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.
Mizuho Bank Leads USD131m Series B for Philippines’ Tonik
Mizuho Bank led a USD131m Series B for Philippines-based neobank Tonik, with participation from Prosus Ventures, Sixteenth Street Capital, Nuri Group and Rahul Mehta (DST Partners), and follow-on from Sequoia India, Point72 Ventures, Insignia Ventures Partners, iGlobe Partners, Alpha JWC Ventures, Citius, Blauwpark Partners and Kraft. Read More
Nuveen Reaches USD218 Final Close for Global Impact Fund
Nuveen reached a USD218m final close for its Nuveen Global Impact Fund. The vehicle will target investments in disruptive businesses that combat climate change and inequality globally. Read More
Blackstone, TPG and ChrysCapital Invest USD300m in India’s Xpressbees
Blackstone, TPG and ChrysCapital invested a USD300m Series F for India-based e-commerce logistics startup XpressBees at a reported USD1.2b valuation, facilitating a partial exit for Alibaba and a full exit for an unnamed Chinese investor. Read More
QIA Commits USD1.5b to Bodhi Tree
QIA committed USD1.5b to Bodhi Tree, a new investment platform launched by James Murdoch (21st Century Fox) and Uday Shankar (Star India) targeting investments in media and consumer tech in Southeast Asia and India. Read More
LIV Capital’s Second SPAC Raises USD100m on the Nasdaq
LIV Capital Acquisition Corp II, a SPAC formed by LIV Capital Group, raised USD100m in its IPO on the Nasdaq. Read More
KKR Leads USD180 Series F in Livspace
KKR led a USD180m Series F for India-based home interior and renovation platform Livspace at a reported unicorn valuation, with follow-on from Ingka Group (Ikea), Jungle Ventures, Venturi Partners and Peugeot Investments. Read More
KawiSafi Ventures Leads USD15.5m Series B for Mexico’s Sistema.bio
KawiSafi Ventures led a USD15.5m Series B for Sistema.bio, a Mexico-based developer of biodigester energy for agricultural producers, with participation from AXA IM Impact Investing, and follow-on from Engie RDE, Chroma Impact, Blink CV and Co Capital. Read More
I&P Invests in Madagascar’s Malakass
I&P, through its specialized investment unit Miarakap, invested an undisclosed amount in Malakass, a Madagascar-based agricultural company specialized in processing cassava into flour. Read More
I&P Exits Madagascar’s Ultramaille
I&P fully exited Ultramaille, a Madagascar-based textile company specializing in knitwear, for an undisclosed amount. Read More
Hedgestone Capital Leads USD45m Series C+ for China’s Ponhu
Hedgestone Capital led a USD45m Series C+ for Ponhu, a China-based trading platform for second-hand luxury goods, with participation from Jinhuifeng Investment and follow-on from INCE Capital. Read More
Affirma Capital Acquires Singapore’s Little Paddington
Affirma Capital acquired Singapore-based preschool chain Little Paddington for an undisclosed amount. Read More
Source Code, GGV, BAI Capital and Sequoia Invest USD50m Series A for China’s Taichi Graphics
Taichi Graphics, a China-based 3D content collaboration platform, raised a USD50m Series A from Source Code Capital, GGV Capital, BAI Capital and Sequoia Capital China. Read More