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Upstart Leads USD145m Series E for Emerging Markets-Focused Lender Tala
Emerging markets-focused digital lender Tala raised a USD145m Series E led by Upstart, with participation from The Stellar Development Foundation’s Enterprise Fund and angel investors. Existing investors IVP, Revolution Growth and Lowercase Capital followed on. Read More
AIIM Completes ~USD370m Capital Increase for IDEAS Fund
AIIM completed a ZAR5.5b (~USD370m) capital increase for its IDEAS Managed Fund, bringing the overall size of the open-ended fund to more than ZAR22b (~USD1.48b). Read More
IHS Towers Raises USD378m in NYSE IPO; ECP, MTN, AIIM, FMO, Ninety One & Goldman Sachs Partially Exit
Nigeria-based telecommunications infrastructure company IHS Towers raised USD378m in its IPO on the NYSE. The company issued 18m shares and investors including ECP, MTN, AIIM, FMO, Ninety One and Goldman Sachs sold an additional 4.5m shares. Read More
Actis Reaches USD4.7b Final Close for Energy Fund
Actis reached a USD4.7b final close for its Actis Energy 5, with an additional USD1.3b in capital for co-investments, exceeding the fund’s USD4b target. The vehicle will invest in power-generation projects globally, with a focus on emerging markets. Read More
JICA Invests USD2.5m in Sanergy’s Nairobi Black Soldier Fly Project
The Japanese International Cooperation Agency invested USD2.5m in Sanergy, a Kenya-based sanitation and waste management solutions company, to support the Black Soldier Fly project, its organic waste transformation effort in Nairobi and beyond. Sanergy collects organic waste and transforms it into insect feed, fertilizer and biofuel by using black soldier fly larvae. Read More
Adenia Partners Acquires Kenya’s Altilands
Adenia Partners acquired a majority stake in Altilands, the parent company of Red Lands Roses, a Kenya-based grower of fresh-cut roses, for an undisclosed amount. Read More
LeapFrog Leads USD250m Series E for India’s CarDekho
LeapFrog Investments led a USD250m Series E for India-based auto resale marketplace CarDekho at a reported USD1.2b valuation, with participation from Mirae Asset, Canyon Partners, Franklin Templeton, Harbor Spring Capital and follow-on from Sequoia Capital India and Sunley House. The round comprised USD200m in equity and USD50m in debt. Read More
Anchor Equity Partners Reaches USD1.6b Final Close for South Korea & North Asia Fund
Anchor Equity Partners reached a USD1.6b final close for its fourth fund focused on South Korea and North Asia. Read More
Creandum Leads USD17.4m Series A for Poland’s Vue Storefront
Creandum led a USD17.4m Series A for Vue Storefront, a Poland-based frontend platform for headless commerce, with participation from Earlybird Venture Capital and Paua Ventures. Read More
Alkeon Capital Leads USD125m Series B for India’s Hubilo
Alkeon Capital led a USD125m Series B for Hubilo, an hybrid events platform founded in India and headquartered in the US, with participation from Lightspeed Venture Partners and Balderton Capital. Read More
Tiger Global Leads USD35m Series C for India’s M2P Fintech
Tiger Global led a USD35m Series C for India-based API infrastructure company M2P Fintech, with follow-on from Beenext, Flourish Ventures, Omidyar Network India, 8i Ventures, Better Capital and the DMI Group. Read More
Lendable Reaches USD49m First Close for Emerging Market Fintech Fund
Emerging market fintech credit provider Lendable reached a USD49m first close for its Lendable MSME Fintech Credit Fund. The vehicle, which has an initial target size of USD100m, will provide credit to African and Asian fintech companies that offer credit facilities and financial services to MSMEs. DFC, DFAT, Calvert, Ceniarth, BIO, FMO and FSD Africa invested in the fund. Read… Read More