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Kinea Ventures and G2D Lead USD25m Series A for Brazil’s Digibee
Kinea Ventures and Brazil-based VC G2D led a USD25m Series A for Digibee, a Brazil-based e-commerce digital integration manager for SMEs. Read More
Tiger Global Leads USD55m Series B for Colombia’s Bold
Tiger Global led a USD55m Series B for Bold, a Colombia-based payment platform for MSMEs, with participation from General Atlantic and Endeavor Catalyst, and follow-on from Piton Capital, Global Founders Capital, InQLab, Kingsway Capital, Solid Ventures, Grupo Auteco, Amador and Condor Inverlink. Read More
SoftBank Leads USD60m Series B for Tribal Credit
SoftBank Latin America Fund led a USD60m Series B for Tribal Credit, a B2B payments and financing platform for emerging markets, with participation from Coinbase Ventures, BECO Capital, QED Investors and Rising Tide. Read More
Alta Semper-Backed Macro Group Raises ~USD81m in Private Placement on EGX
Macro Group Pharmaceutical, an Egypt-based cosmeceutical company backed by Alta Semper Capital, raised EGP1.28b (~USD81m) in a private placement on the EGX. Read More
NBK Provides USD10m Mezzanine Financing to Nigeria’s Moove
NBK, through NBK Capital Partners Mezzanine Fund II, provided a USD10m financing facility to Nigeria-based mobility fintech Moove. Read More
UAE’s SWVL Secures Additional USD21.5m PIPE from EBRD
SWVL, a UAE-based transport technology startup founded in Egypt, raised an additional USD21.5m PIPE investment from EBRD and others as part of its pending SPAC merger with Queen’s Gambit Growth Capital. This brings the total PIPE to USD121.5m. Read More
Chuangshi Capital, Yushi Capital, AfricInvest, Others Invest USD100m Series A for Nigeria’s PalmPay
Nigeria-based payments platform PalmPay raised a USD100m Series A in August 2021 from Chuangshi Capital, Yunshi Equity Investment Management, Trust Capital, Chengyu Capital and AfricInvest. Read More
Glade Brook Capital Partners Leads USD125m Series C for Chile’s Betterfly
Glade Brook Capital Partners led a USD125m Series C for Chile-based insurtech Betterfly at a reported USD1b valuation, with participation from Greycroft and Lightrock, and follow-on from QED Investors and DST Global. Read More
DEG Commits USD21m to Vantage Capital IV
DEG committed USD21m to Vantage Capital IV, an Africa-focused mezzanine fund targeting investments in SMEs. Read More
Oaktree to Invest USD150m Czech Republic’s Draslovka
Oaktree Capital Management agreed to invest USD150m in Czech Republic-based chemicals group Draslovka. Read More
Graphene Ventures Leads USD36m Equity & Debt Round for Saudi Arabia’s Retailo
Graphene Ventures led a USD36m equity and debt round for Saudi Arabia-based B2B marketplace Retailo, with participation from 500 Global, Agility, Aujan, Tech Invest Com and Mentor’s Fund, and follow-on from Shorooq Partners, Abercross Holdings, Arzan VC and AgFunder. Nahda Fund provided venture debt, which comprised less than 20% of the round. Read More
FIM Partners and STV Lead USD50m Round for Saudi Arabia’s Nana
FIM Partners and STV led a USD50m round for Saudi Arabia-based dark store Nana, with participation from Quencia Capital, Faith Capital, Jahez and Sunbulah Group, and follow-on from MEVP and Impact46. Read More