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Global Founders Capital and MSA Capital Lead USD2.1m Pre-Seed Round for UAE’s ElKaso
Global Founders Capital and MSA Capital led a USD2.1m pre-seed round for UAE-based B2B marketplace ElKaso, with participation from former and current executives of Careem, Delivery Hero, Apple, Faith Capital, Talabat, Eyewa and Instashop. Read More
3TS Reaches First Close for Central Europe Tech Fund
3TS Capital Partners reached an undisclosed first close for its fourth growth fund focused on tech investments across Central Europe. The vehicle has a target size of EUR150m (USD177m). Read More
Warburg Leads USD93m Series B for China’s Terminus
Warburg Pincus led a USD93m Series B for China-based enterprise software company Terminus, with follow-on from Sequoia Capital China and Alibaba Cloud. Read More
STIC Investments Leads USD100m Round for Singapore’s Carousell
STIC Investments led a USD100m round for Singapore-based online classifieds marketplace Carousell at a reported USD1.1b valuation. Read More
Hong Kong’s Prenetics to Go Public Via SPAC Merger With Artisan Acquisition
Hong Kong-based genomic and diagnostic testing company Prenetics agreed to list on the Nasdaq via a merger with SPAC Artisan Acquisition Corp in a transaction that values the company at an enterprise value of USD1.25b with a combined equity value of ~USD1.7b. The deal includes a PIPE and forward purchase agreements of USD120m from Aspex Management, PAG, Lippo Group, Dragonstone… Read More
SoftBank Vision Fund 2 and Sanabil Lead USD125m Series B for Saudi Arabia’s Unifonic
SoftBank Vision Fund 2 and Sanabil Investments led a USD125m Series B for Saudi Arabia-based customer communication platform Unifonic. Read More
Alibaba Leads USD300m Series B for China’s DeepRoute.ai
Alibaba led a USD300m Series B for China-based autonomous driving technology developer DeepRoute.ai, with participation from Jeneration Capital and follow-on from RZ Capital, Yunqi Partners and Glory Ventures. Read More
Tiger Global Leads USD100m Series C for India’s Apna
Existing investor Tiger Global led a USD100m Series C for India-based professional networking platform Apna, with participation from Owl Ventures, Insight Partners, Sequoia Capital India, Maverick Ventures and GSV Ventures, at a reported USD1.1b valuation. Read More
SoftBank Leads USD200m Series D for China’s Keenon
SoftBank led a USD200m Series D for China-based service robot company Keenon Robotics, with participation from CICC ALPHA and Prosperity7 Ventures. Read More
Africa Capitalworks Invests in Nigeria’s Dorman Long Engineering
Africa Capitalworks made an undisclosed investment in Nigeria-based engineering services company Dorman Long Engineering. Read More
Accel, Avataar, Norwest VP and Premji Invest USD100m in India’s Amagi; Emerald Media and Mayfield Fund to Exit
Accel, Avataar Ventures, Norwest Venture Partners and Premji Invest invested USD100m in Amagi, an India-based media SaaS platform, providing an exit for Emerald Media and Mayfield India. Read More
Tiger Global Leads USD150m Series C for Indonesia’s Xendit
Tiger Global led a USD150m Series C for Xendit, an Indonesia-based payments infrastructure provider for businesses, with follow-on from Accel, Amasia and Justin Kan’s Goat Capita, at a reported USD1b valuation. Read More