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Insignia Leads USD20m Series B for Indonesia’s Brankas
Insignia Ventures Partners led a USD20m Series B for Brankas, an Indonesia-based provider of banking services, with participation from Visa, Beenext, Integra Partners and others. Read More
Jam Fund, Novastart, Northstar, Others Invest USD30m for Ghana’s mPharma
mPharma, a Ghana-based health services and analytics platform, raised a USD30m round from JAM Fund, Unbound, Lux Capital, Novastar, Social Capital, Northstar and TO Ventures. Citigroup provided an additional USD5m in debt funding. Read More
Vision Plus Capital Reaches ~USD315m Final Close for Third CNY Fund
Vision Plus Capital reached a ~USD315m final close for its third CNY-denominated fund focused on enterprise, health, consumer and advanced tech. New investors include China SME Development Fund, Hangzhou Hi-Tech Investment, Hangzhou Capital and Yuhang Financial Holdings. Read More
Amethis Exits Mauritius’ Velogic via IPO
Amethis exited its 33.77% stake in Mauritius-based logistics company Velogic via the company’s IPO on the Mauritius Stock Exchange. Amethis sold 31.58 million shares for MUR790m (~USD18m). Read More
Tiger Global Leads USD34m Series B+ for Bangladesh’s ShopUp
Tiger Global led a USD34m Series B+ for ShopUp, a Bangladesh-based B2B commerce platform for MSMEs, with participation from Valar Ventures, VEON Ventures, Omidyar, Prosus Ventures, Flourish Ventures and Lonsdale Capital. The extension takes ShopUp’s Series B to USD109m. Read More
NYSCRF Commits USD190m to New York Co-Investment Pool Asia Investor IV
The New York State Common Retirement Fund committed USD190m to New York Co-Investment Pool Asia Investors IV, a co-investment vehicle managed by Asia Alternatives. Read More
Benson Oak Ventures Leads USD1.5m Pre-Series A for UAE’s Verofax
Benson Oak Ventures led a USD1.5m pre-Series A for Verofax, a UAE-based Asset Digitization and Traceability solutions provider, with participation from 500 Global, Wami Capital, and Vernalis Capital. Read More
Berkshire Hathaway and Permira To Exit South Africa’s Teraco Data Environments via Sale to Digital Realty
Berkshire Hathaway and Permira agreed to sell part of their stakes in South Africa-based data center operator Teraco Data Environments to Digital Realty. The deal values the company at a reported USD3.5b. Read More
SoftBank Leads USD127m Round for Brazil’s Alice
SoftBank led a USD127m round for Brazil-based healthcare provider Alice, with participation from G Squared, Globo Ventures, StepStone and Allen & Co, and follow-on from KASZEK and ThornTree Capital Partners. Read More
Mediterrania Partially Exits Morocco’s TGCC via IPO
Mediterrania Capital Partners achieved a partial exit from Morocco-based construction company Travaux Généraux de Construction de Casablanca (TGCC) via the company’s IPO on the Casablanca Stock Exchange. The IPO consisted of a cash-out of MAD300m (~USD32.4m) and a capital increase of MAD300m. Read More
Tybourne Leads USD96m Series C for Indonesia’s Kopi Kenangan
Tybourne Capital Management led a USD96m Series C for Indonesia-based coffee chain Kopi Kenangan, with participation from Falcon Edge Capital and follow-on from Horizons Ventures, Kunlun and B Capital. Read More
Ant’s Consumer Finance Unit Raises ~USD3.5b from Ant Group, China Cinda, Others
Chongqing Ant Consumer Finance, Ant Group’s consumer finance unit, raised CNY22b (~USD3.5b) from a group of investors led by Ant Group and including China Cinda Asset Management, Sunny Optics, Boguan Technology, Yufu Capital and Jiangsu Yuyue Medical Equipment & Supply. As part of the round, China Cinda invested CNY6b (~USD942m) for a 20% stake. Read More