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Insight Partners Leads USD15m Series B for Poland’s Spacelift
Insight Partners led a USD15m Series B for Spacelift, a Poland- and US-based integrated management platform for infrastructure as code, with follow-on from Blossom Capital, Inovo Venture Partners and Hoxton Ventures. Read More
WestBridge Capital Leads USD50m Debt & Equity Round for India’s Fraazo
WestBridge Capital led a USD50m debt and equity round for India-based D2C fresh produce delivery service Fraazo, with participation from Sixth Sense Ventures, Equanimity Investments, Apar Global Ventures and unnamed Indian family offices. Read More
Abbisko Raises USD225m in HKEX IPO
China-based biotech Abbisko Therapeutics raised USD225m in its IPO on the HKEX. Shareholders in Abbisko include Lilly Asia Ventures, Qiming Venture Partners, Temasek and The Carlyle Group, among others. Read More
CPP Investments Invests ~USD270m in Joint Venture with Votorantim
CPP Investments and the Votorantim Group agreed to consolidate several Brazilian energy assets to create a new combined company to be listed on the B3. CPP Investments will invest BRL1.5b (~USD270m) in the business, while Votorantim Energia will incorporate Votene (its energy trading company) along with other assets. Read More
Vitalbridge Capital Reaches USD275m Final Close for Second USD Fund
Vitalbridge Capital reached a USD275m final close for its second USD-denominated fund. Vitalbridge focuses on healthcare technology and digital supply chains. Read More
South Korea’s K Car Raises ~USD285m IPO; Hahn & Co. Partially Exits
South Korea-based automotive marketplace K Car raised ~KRW336b (~USD285m) in its IPO on the Korea Exchange. Hahn & Co. sold 12.3 million shares for ~KRW306b (~USD259m), reducing its holding from 100% to 72%. Read More
Inspired Evolution Leads USD15m Round for d.light
Inspired Evolution, through its Evolution II Fund, led a USD15m round for d.light, a US-headquartered solar energy company with operations in Africa and Asia, with participation from FMO, Norfund, Swedfund, Shell New Energies and KawiSafi Ventures. Read More
Bain Capital Acquires 43% Stake in Brazil’s Bionexo
Bain Capital, through Bain Capital Tech Opportunities, invested BRL450m (~USD81.6m) for a 43% stake in Brazil-based healthcare software company Bionexo at a reported BRL1.1b (~USD199.5m) valuation, facilitating a partial exit for Prisma Capital and Apus. Read more here and h Read More
Fat Projects Acquisition SPAC Raises USD100m on Nasdaq
Fat Projects Acquisition Corp. launched a USD100m SPAC on the Nasdaq. The vehicle will target technology-led businesses in the areas of supply chain, transportation, logistics, finance, sustainability, ESG, food, agriculture, e-commerce and big data in Southeast Asia. Read More
BPEA Secures USD3.2b ESG Credit Facility
Baring Private Equity Asia secured a USD3.2b ESG-linked credit facility to support its private equity platform. The credit facility will be subject to sustainability performance targets in areas such as gender diversity and climate change. Read More
Tencent & SoftBank Lead USD200m Series F for Brazil’s CargoX
Tencent and SoftBank led a USD200m Series F for CargoX, a Brazil-based trucking marketplace, with participation from Valor Capital Group and multi-family office Oikos, and follow-on from Lightrock. Tencent and SoftBank committed USD150m of the total round. Read More
Quest Ventures and TNB Aura Lead USD6.8m Seed Round for Singapore’s ION Mobility
Quest Ventures and TNB Aura led a USD6.8 seed round for Singapore-based smart electric motorbike company ION Mobility, with participation from GDP Venture, Monk’s Hill Ventures, Seeds Capital and 500 Durians. Read More