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Nuwa, Crealize, BY Venture Partners and Alfa Partner Lead USD5m Pre-Series B for UAE’s Seez
Nuwa Capital, Crealize, BY Venture Partners and Alfa Partner Holding invested a USD5m pre-Series B for UAE-based automotive retail startup Seez. Read More
A.P. Moller Acquires 44% Stake in Cape Verde’s Cabeolica
A.P. Moller acquired a 44% stake in Cape Verde-based wind energy producer Cabeolica from Africa Finance Corporation via a secondary deal for an undisclosed amount. Read More
Spice Private Equity Acquires Argo Seguros Brasil for ~USD30m
Spice Private Equity acquired Argo Seguros Brasil, the Brazilian unit of specialty insurance underwriter Argo Group International Holdings, for BRL160m (~USD30m). Read More
Prosus, Tencent and B Capital Lead USD87m Series B for Indonesia’s Ula
Prosus Ventures, Tencent and B Capital led a USD87m Series B for Ula, an Indonesia-based B2B e-commerce marketplace, with participation from Bezos Expeditions, Northstar, AC Ventures and Citius, and follow-on from Lightspeed India, Sequoia Capital India, Quona Capital and Alter Global. Read More
Oxshott Capital Partners Leads USD296m Investment in India’s Byju’s
Indian edtech Byju’s raised USD296m led by Oxshott Capital Partners at a reported USD18b valuation, with participation from XN Exponent, Edelweiss, Verition Master Fund, IIFL, MarketX Ventures and Time Capital Advisors. The investment is part of the company’s Series F round. Read More
DPI Reaches USD900m Final Close for ADP III
Development Partners International reached a USD900m final close for African Development Partners III (ADP III), with an additional USD250m of dedicated co-investment capital. The fund will invest in established and growing companies in industries that benefit from Africa’s fast-growing middle class and the increasing digital transformation of the continent. Read More
DPI Reaches USD900m Final Close for ADP III
Development Partners International (DPI) announced that African Development Partners III Fund (ADP III) has held a final close at USD900m, with an additional USD250m of dedicated co-investment capital commitments. Investors in the fund include DPI’s existing limited partners, as well as more than 25 new investors. ADP III will invest in established and growing companies across Africa and has already… Read More
Tiger Global and Point72 Ventures Lead USD20m Series A for Colombian HRtech Ontop
Tiger Global and Point72 Ventures led a USD20m Series A for Ontop, a Colombian onboarding and payroll management platform for companies with international teams, with participation from SoftBank. Point72 Ventures led a USD4.5m seed round in June. Read More
DST Global Leads USD153m Series B for Indonesia’s Ajaib
DST Global led a USD153m Series B for Indonesia-based investment app Ajaib at a reported USD1b valuation, with follow-on from Ribbit Capital, IVP, ICONIQ Capital, Insignia Ventures, Alpha JWC Ventures, SoftBank and Horizons Ventures. Read More
Adiwale Partners Reaches ~USD70m Final Close for Fund I
Adiwale Partners reached a EUR60m (~USD70m) final close for Adiwale Partners Fund I. The vehicle will provide growth capital to SMEs primarily in Côte d’Ivoire, Senegal, Mali and Burkina Faso. Read More
Alteria Capital Reaches ~USD242m Final Close for Second Venture Debt Fund
Alteria Capital reached a INR18b (~USD242m) final close for its second venture debt fund. Read More
Acced Leads USD23m Series A for Mexican SMB Payments Platform Higo
Accel led a USD23 Series A for Higo, a a Mexican B2B payments platform for SMEs, with participation from Tiger Global and angels Claire Hughes-Johnson and Cristina Cordova (Stripe), and follow-on from Haystack, Homebrew, Audacious, Susa Ventures and J Ventures. Read More