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Asia Alternatives Reaches Combined USD2b Final Close Across Funds
Asia Alternatives reached a combined USD2b final close for Asia Alternatives Capital Partners VI (AACP VI) and several other funds. AACP VI, along with its parallel funds, reached a combined USD1.1b final close. Read More
Mubadala Leads USD190m Round for Russia’s IXcellerate
Mubadala led a USD190m round for Russia-based data center operator IXcellerate, with participation from the Russian Direct Investment Fund and SberInvest, and follow-on from existing investors. Read More
Alpha Intelligence Capital and CDIB Lead USD100m Series B for Tunisia’s InstaDeep
Alpha Intelligence Capital and CDIB led a USD100m Series B for InstaDeep, a Tunisia- and UK-based AI startup that creates decision-making systems for solving real-world problems, with participation from BioNTech, Chimera Abu Dhabi, Deutsche Bahn’s DB Digital Ventures, Google, G42 and Synergie. Read More
Tekne Private Ventures, Alpine Opportunity Fund and Edelweiss Invest USD200m in India’s Ola Electric
Ola Electric, the EV unit of India-based rideshare Ola, raised a USD200m round from investors including Tekne Private Ventures, Alpine Opportunity Fund and Edelweiss at a reported USD5b valuation. Read More
Oriental Fortune Capital and Huaqiang Capital Lead ~USD200m Series B & B+ for China’s Galactic Energy
Galactic Energy, a China-based maker of commercial launch vehicles, raised ~USD200m in Series B and B+ rounds led by Oriental Fortune Capital and Huaqiang Capital, with participation from JiangNan Construction & Investment Group, Yunding Capital and Zhongtian Fortune Fund Asset Management, and follow-on from New Potential Energy Fund and Essential Capital. Read More
Castlelake to Provide USD600m in Financing to Brazil’s Gol
Castlelake agreed to provide up to USD600m in financing to Brazilian airline Gol Linhas Aereas Inteligentes for the purchase of Boeing 737 Max 8 aircraft. Read More
Invesco Leads USD700m Round for India’s Swiggy
Invesco led a USD700m round for India-based food delivery platform Swiggy at a reported USD10.7b valuation, with participation from Baron Capital Group, Sumeru Venture, IIFL AMC Late Stake Tech Fund, Kotak, Axis Growth, Sixteenth Street Capital, Ghisallo, Smile Group and Segantii Capital, and follow-on from Prosus Ventures, Alpha Wave Global, QIA and ARK Impact. Read More
Ibtikar Fund Reaches USD15m First Close for Palestine Tech Fund
Ibtikar Fund reached a USD15m first close for its second fund targeting investments in early-stage tech companies based in Palestine as well as in Palestinian founders throughout the MENA region. The vehicle has a USD30m target. Read More
Linzor Capital Partners Acquires 70% of inConcert and Convertia
Linzor Capital Partners acquired 70% of inConcert, a Spain-based, end-to-end SaaS solutions for digital marketing and customer experience with offices in Latin America, and its partner Convertia. The two companies will merge under the name inConcert Holdings. Read More
TCV Leads USD72m Series D for India’s Darwinbox
TCV led a USD72m Series D for Darwinbox, an India-based human resource management platform, at a reported valuation over USD1b, with follow-on from Lightspeed, Sequoia India, Salesforce Ventures, 3One4 Capital, Endiya Partners and SCB 10X. Read More
BRV Capital Management Leads USD140m Series C for South Korea’s Greenlabs
BRV Capital Management led a USD140m Series C for South Korea-based agtech Greenlabs, with participation from Skylake Incuvest and SK Square. Read More
Actis-Backed Honoris United Universities Acquires South Africa’s FEDISA Fashion School
Actis-backed Honoris United Universities agreed to acquire South Africa-based fashion and design institution FEDISA Fashion School. Honoris United Universities acquired Egypt-based Merit University in December 2021. Read More