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I&P Leads USD6.2m Pre-Series A for Côte d’Ivoire’s ANKA
I&P led a USD6.2m pre-Series A for ANKA (formerly Afrikea), a Côte d’Ivoire-based e-commerce platform, with participation from Joe Tsai (Alibaba), BESTSELLER Foundation, VestedWorld, Enigmo, Groupe Prunay, Rising Tide Africa and SAVIU Ventures. Read More
GIP Lends USD175m to Finance the Construction of a Gas-Fired Power Plant in Panama
Global Infrastructure Partners (GIP) invested USD175m in the form of a senior secured term loan in Group Energy Gas Panama to finance the acquisition and construction of a 670 MW gas-fired power plant in Panama. Read More
8VC Leads USD181m Series B for Colombia’s Tul
8VC led a USD181m Series B for Tul, a Colombia-based supply chain management platform connecting construction material manufacturers with SMEs, with participation from monashees, Lightrock, Coatue, Tiger Global, Fundamental, Marathon Labs and H20, and follow-on from Vine Capital. Read More
QIA, 65 Equity Partners and Seatown Lead USD290m Series E for Malaysia’s Carsome
Qatar Investment Authority, 65 Equity Partners and Seatown Private Capital Master Fund led a USD290m Series E for Malaysia-based auto resale marketplace Carsome, with participation from Mediatek, Sunway, Gokongwei Group, YTL Group and Taiwan Mobile, at a reported USD1.7b valuation. Read More
Sequoia and Fidelity Lead ~USD711m Round for Estonia’s Bolt
Sequoia Capital and Fidelity Management led a EUR628m (~USD711m) round for Bolt, an Estonia-based ridesharing and food delivery services company, with participation from Whale Rock, Owl Rock, D1, G Squared, Tekne, Ghisallo and others, at a reported EUR7.4b (~USD8.3b) valuation. Read More
500 Global and Unicorn Growth Lead USD5.3m Seed Round for Nigeria’s ThankUCash
500 Global and Unicorn Growth Capital led a USD5.3m seed round for ThankUCash, a Nigeria-based, multi-merchant rewards platform, with participation from Expert Dojo, Predictive VC, SaaS Growth Ventures, Betatron Venture Group and Accelerex Holdings. Read More
Redseed Leads USD9m Series A for Russia’s Kodland
Redseed Ventures led a USD9m Series A for Kodland, a UK-headquartered edtech founded in Russia, with participation from Baring Vostok, Kismet, Flyer One Ventures and Alexander Nevinsky (I2BF). Read More
FountainVest Partners Acquires China F&B Group from EQT
FountainVest Partners acquired China F&B Group, the franchise operator for Papa John’s and Dairy Queen in mainland China, from EQT for an undisclosed amount. Read More
Temasek, SoftBank and Sequoia Capital Lead USD90m Series C for Indonesia’s eFishery
Temasek, SoftBank Vision Fund 2 and Sequoia Capital India led a USD90m Series C for Indonesia-based aquaculture tech startup eFishery, with follow-on from the Northstar Group, Go-Ventures, Aqua-Spark and Wavemaker Partners. Read More
Foodics Acquire Jordan’s POSRocket
Foodics, a Saudi Arabia-based restaurant management platform backed by STV and Sanabil Investments, acquired POSRocket, a Jordan-based POS service provider, for an undisclosed amount. Read More
Sunshine Insurance Leads ~USD96m Series B for China’s Xuanzhu Biopharm
Sunshine Insurance led a CNY600m (~USD96m) Series B for China-based biopharma Xuanzhu Biopharm, with participation from Efung Capital, Zhongji Investment, TJ Capital, SDIC Taikang, Haichuang FOF, Bank of China Capital, Jinjiang Xuanhong, Shanxi Financial Holdings, Wanxin Capital, DNV Capital and HY Capital. Read More
INCE Capital Closes on USD700m Across Two Funds
INCE Capital reached final closes for INCE Capital Partners II and INCE Opportunity Fund, raising USD478m and USD222m, respectively. INCE’s second fund will focus on early-stage opportunities at the nexus of consumer and internet, while the opportunity vehicle will target later-stage investments. Read More