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.
Baring Vostok Invests USD13m in Russia’s Mindbox
Baring Vostok invested USD13m in Mindbox, a Russia-based marketing automation platform. Read More
Nielsen Ventures and Tencent Lead USD15m Series B for Nigeria’s uLesson
Tencent and Nielsen Ventures led a USD15m Series B for Nigeria-based edtech uLesson, with follow-on from Owl Ventures, TLcom Capital and Founder Collective. Read More
VentureSouq Reaches a USD50m Final Close for MENA Fintech Fund I
VentureSouq reached a USD50m final close for its MENA Fintech Fund I. The vehicle will invest in early-stage fintech and SaaS companies in the MENA region and Pakistan. Read More
XSML Reaches USD81m Final Close for African Rivers Fund III
XSML reached a USD81m final close for African Rivers Fund III, exceeding its initial target of USD75m. The fund will provide debt, equity and mezzanine financing to fast-growing SMEs in Central Africa. Read More
TCV-backed Grupa Pracuj Lists on Warsaw Stock Exchange at ~USD1.23b Valuation
Grupa Pracuj, a Poland-based online recruitment company, listed on the Warsaw Stock Exchange at a EUR1.09b (~USD1.23b) valuation, facilitating a partial exit for TCV and other shareholders. Read More
Advent International and SoftBank Lead USD60m Series B+ for Merama
Advent International and SoftBank led a USD60m Series B+ for Merama, a Mexico- and Brazil-based e-commerce brand aggregator, at a reported USD1.2b valuation. Read More
Nubank Raises USD2.6b in NYSE IPO
Brazil-based fintech Nubank raised USD2.6b in its IPO on the NYSE at a reported USD44b valuation. Nubank also listed on the B3 through Brazilian Depositary Receipts. Read More
Khwarizmi Ventures, Nuwa Capital and STV Lead USD13.5m Seed Round for Bahrain’s Calo
Khwarizmi Ventures, Nuwa Capital and STV led a USD13.5m seed round for Bahrain-based foodtech Calo, with participation from 500 Global, Al Faisaliah Group, Vision Ventures, Savour Ventures, Nama Ventures and angel investors. Read More
STV Leads USD42m Series A for UAE’s Opontia
Saudi Technology Ventures led a USD42m Series A comprising equity and venture debt for UAE-based e-commerce enabler Opontia, with participation from Upper 90 and VentureSouq and follow-on from Raed Ventures and Global Founders Capital. Partners for Growth provided venture debt. Read More
IPM Group Leads USD21m Series B for Slovakia’s Photoneo
IPM Group led a USD21m Series B for Slovakia-based robotic vision and intelligence maker Photoneo, with participation from Venture to Future Fund, Earlybird, AI Capital and Credo Ventures. Read More
Steadview Leads USD30m Round for Multiples-Backed MoEngage
Steadview Capital led a USD30m round for MoEngage, a US- and India-based customer engagement platform, with follow-on from Multiples Alternate Asset Management, Eight Roads Ventures, F-Prime Capital and Matrix Partners. Read More
CPP Investments and OTPP To Increase Stake in Mexico’s IDEAL
CPP Investments and Ontario Teachers’ Pension Plan Board (OTPP) agreed to acquire incremental stakes in Mexican infrastructure operator Impulsora del Desarrollo y el Empleo en América Latina (IDEAL). CPP Investments and OTPP will acquire an additional 8.4% and 1.1% stake, respectively. Read More