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MRK Leads USD1.1m Investment for Saudi Arabia’s Tamawal
MRK led a USD1.1m investment for Saudi Arabia-based fintech Tamawal, with participation from 500 Falcons and angels. Read More
Spark Capital and Earlybird Lead USD11m Seed Round for Turkey’s Midas
Spark Capital and Earlybird Digital East Fund led a USD11m seed round for Midas, a Turkey-based retail investing platform, with participation from Nigel Morris (QED Investors) and Revo Capital. Read More
Trifecta Capital Raises ~USD200m for India Equity Fund
Trifecta Capital raised INR15b (~USD200m) for Trifecta Leaders Fund, its first equity fund targeting investments in late-stage Indian tech startups. Trifecta is looking to raise an additional INR3.75b (~USD50m) under a green shoe option. Read More
Ninety One’s EAIF Provides USD35m Loan to Develop Kesses Solar Generation Project in Kenya
Ninety One’s EAIF provided a USD35m loan to Alten Kenya Solarfarms to develop the 40MW Kesses solar generation facility in Kenya. Read More
Sequoia India, Tiger Global and SoftBank Invest USD450m in India’s Polygon
Sequoia Capital India, Tiger Global and SoftBank invested USD450m in India-based Polygon, an Ethereum-based blockchain scaling service provider, with participation from investors including Galaxy Digital, Galaxy Interactive and Republic Capital. Read More
General Atlantic Leads USD40m Series B for Nigeria’s Reliance Health
General Atlantic led a USD40m Series B for Nigeria- and US-based healthtech Reliance Health, with participation from Partech, Picus Capital, Tencent Exploration, Asia Africa Investment and Consulting, P1 Ventures, Laerdal Million Lives Fund, M3 Inc. and Arvantis Social Foundation. Read More
Moody’s Acquires Carlyle-Backed Global Credit Ratings
Moody’s agreed to acquire a majority stake in Global Credit Ratings, a South Africa-based credit rating company backed by The Carlyle Group, in an all-cash deal. Read More
Ezdehar Management Reaches USD168m First Close for Second Egypt Fund
Ezdehar Management reached a USD168m first close for its Ezdeajr Egypt Midcap II fund, which will invest in SMEs across consumer and retail, business services, education, healthcare and manufacturing in Egypt. The fund has a USD180m target. Read More
QED Investors Lead USD20m Series A for Colombia’s Melonn
QED Investors led a USD20m Series A for Melonn, a Colombia-based e-commerce fulfillment platform, with participation from GFC and Alter Global, and follow-on from Wollef, NFX and PearVC. Read More
Global Founders and Gobi Fatima Lead USD13m Seed Round for Pakistan’s Truck It In
Global Founders Capital and Gobi Fatima Ventures led a USD13m seed round for Pakistan-based road freight tech platform Truck It In, with participation from Wamda, Picus Capital, Millville, Zayn Capital, i2i Ventures, ADB Ventures, Cianna Capital, Reflect Ventures and K3 Ventures. Read More
OpenOcean Leads ~USD10m Round for Estonia’s Binalyze
OpenOcean led a EUR9.1m (~USD10m) round for Estonia-based cybersecurity startup Binalyze, with follow-on from EarlyBird Digital East. Read More
Linzor Capital Partners Exits Chile’s Mundo via Sale to DigitalBridge
Linzor Capital Partners, along with minority partners Teras Capital Spain and CyC, sold 100% of Chile-based telecom company Mundo to DigitalBridge. Read More