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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
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