiger Global, BECO and Prosus Ventures Lead USD20m in Series A for Egypt’s Thndr
Tiger Global, BECO Capital and Prosus Ventures led a USD20m Series A for Egypt-based fintech Thndr, with participation from Base Capital and firstminute, and follow-on from Endure Capital, 4DX Ventures, Raba Partnerships and JIMCO. Read More
Signal Peak Ventures Leads USD20m Series A for UAE’s Hubpay
Signal Peak Ventures led a USD20m Series A for UAE-based fintech Hubpay, with participation from Olive Tree Capital and BECO Capital, and follow-on from Stormbreaker, Emkan Capital and Aditum. Read More
Yolo Investments and ZGI Capital Lead USD7.4m Series A for Estonia’s eAgronom
Yolo Investments and ZGI Capital led a USD7.4m Series A for eAgronom, an Estonia-based farm management software platform focused on carbon credits, with participation from Trind VC, Iron Wolf Capital and Specialist VC. Read More
Quartz Leads ~USD30m Round for Brazil’s WAP
Quartz led a ~USD30m round for WAP, a Brazil-based home appliances company, with participation from Echo Capital, Malwee and PIPO Capital. Read More
SouthLight Capital’s LatAm Growth SPAC Raises USD130m on Nasdaq
LatAm Growth SPAC, a special purpose acquisition company launched by SouthLight Capital (formerly Colony LatAm Partners) raised USD130m in its IPO on the Nasdaq. Read More