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IFC and Endure Capital Lead USD25m Series A for Egypt’s Brimore
IFC and Endure Capital led a USD25m Series A for Egypt-based social commerce platform Brimore, with participation from Fawry, Flourish Ventures and Endeavor Catalyst Fund, and follow-on from Algebra Ventures, Disruptech, Khawarizmi Ventures and Vision Ventures. Read More
Riverwood Capital and SoftBank Lead ~USD93m Round for Brazil’s Gupy
Riverwood Capital and SoftBank led a ~USD93m round for Gupy, a Brazil-based, AI-powered recruiting platform, with follow-on from Oria Capital, Endeavor Catalyst and MAYA Capital. Read More
Lightrock India Leads USD55m Series B for India’s Scaler
Lightrock India led a USD55m Series B for India-based upskilling platform Scaler at a USD710m reported valuation, with follow-on from Sequoia India and Tiger Global. Read More
Kleoss Capital Reaches USD38m First Close for South Africa PE Fund
Kleoss Capital reached a ZAR600m (~USD38m) first close for its Kleoss Fund II targeting investments in mid-market companies in South Africa. The fund has a ZAR1b (~USD64m) target. Read More
Norrsken Reaches USD110m First Close for African Tech Fund
The Norrsken Foundation reached a USD110m first close for its Norrsken22 African Tech Growth Fund targeting investments in growth-stage startups hailing from Africa. The fund has a target of USD200m. Read More
Blackstone Reaches USD11b Final Close for Second Asia Fund
Blackstone reached a USD11b final close for its second Asia-focused private equity fund. The firm raised USD6.4b and received an additional USD4.6b from Blackstone global funds. Read More
Tiger Global and Alpha Wave Lead USD165m Series E for India’s DealShare
Tiger Global and Alpha Wave Global led a USD165m Series E for India-based social commerce startup DealShare, with participation from Dragoneer Investments Group, Kora Capital and Unilever Ventures, at a reported USD1.6b valuation. Read More
BlackRock’s Global Renewable Energy Fund III to Invest USD200m in Chilean Solar Assets
BlackRock Real Assets, through its Global Renewable Energy Fund III, agreed to invest up to USD200m in a 435 MW portfolio of solar projects in Chile. Read More
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