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Climate Fund Managers Reaches USD675m First Close for Climate Investor Two
Climate Fund Managers reached a USD675m first close for Climate Investor Two. The fund has a target size of USD1b and will focus on investments in sustainable infrastructure in climate change adaptation sectors across emerging markets. Read More
IDG Capital, CDH Venture and Growth Capital and CICC Capital Lead USD84m Series B for China’s Changmugu
IDG Capital, CDH Venture and Growth Capital and CICC Capital led a USD84m Series B for Changmugu, a China-based healthtech focused on orthopaedics, with follow-on from YuanBio Venture Capital. Read More
GGV and GIC Lead USD125m Series C for Mexico’s Stori
GGV and GIC led a USD125m Series C for Stori, a Mexico-based credit card issuer, with participation from General Catalyst, Goodwater Capital and Tresalia Capital, and follow-on from Lightspeed, Vision Plus Capital, BAI Capital and Source Code Capital. Stori also secured USD75m in debt financing from Community Investment Management. Read More
ADIA Leads USD1.3b Pre-IPO Round for Indonesia’s GoTo
ADIA led a USD1.3b pre-IPO round for Indonesia-based super app GoTo, with participation from Primavera Capital, Permodalan Nasional Bhd and Fidelity, and follow-on from Google, Tencent and Temasek. Read More
Jordan’s Eon Dental Raises USD26m Series B from Arab Palestinian Investment Company, otf Jasoor Ventures, Others
Jordan-based dental technology company Eon Dental raised a USD26m Series B led by a global MedTech fund together with the Arab Palestinian Investment Company, otf Jasoor Ventures, Endeavor Catalyst, Spartech Ventures and Bank al Etihad. Existing investors Hummingbird Ventures and Silicon Badia re-upped. Read More
IG4 Capital Acquires 50% of Chile’s Adelco for USD57m
IG4 Capital acquired 50% of Chile-based logistics operator Adelco for USD57m. Read More
AfricInvest, Goodwell and LUN Partners Lead USD70m Series C for MFS Africa
AfricInvest Five, Goodwell Investments and LUN Partners Group led a USD70m Series C for Ghana-based digital payments network MFS Africa, with participation from ShoreCap, CommerzVentures, Allan Gray Ventures, Endeavor Catalyst and Endeavor Harvest. The deal included a USD30m debt facility. Read More
TPG-Backed Nykaa Raises USD721m IPO
Nykaa, an Indian fashion e-commerce platform backed by TPG and others, raised ~USD721m in its IPO on the BSE and NSE. Read More
General Atlantic Reaches USD7.8b Final Close for Sixth Fund
General Atlantic reached a USD7.8b final close of its sixth flagship fund, surpassing the fund’s initial target of USD5b. The firm invests in technology-enabled companies globally across the consumer, financial services, healthcare, life sciences and technology sectors. Read More
IFC to Invest USD100m in DigitalBridge Projects in Latin America
IFC agreed to invest USD100m in digital infrastructure assets managed by DigitalBridge, a global digital infrastructure investment firm. These include Scala, a Brazilian data center operator; EdgePoint, a tower investment platform with operations in Indonesia and Malaysia; and Highline, a Brazilian independent provider of wireless communications infrastructure and tower operator. Read More
AIA Leads USD258m Series E for Vietnam’s Tiki
AIA led a USD258m Series E for Tiki, a Vietnam-based e-commerce supply chain startup, with participation from Mirae Asset-Naver Asia Growth Fund, Taiwan Mobile and Yuanta Fund, and follow-on from STIC Investments. Read More
General Atlantic Leads USD125m Round for Brazil’s isaac
General Atlantic led a USD125m round for isaac, a Brazil-based financial management platform for schools, with participation from SoftBank and KASZEK. Read More