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ADQ and STV Lead USD46m Series B for Saudi Arabia’s TruKKer
ADQ and STV led a USD46m Series B for Saudi Arabia-based on-demand truck aggregator TruKKer, with participation from Mubadala and follow-on from Riyad Taqnia Fund and Shorooq Partners. The company also raised USD50m in debt funding from Mars Growth and Partners for Growth. Read More
Spruce House Leads USD21m Series A for South Africa’s Stitch
Spruce House led a USD21m Series A for Stitch, a South Africa-based fintech API platform, with participation from PayPal Ventures, TrueLayer, firstminute Capital, Raba Partnership, CRE VC and Village Global. Read More
20VC Leads USD116m Investment for Belarus’ Tripledot Studios
20VC led a USD116m investment for UK- and Belarus-based mobile game studio Tripledot Studios at a reported USD1.4b valuation, with participation from Access Industries, Lightspeed Venture Partners and Eldridge. Read More
BBVA Invests USD300m in Brazil’s Neon
Spanish bank BBVA invested USD300m in Brazil-based digital bank Neon. Read More
Cerberus To Acquire a Cyprus NPL Portfolio from Alpha Bank at ~USD2.7b Book Value
Cerberus Capital Management agreed to acquire a portfolio of non-performing loans and real estate properties in Cyprus with a total book value of EUR2.4b (~USD2.7b) from Alpha Bank. Read More
Global Ventures and Ventures Platform Lead USD1m Round for Nigeria’s Remedial Health
Global Ventures and Ventures Platform led a USD1m round for Nigeria-based healthtech Remedial Health, with participation from Ingressive Capital, Voltron Capital and angels. Read More
Blackstone Acquires Majority Stake in India’s ASK from Advent International
Blackstone acquired a majority stake in India-based asset and wealth management company ASK Investment Managers from Advent International and others for an undisclosed amount. Read More
Affinity Equity Partners and BRV Capital Management Invest ~USD251m in South Korea’s SSG.com
Existing investors Affinity Equity Partners and BRV Capital Management invested KRW300b (~USD251m) in SSG.com, the e-commerce arm of South Korea-based retailer Shinsegae Group. Read More
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