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CDC Sells Stake in GEMS Africa Back to Company
CDC Group divested its minority stake in GEMS Africa, a subsidiary of Dubai-based GEMS Education focused on the development of educational services across sub-Saharan Africa, via a sale to GEMS Education. Read More
CDC Commits USD70m to EverSource’s Green Growth Equity Fund
CDC Group committed USD70m to Green Growth Equity Fund, an India-focused climate change fund managed by EverSource Capital. Read More
Monk’s Hill Leads USD2.8m Series A for Singapore’s Doyobi
Monk’s Hill Ventures led a USD2.8m Series A for Doyobi, a Singapore-based provider of STEM teaching resources, with participation from Tresmonos Capital, Novus Paradigm Capital, XA Network and angel investors Quek Siu Rui (Carousell), Oswald Yeo and Seah Ying Cong (Glints), and Reuben Lai (Grab Financial). Read More
Tiger Global Leads USD35m Series A for Argentine Payments Platform Pomelo
Tiger Global led a USD35m Series A for Pomelo, an Argentina-based payments infrastructure platform for fintechs, with participation from monashees, Insight Partners, Index Ventures, SciFi, QED Investors, BoxGroup, Greyhound, Gilgamesh Ventures and Clocktower. Read More
Matrix Partners Leads USD10m Round for India’s FarMart
Matrix Partners India led a USD10m round for India-based food supply SaaS platform FarMart, with participation from Innoven Capital and follow-on from Omidyar Network India, Avaana Capital and 500 Global. The round facilitated an exit for Indian Angel Network and LetsVenture. Read More
Alibaba Leads ~USD88m Series D for China’s Creative Biosciences
Alibaba led a CNY560m (~USD88m) Series D for Creative Biosciences, a China-based early-stage cancer screening solutions company, with participation from Huaxing Growth Capital, Co-Stone Asset Management, ABC International and Henglu Asset Management, and follow-on from IDG Capital. Read More
XPeng, IDG and 5Y Lead USD500m Series A for China’s HT Aero
XPeng, IDG Capital and 5Y Capital led a USD500m Series A for HT Aero, a China-based urban air mobility company backed by XPeng, at a reported USD1b valuation, with participation from Sequoia Capital China, Eastern Bell Capital, GGV Capital, GL Ventures and Yunfeng Capital. Read More
Primavera Capital Invests USD600m in Envision Group’s Subsidiaries
Primavera Capital invested USD600m in Envision Energy and Envision AESC, two subsidiaries of Envision Group, a China-based manufacturer of wind turbines, smart batteries and renewable energy management systems. Read More
L Catterton Leads Investment for Mexico’s Ben & Frank
L Catterton led an undisclosed investment for Ben & Frank, a Mexican D2C eyewear brand, with follow-on from Dila Capital. Read More
GV Leads USD16.6m Series A for Czech Republic’s Resistant AI
GV led a USD16.6m Series A for Czech Republic-based anti-fraud tech startup Resistant AI, with follow-on from Index Ventures, Credo Ventures and Seedcamp. Read More
QED Investors and KASZEK Lead USD40m Series C for Brazilian Fintech Hash
QED Investors and KASZEK led a USD40m Series C for Hash, a Brazil-based payment services provider for non-financial companies looking to offer banking services, with participation from Endeavor Scale-Up Ventures. Read More
Turkven Leads USD24m Series B for Picus Security
Turkven led a USD24m Series B for Picus Security, a US- and Turkey-based Breach and Attack Simulation (BAS) technology company, with participation from Earlybird Venture Capital. Read More