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DX Ventures Invests ~USD14.8m in Brasil ao Cubo
DX Ventures, the CVC arm of Brazilian wood panel manufacturer Duratex, invested ~USD14.8m in Brasil ao Cubo, a Brazil-based modular construction startup. Read More
Kingsway, MSA Capital, Others Invest USD10.5m Seed Round for Iraq’s Baly
Iraq-based super app Baly raised a USD10.5m seed round from Kingsway Capital, MSA Capital, Global Founders Capital, Vostok Ventures, Majid Al Futtaim and March Holding. Read More
Speedinvest Leads USD3m Investment for Ghana’s OZÉ
Speedinvest led a USD3m investment for OZÉ, a Ghana-based fintech providing digital recordkeeping tools with embedded finance products to MSMEs, with participation from Cathay AfricInvest Innovation Fund, Savannah Fund and several angels. Read More
Alpha Wave and Tiger Global Lead USD250m Series F for India’s Moglix
Alpha Wave Global and Tiger Global led a USD250m Series F for Moglix, an India-based B2B marketplace and procurement platform for manufacturing goods, with participation from Ward Ferry, at a reported USD2.6b valuation. Read More
TLcom Reaches USD70m First Close for Pan-African Tech Fund
TLcom Capital reached a USD70m first close for its second pan-African tech fund targeting investments in fast-growth, tech-enabled African startups with an emphasis on seed and Series A stages. The fund has a USD150m target. Read More
Portage Ventures Leads ~USD17m Series A for Estonia’s Tuum
Portage Ventures led a EUR15m (~USD17m) Series A for Estonia-based banking platform Tuum, with follow-on from Blackfin Capital Partners and Karma Ventures. Read More
KKR Leads USD45m Series C for Philippines’ GrowSari
KKR led a USD45m Series C for GrowSari, a B2B e-commerce platform serving SMEs in the Philippines. Read More
Tiger Global and Alkeon Lead USD100m Series C for Estonia’s Veriff
Tiger Global and Alkeon led a USD100m Series C for Estonia-based identity verification startup Veriff, with follow-on from IVP and Accel, at a reported USD1.5b valuation. Read More
One Peak Leads USD30m Series B for Poland’s Infermedica
One Peak led a USD30m Series B for Poland-based healthtech Infermedica, with follow-on from EBRD, Karma Ventures, Heal Capital and Inovo Venture Partners. Read More
Chimera Reaches USD10b Final Close for Second VC Fund
Chimera Capital reached a USD10b final close for Alpha Wave Ventures II. The fund, which is co-managed with Alpha Wave Global (formerly Falcon Edge Capital), will focus on fintech, AI, life sciences, consumer internet and B2B. Read More
Fidelity Management Leads USD260m Series F for Brazil’s Creditas
Fidelity Management led a USD260m Series F for Brazil-based fintech Creditas at a reported USD4.8b valuation, with participation from Spanish investors Actyus and Greentrail Capital, and follow-on from KASZEK, QED Investors, VEF, SoftBank Vision Fund, SoftBank Latin America, Lightrock, Headline, Wellington Management and Sunley House Capital. Read More
Shenzhen Venture Capital, Others Lead ~USD236.8m Round for China’s Analogix
China-based semiconductor technology company Analogix raised a CNY1.5b (~USD236.8m) round led by Shenzhen Capital Group, China Merchant Group Service Trade Fund and China Merchant Securities, with participation from investors including TCL Capital, United Funds, SAIC Hengxu Investment, Haier Capital, Shanghai International Group, West Fountain, Xingcheng Capital, TH Capital and Xiamen Venture Capital, among others. Read More