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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
Khwarizmi Ventures Reaches USD70m Second Close for MENAP Fund
Khwarizmi Ventures reached a USD70m second close for its current fund targeting early-stage investments in startups across the Middle East, North Africa and Pakistan region. Read More
Coller Capital Reaches USD1.4b Final Close for Private Credit Secondaries Fund
Coller Capital reached a USD1.4b final close for Coller Credit Opportunities I, its first private credit secondaries fund. Read More
Tiger Global and Sequoia Capital Lead USD250m Round for India’s Chargebee
Tiger Global and Sequoia Capital led a USD250m round for US- and India-based subscription management platform Chargebee at a reported USD3.5b valuation. Read More
XP Invests ~USD9m in Brazil’s BR Supply
XP invested BRL48m (~USD9m) in the form of convertible debentures in Brazil-based corporate supply company BR Supply. XP previously invested BRL92m (~USD17m) in convertible debentures, bringing its total commitment to BRL140m (~USD26m). Read More