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Accel Leads USD75m Series B for Singapore’s Nansen
Accel led a USD75m Series B for Singapore-based blockchain data analytics platform Nansen, with participation from GIC, a16z, Tiger Global, SCB 10X, Amplify Partners, L1 Digital, Skyfall Ventures, Folius Ventures, Old Fashion Research and others. Read More
Medical Credit Fund Reaches ~USD37m Final Close for Fund II
Medical Credit Fund reached a EUR32.5m (~USD37m) final close for its second fund which will provide financing to SMEs within the health sector in sub-Saharan Africa. Read More
Alitheia IDF Reaches USD100m Final Close
Alitheia IDF, a women-focused PE fund, reached a USD100m final close. The fund aims to bridge the financing gap for women-led or owned businesses in Africa. EIB committed USD24.6m to the fund. Read More
Wellington Management Leads USD186m Series E for Brazil’s olist
Wellington Management led a USD186m Series E for Brazil-based marketplace aggregator olist at a reported USD1.5b valuation, with participation from Valor Capital Group, SoftBank, Corton Capital, Globo Ventures, Goldman Sachs and angel Kevin Efrusy. Read More
Axxon Partners Invests ~USD18m+ in Brazil’s JA Saúde Animal
Axxon Partners invested over BRL100m (~USD18m) for a minority stake in JA Saúde Animal, a Brazil-based veterinary pharmaceutical company. Read More
BECO Capital Leads USD52.5m Series C+ for Fresha; MEVP Partially Exits
BECO Capital and Michael Lahyani (Property Finder) led a USD52.5m Series C+ for Fresha, a UAE-founded beauty and wellness software platform, with follow-on from General Atlantic, Partech, Target Global and FMZ Ventures, at a reported USD640m valuation. MEVP achieved a partial exit from Fresha through a secondary sale. Read more here and h Read More
CRV Leads USD50m Series B for Latvia’s Lokalise
CRV led a USD50m Series B for Latvia-based continuous localization platform Lokalise, with participation from Creandum and Dawn Capital, and follow-on from Chalfen VC, 3VC and S16VC. Read More
TPG, ADIA and Temasek Invest USD350m in Vietnam’s The CrownX
A consortium of investors including TPG, ADIA and Temasek invested USD350m in The CrownX, the retail arm of Vietnam-based conglomerate Masan Group. Read More
Sichuan Energy Investment, CDH Investments, Others Invest USD940m Series B+ for China’s Svolt Energy
China-based EV battery maker Svolt Energy raised a CNY6b (USD940m) Series B + from Sichuan Energy Investment, Han’s Laser Technology, Changzhou Xingyu, CDH Investments and Industrial Bank. Read More
Equinix to Acquire Nigeria’s MainOne for USD320m; Exits for Harith, AfDB, Others
Equinix agreed to acquire Nigeria-based data center MainOne in an all-cash deal for USD320m, facilitating an exit for Harith General Partners, Africa Finance Corporation, FBN Capital, Polaris and the African Development Bank. Read More
Insight Partners, Sequoia India and Insignia Lead USD48m Series B in Indonesia’s Flip
Insight Partners, Sequoia Capital India and Insignia Venture Partners led a USD48m Series B for Indonesia-based consumer payments platform Flip. Read More
LAUNCHub Ventures Reaches ~USD84m Final Close for Second Fund
LAUNCHub Ventures reached a EUR74m (~USD84m) final close for its second fund targeting seed-to-Series A investments in SaaS, fintech, proptech, big data, AI, marketplaces, digital health and blockchain startups from the southeast region of Europe. Read More