GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
WestBridge Capital Leads USD100m Series E for India’s LEAD School
WestBridge Capital led a USD100m Series E for India-based edtech LEAD School, with participation from GSV Ventures, at a reported USD1.1b valuation. WestBridge invested USD95m. Read More
TLcom Leads USD10m Series A for Nigeria’s SeamlessHR
TLcom Capital led a USD10m Series A for SeamlessHR, a Nigeria-based, cloud-based HR and payroll software, with participation from Capria Ventures and follow-on from Lateral Frontier Ventures, Enza Capital and Ingressive Capital. Read More
Euphrates Ventures Leads USD3.2m Round for Iraq’s Alsaree3
Euphrates Ventures led a USD3.2m bridge round for Iraq-based Alsaree3 Group, consisting of Alsaree3 (food-delivery) and Al Zajel Express (last-mile delivery services). Read More
Accel Leads USD55m Round for Indonesia’s Pluang
Accel led a USD55m round for Pluang, an Indonesia-based fintech providing consumer savings and investment products, with participation from BRI Ventures, Gold House and angel investors, and follow-on from Openspace Ventures, Square Peg, Go-Ventures and UOB Venture Management. Read More
MDI Ventures Leads USD108m Series C for Indonesia’s Koinworks
MDI Ventures led a USD108m Series C for Indonesia-based fintech Koinworks, with follow-on from Quona Capital, Triodos Bank, Saison Capital, AC Ventures and East Ventures. The round comprised USD43m in equity and USD65m in debt. Read More
SoftBank Leads USD48m Series B for Colombia’s Laika
SoftBank led a USD48m Series B for Laika, a Colombia-based e-commerce platform for pet goods and services, with participation from Delivery Hero, JAM Fund and FJ Labs, and angels Carlos Garcia (Kavak), Emil Michael (Uber) and Pedro Garay (GBM). Read More
Primavera Leads USD100m Series B for China’s Starfield
Primavera Capital led a USD100m Series B for Starfield, a plant-based food company based in China, with participation from Zeng Ming of Alibaba Group and follow-on from ky9 Capital, Joy Capital, Matrix Partners and Lightspeed China. Read More
TPG Raises USD1b in Nasdaq IPO
TPG raised USD1b in its IPO on the Nasdaq at a reported USD9b valuation. Read More
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