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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
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