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Huaxing Growth Capital Reaches USD550m First Close for USD Fund IV
Huaxing Growth Capital reached a USD550m first close for its fourth USD-denominated fund, targeting investments in innovative, tech-driven companies in China. Read More
AfricInvest Acquires Minority Stake in Nigeria’s Royal Exchange General Insurance Company
AfricInvest, through its evergreen PE fund FIVE, acquired a minority stake in RoyalExchange General Insurance Company, a Nigeria-based insurance company, for an undisclosed amount. Read More
Base Partners and Untitled Lead USD27m Round for Brazilian Coding School Trybe
Base Partners and Untitled led a USD27m round for Trybe, a Brazilian online coding school, with participation from Endeavor Scale Up Ventures and follow-on from GFC. Read More
SoftBank, Riverwood, Igah and Volpe Invest ~USD56m in Brazil’s CRM&BONUS
Brazilian cashback platform CRM&BONUS raised ~USD56m from SoftBank, Riverwood Capital, Igah Ventures and Volpe Capital at a reported ~USD200m valuation. Read More
Andreessen Horowitz Leads USD152m Series B for Vietnam’s Sky Mavis
Andreessen Horowitz led a USD152m Series B for Sky Mavis, a Vietnam-based crypto video game developer, with participation from Accel, Samsung Next Ventures, 500 Vietnam, Not Boring Capital, Paradigm, Libertus Capital and Fabric Ventures. Read More
KKR Makes USD171m Follow-On Investment in Philippines’ First Gen
KKR made a USD171m follow-on investment for an additional 7.3% stake in Philippines-listed power developer First Gen Corp, bringing its stake to 19.9%. KKR first invested in the company in June 2020. Read More
Andreessen Horowitz and Coinbase Lead USD260m Series C for India’s CoinSwitch Kuber
Andreessen Horowitz and Coinbase Ventures led a USD260m Series C for India-based crypto exchange CoinSwitch Kuber at a reported USD1.9b valuation, with participation from Sequoia Capital India, Tiger Global, Paradigm and Ribbit Capital. Read More
Ninety One Acquires 10% Stake in South Africa’s Truworths
Ninety One acquired a 10% stake in South Africa-based fashion retailer Truworths for an undisclosed amount. Read More
Greenoaks and SoftBank Lead USD50m Series A for Chilean HRtech Buk
Greenoaks and SoftBank led a USD50m Series A for Buk, a Chilean employee workflow and payroll management platform, at a reported USD417m valuation. Read More
Patria Acquires Neosecure and Proteus
Patria Investimentos acquired cybersecurity companies Neosecure and Proteus and plans to invest USD250m in the cybersecurity sector in Latin America. Read More
IIFL Leads USD52m Series G for India’s Licious
IIFL led a USD52m Series G for Licious, an India-based D2C e-commerce platform for fresh food, at a USD1b reported valuation. Temasek and Multiples led the company’s USD192m Series F in July 2021. Read More
XP Invests ~USD18m in Brazil’s Alife-Nino
XP invested BRL100m (~USD18m) in Alife-Nino, a chain comprising 31 bars and restaurants in Brazil. Read More