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STIC Investments Leads ~USD840m Investments South Korea’s Iljin Materials
STIC Investments led a KRW1t (~USD840m) investment in Iljin Materials, a South Korea-based producer of electric foils used in lithium batteries and consumer electronics. The transaction includes KRW500b in acquisition financing provided by Korea Development Bank, KB Kookmin Bank and Shinhan Bank. Read More
Huada Semiconductor Leads ~USD1.2b for China’s GTA Semiconductor
Huada Semiconductor led a CNY8b (~USD1.2b) round for China-based chip manufacturer GTA Semiconductor, with participation from CII Fund, Shang QI Capital, Skyworth investment, Xiaomi Changjiang fund, CITIC Industrial Fund, CICC, China Capital Management and Guotai Junan Securities. Read More
AC Ventures Reaches USD205m+ Final Close for Indonesia Early-Stage Fund
AC Ventures reached a USD205m+ final close for its third fund targeting early-stage technology startups based in Indonesia. Read More
10t and Tribe Capital Lead USD50m Series B+ for Brazil’s Mercado Bitcoin
10t and Tribe Capital led a USD50m Series B+ for Brazilian crypto exchange Mercado Bitcoin. Read More
SoftBank Invests USD150m in South Korea’s Zepeto
SoftBank invested USD150m in Zepeto, a South Korean fashion metaverse platform, at a reported USD1b+ valuation. Read More
DNA Capital Invests ~USD200m in Brazil’s Inspirali
DNA Capital acquired a 25% stake in Inspirali, the medical education arm of Brazilian education conglomerate Anima Educacao, for ~USD200m. Read More
Prosus and EDBI Lead ~USD26m Round for Singapore’s Endowus
Prosus Ventures and EDBI led a ~USD26m round for Endowus, a Singapore-based wealth management app, with participation from Z Holdings and follow-on from UBS, Singtel Innov8 and Lightspeed Venture Partners. Read More
DN Capital, Kismet, Spike Ventures, Others Lead USD30m Series A for Algeria’s Yassir
Algeria-based logistics and last-mile delivery startup Yassir raised a USD30m Series A led by WndrCo, DN Capital, Kismet Capital, Spike Ventures and Quiet Capital, with participation from Endeavor Catalyst, FJ Labs, VentureSouq, Nellore Capital, Moving Capital and angel investors. Read More
TIger Global and Insight Partners Lead USD220m Series B for India’s Slice
Tiger Global and Insight Partners led a USD220m Series B for Slice, an India-based credit card issuer, with participation from Advent International, Blume Ventures and others at a reported USD1b+ valuation. Read More
Adenia and Proparco Acquire Morocco’s Overseas Catering Services
Adenia and Proparco acquired Overseas Catering Services, a Morocco-based corporate catering services provider active in Africa and the Middle East, for an undisclosed amount. Read More
KKR Acquires Minority Stake in Malaysia’s Taylor’s Education Group
KKR acquired an undisclosed minority stake in Taylor’s Education Group, a Malaysia-based K-12 education service provider. Read More
Insight Partners Leads USD60m Series C for Hungary’s Bitrise
Insight Partners led a USD60m Series C for Hungary-based mobile DevOps platform Britrise, with follow-on from Partech, Open Ocean, Zobito, Fiedler Capital, Y Combinator and H14. Read More