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CDC and Tencent Invest USD70m Series B+ for South Africa’s TymeBank
CDC and Tencent invested a USD70m Series B+ for South Africa-based digital bank TymeBank. The company raised a USD110m Series B led by Apis Partners and JG Summit Holdings in February 2021. Read More
Evolvence, Schroders Capital, CDC, Chiratae, Others Invest USD70m in India’s AgroStar
India-based agtech AgroStar raised USD70m from Evolvence, Schroders Capital, Hero Enterprise and CDC, with follow-on from Aavishkaar Capital, Accel, Bertelsmann, Chiratae Ventures and Rabo Frontier Ventures. Read More
Coatue Leads USD70m Series B for Mexico’s Clara
Coatue led a USD70m Series B for Clara, a Mexican startup offering corporate expense management startups, at a reported USD1b valuation, with participation from A*, ICONIQ Growth, Box Group and Gaingels, and follow-on from monashees, DST Global, Picus Capital, GFC, Avid Ventures, General Catalyst and Alter Global. Read More
INCE Capital Leads USD10m Series B for China’s Qiutianmanman
INCE Capital led a USD10m Series B for China-based food brand Qiutianmanman, with follow-on from Shunwei Capital and Crystal Stream. Read More
Temasek, Cathay Capital and Haochen Capital Lead USD55m Series B for China’s WeNext
Temasek, Cathay Capital Private Equity and Haochen Capital led a USD55m Series B for China-based 3D printing startup WeNext Technology, with participation from Creo Capital and follow-on from Nio Capital and CAS Investment Management. Read More
Tiger Global Leads USD110m Round for India’s Bizongo
Tiger Global led a USD110m round for Bizongo, an India-based B2B marketplace for packaging materials, with follow-on from B Capital, IFC and CDC. Schroder, Chiratae Ventures, Adveq, Bruno E. Raschle, Add Ventures Capital, Castle Investment and Satyadharma Investments also participated in the round. Read More
KRAFTON Leads USD11m Series B for Jordan’s TamatemGames
South Korea-based game developer KRAFTON led a USD11m Series B for Jordan-based mobile game publisher TamatemGames, with participation from Venture Souq and Endeavor Catalyst and follow-on from existing investors. Read More
IFC Leads USD110m Equity & Debt Round for Nigeria’s TradeDepot
IFC led a USD110m Series B comprising a mix of equity and debt for Nigeria-based B2B e-commerce startup TradeDepot, with participation from Novastar, Sahel Capital, CDC Group and Endeavor Catalyst, and follow-on from Partech and MSA Capital. Arcadia Funds provided debt. Read More
Ninety One’s EAIF, Proparco and AfDB Provide ~USD40.7m in Financing for Chad’s Djermaya Solar Project
AfDB, Proparco and Ninety One‘s EAIF agreed to provide EUR36m (~USD40.7m) in financing for InfraCo Africa’s Djermaya solar project in Chad. Read More
DPI-Backed Dolidol Acquires Nigeria’s Mouka from Actis for USD60m
Dolidol, a Morocco-based bedding and mattress manufacturer and distributor backed by DPI, acquired Mouka, a Nigeria-based mattress maker, from Actis for USD60m. Read More
I&P Exits Kenya’s Afribon via Sale to Kerry Group
Investisseurs & Partenaires exited its investment in Kenya-based food flavors company Afribon via a sale to the Kerry Group for an undisclosed amount. Read More
DAI Acquires MicroVest
DAI acquired emerging markets-focused microfinance lender MicroVest Capital Management for an undisclosed amount. Read More