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YC, Afore, FJ Labs, Others Invest USD3.2m Seed Round for Namibia’s JABU
JABU, a Namibia-based, last-mile e-commerce distribution startup, raised a USD3.2m seed round from YC, Afore Capital, FJ Labs, Quiet Capital, Kli Capital and Pareto Capital. Read More
Tiger Global and Bessemer Lead USD25m Round for India’s Rupifi
Tiger Global and Bessemer Venture Partners led a USD25m round for Rupifi, an India-based provider of BNPL services for marketplaces, with follow-on from Quona Capital and Ankur Capital. Read More
Vinci Acquires Brazil’s Porto Pontal
Vinci Partners acquired Brazil-based port terminal Porto Pontal from JCR Group for an undisclosed amount. The fund plans to invest BRL3b (~USD526m) in the project. Read More
Sequoia China, Morningside and Others Invest USD100m Series B for China’s Virtue Diagnostics
Virtue Diagnostics, a China-based in-vitro diagnostics company focused on cancer, infectious diseases and chronic diseases, raised a USD100m Series B from Sequoia China, Morningside Ventures and ORIZA Holdings, with follow-on from Lilly Asia Ventures and PerkinElmer Ventures. Read More
ICONIQ Growth, Accel, Dragoneer, Others Invest USD400m Series C for Russia-Founded Miro
Miro, a US-based online visual collaboration platform founded in Russia, raised a USD400m Series C from ICONIQ Growth, Accel, Atlassian, Dragoneer Investment Group, GIC, Salesforce Ventures and TCV at a reported USD17.5b valuation. Read More
Carlyle Acquires 10% Stake in South Korea’s Hyundai Clovis for ~USD510m
The Carlyle Group acquired a 10% stake in South Korea-based Hyundai Glovis, the logistics arm of Hyundai Motor Group, for ~USD510m. Read More
IGM Financial To Acquire 13.9% Stake in China Asset Management for ~USD900m
IGM Financial subsidiary Mackenzie Financial Corporation agreed to acquire a 13.9% stake in China Asset Management from Power Corporation of Canada for ~USD900m. Read More
Impact46-Backed Jahez Lists on Nomu
Jahez, a Saudi Arabia-based online food delivery platform backed by Impact46, listed on the Saudi Exchange’s Parallel Market (Nomu) with a market capitalization of USD2.4b. Read More
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