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Lone Pine Capital Leads USD200m Series E for Australia- and China-Based Airwallex
Lone Pine Capital led a USD200m Series E for Australia- and China-headquartered fintech Airwallex, with participation from G Squared and Vetamer Capital Management, and follow-on from 1835i Ventures, DST Global, Salesforce Ventures and Sequoia Capital China, at a reported USD4b valuation. Read More
Advent to Acquire Controlling Stake in India’s Eureka Forbes for USD597m
Advent International agreed to acquire a controlling stake in India-based consumer electronics company Eureka Forbes for USD597m. Read More
DFC Approves USD1.4b+ in New Investments for COVID-19 Response, Global Health, Gender Equity, Technology & Renewable Energy
DFC approved more than USD1.4b in new investments for COVID-19 response, global health, gender equity, technology and renewable energy. Read More
Openspace Leads USD12m Series A for Thailand’s SCB Abacus
Openspace Ventures led a USD12m Series A for Thailand-based digital lending platform SCB Abacus, with participation from Vertex Ventures Southeast Asia and CAI Partners. Read More
SoftBank & Greenoaks Partially Exit South Korea’s Coupang
SoftBank Vision Fund sold 57 million shares in South Korea-based e-commerce platform Coupang for USD1.69b. Greenoaks also exited an estimated USD2b worth of shares in Coupang through in-kind distributions between August and September 2021 Read More
Monk’s Hill Leads USD2.6m Pre-Series A for Vietnam’s CoderSchool
Monk’s Hill Ventures led a USD2.6m pre-Series A for Vietnam-based coding school CoderSchool, with participation from XA Network and iSeed Ventures and follow-on from Iterative. Read More
FMO, Force Over Mass Capital and NN Group Lead USD18m Series A for Egypt’s Dopay
FMO, Force Over Mass Capital and NN Group led a USD18m Series A for Egypt-based fintech Dopay, with participation from Alder Tree Investments and Mbuyu Capital. Read More
Cathay AfricInvest Innovation Fund Leads USD25m Series B for Nigeria’s 54Gene
Cathay AfricInvest Innovation Fund led a USD25m Series B for Nigeria-based genomics company 54gene, with participation from KdT Ventures, Plexo Capital, Endeavor Catalyst and Ingressive Capital, and follow-on from Adjuvant Capital. Read More
Brookfield Exits Chile’s Autopista Vespucio Norte and Túnel de San Cristóbal via ~USD402m Sale to Globalvía
Brookfield fully exited its 34% stake in Chile-based Autopista Vespucio Norte and Túnel de San Cristóbal concessions via a EUR340m (~USD402m) sale to Spain-based Globalvía. Read More
CDH Leads USD108m Series C for China’s IASO
CDH Baifu, an asset management platform under CDH Investments, led a USD108m Series C for IASO Biotherapeutics, a China-based clinical-stage biopharmaceutical company, with participation from CCB International, Everbright, Co-Stone Capital, CNCB Capital and Plaisance Capital, and follow-on from GL Ventures. Read More
Invesco Developing Markets Fund Invests USD100m in India’s Pine Labs
Invesco Developing Markets Fund invested USD100m in India-based digital retail payments platform Pine Labs. In July 2021, Pine Labs raised a USD600m round at a reported USD3b valuation from Fidelity Management & Research Company, BlackRock, Ishana, IIFL and Kotak. Read More
Octopus Ventures Leads ~USD2.8m Round for Turkey- and UK-Based Integrated Finance
Octopus Ventures led a GBP2m (~USD2.8m) round for Turkey- and UK-based fintech infrastructure provider Integrated Finance, with participation from 500 Istanbul, SuperSeed Ventures and angel investors. Read More