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OMAI Invests USD4.5m for the Development of Two New Schools in South Africa
OMAI, through its Education Investment Impact Fund of South Africa, invested ZAR68m (~USD4.5m) for the development of two new schools in South Africa in partnership with education operator Edinvest. OMAI provided ZAR54m (~USD3.5m) in debt and ZAR14m (~USD900k) in equity, while Edinvest invested ZAR15m (~USD1m) in equity. Read More
Ethos and BluePeak Invest USD31.5m in Mauritius’ Grit Real Estate Income
Ethos Mezzanine Partners and BluePeak Private Capital invested USD31.5m in Grit Real Estate Income Group, a pan–African real estate company headquartered in Mauritius. Read More
Softbank Leads USD300m Round for India’s ElasticRun
SoftBank led a USD300m round for India-based e-commerce enablement platform ElasticRun at a reported USD1.5b valuation, with participation from Goldman Sachs and follow-on from Prosus Ventures. Read More
Goodwell Leads USD50m Series C for Kenya’s Copia Global
Goodwell Investments led a USD50m Series C for Copia Global, a Kenya-based e-commerce logistics platform, with participation from Zebu Investment Partners, DFC and Koa Labs, and follow-on from Lightrock, DEG and Perivoli Innovations. Read More
Tiger Global and Sequoia India Lead USD80m Series C for Indonesia’s Lummo
Tiger Global and Sequoia Capital India led a USD80m Series C for Lummo (formerly BukuKas), an Indonesia-based startup focused on digitizing SMEs, with participation from CapitalG and angels including Max Bittner (Lazada) and Santiago Sosa (Nuvemshop). Read More
Sequoia India Leads USD42m Series B for India’s SaaS Labs
Sequoia Capital India led a USD42m Series B for SaaS Labs, an India-based SME automation platform, with follow-on from Base 10 Partners and Eight Roads Ventures. Read More
Chile’s Xepelin Secures USD80m Debt From Community Investment Management
Xepelin, a Chilean accounts receivable-based lending platform for SMEs, secured USD80m in debt from Community Investment Management. Xepelin previously secured USD200m in credit facilities in 2021. Read More
Africa50 Leads USD28m Series C for Kenya’s Poa Internet
Africa50 led a USD28m Series C for Kenya-based ISP Poa Internet, with follow-on from Novastar. Read More
Tiger Global, Steadview Capital and Dragoneer Lead USD75m Series D for India’s INDmoney
Tiger Global, Steadview Capital and Dragoneer Investment Group led a USD75m Series D for India-based wealth management platform INDmoney at a reported USD640m valuation. Read More
Paradigm and Kleiner Perkins Lead USD110m Series B for Bahrain’s Rain Financial
Kleiner Perkins and Paradigm led a USD110m Series B for Bahrain-based crypto exchange Rain Financial at a reported USD500m valuation, with participation from Coinbase Ventures, Global Founders Capital, MEVP, Cadenza Ventures, JIMCO and CMT Digital. Read More
Index Ventures Leads USD255m Series C for Turkey’s Dream Games
Index Ventures led a USD255m Series C for Turkey-based game studio Dream Games, with participation from Black Rock, Makers Fund, IVP, Kora and Balderton Capital. Read More
Liberty City Ventures Leads USD358.8m Round for Hong Kong’s Animoca Brands
Liberty City Ventures led a USD358.8m round for Hong Kong-based metaverse gaming company Animoca Brands at a reported USD5b premoney valuation, with participation from 10T Holdings, C Ventures, Delta Fund, Gemini Frontier Fund, Gobi Partners Greater Bay Area, Kingsway, L2 Capital, Mirae Asset, Pacific Century Group, ParaFi Capital, Provident and Sequoia China, among others. Read More