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General Catalyst Leads USD700m Series E for Mexican Car Resale Marketplace Kavak
Mexican car resale marketplace Kavak raised a USD700m Series E led by General Catalyst, with participation from Tiger Global, SoftBank, Ribbit Capital, Spruce House, D1 Capital, SEA and Founders Fund at a reported USD8.7b valuation. Read More
Hai Robotics Raises USD200m Combined Series C & D from 5Y Capital, Capital Today, Others
China-based warehouse robotics maker Hai Robotics raised a USD200m combined Series C and D. 5Y Capital led the Series C with participation from Sequoia China, Source Code Capital, VMS, Walden International and Scheme Capital. Capital Today led the Series D, with follow-on from Sequoia China, 5Y, Source Code Capital, Legend Star and 01VC. Read More
Monk’s Hill Leads USD11.5m Series A for Indonesia’s Dagangan
Monk’s Hill Ventures led a USD11.5m Series A for Dagangan, a social e-commerce platform for underserved rural communities in Indonesia, with participation from MMS Group, K3 Ventures, Spiral Ventures and Plug and Play Indonesia. Read More
Re-Pie Leads USD30m Series A for Turkish Fintech Colendi
Re-Pie Asset Management led a USD30m Series A for Colendi, a Turkey-based payment solution and micro-crediting platform. Re-Pie invested USD12m through its Colendi Private Equity Investment Fund. Read More
Helios Exits 49% Stake in GBFoods Africa via Sale to GBFoods
Helios Investment Partners sold its 49% stake in GBFoods Africa, a joint venture created by Helios and GBfoods, to GBFoods. Read More
CDC Group Commits Combined USD50.9m to Convergence Partners and Metier-Led Consortium
CDC Group committed USD40m to Convergence Partners Digital Infrastructure Fund, a fund managed by Convergence Partners, contributing to its USD120m first close; CDC also committed USD10.9m to a consortium led by Metier which invested USD36m in Africa Mobile Networks, a developer and operator of mobile network base stations in Sub-Saharan Africa. Read More
Platinum Equity Exits Singapore’s PCI via USD306m Sale to Celestica
Platinum Equity sold PCI, a Singapore-based electronics manufacturing services provider, to Canada-based Celestica for USD306m. Read More
Sequoia Capital, Think Investments, Elevation Capital and Beenext Lead USD31m Series B for India’s FloBiz
FloBiz, an India-based mobile billing app for distributors, wholesalers, traders and retailers, raised a USD31m Series B led by Sequoia Capital India, Think Investments and existing investors Elevation Capital and Beenext. Read More
Lighthouse Ventures Leads USD1m Pre-Seed Round for Lithuania’s Kernolab
Lighthouse Ventures led a EUR855k (~USD1m) pre-seed round for Lithuanian fintech Kernolab, with follow-on from Startup Wise Guys. Read More
SoftBank, Tencent, DST Global, Alpha Wave, Others Invest USD450m Equity & Debt in India’s Cars24
India-based auto resale marketplace Cars24 raised USD450m in equity and debt funding from SoftBank, Tencent, DST Global, Falcon Edge’s Alpha Wave Incubation and others. The first tranche, a USD259m round at a reported USD1.75b valuation from DST Asia, Alpha Wave, Tencent, Moore Strategic Partners, Exor Seeds and others, was announced in September 2021. Read More
Shunwei and Xiaomi Lead USD35m Series C for China’s New Core Technology
Shunwei Capital and Xiaomi led a USD35m Series C for New Core Tech, a China-based ERP provider for the manufacturing industry, with participation from Northern Light Venture Capital and Cowin Capital. Read More
D1 Capital Leads USD138m Series D for China’s XTransfer
D1 Capital Partners led a USD138m Series D for XTransfer, a China-based cross-border payment services provider, with follow-on from existing investors. Read More