GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
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
Mubadala Leads USD500m+ Investment in Singapore’s Princeton Digital Group
Mubadala led a USD500m+ investment in Singapore-based data center operator Princeton Digital Group, with follow-on from Warburg Pincus and Ontario Teachers’ Pension Plan Board. Read More
Navis to Exit Singapore’s TES via Sale to SK Ecoplant
Navis Capital Partners agreed to fully exit its investment in Singapore-based battery lifecycle services provider TES-Envirocorp via a sale to SK Ecoplant at a USD1b valuation. Read More
SoFi Technologies Acquires Technisys for USD1.1b
SoFi, a US-based consumer finance management platform, acquired Technisys, a digital banking platform with operations in Latin America, the US and Canada in a USD1.1b all-stock transaction. Read More
Apax Partners Leads USD100m Series E for China’s Yunzhangfang
Apax Partners, through Apax Digital, led a USD100m Series E for China-based SaaS tax platform Yunzhangfang, with participation from GF Securities’ GF Qianhe, GF Investment and InvesTarget. Read More