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CDC Commits USD60m to Vantage Capital and BluePeak Funds
CDC Group, through its African Private Credit Fund Strategy, invested USD30m in Vantage Mezzanine Fund IV and committed USD30m to BluePeak Private Capital Fund I. Read More
SoftBank Launches USD3b Latin America Fund II
SoftBank committed an additional USD3b to Latin American tech companies through its newly launched Latin America Fund 2. Read More
Jungle Ventures and CX Partners Lead USD24m Series C for India’s BetterPlace
CX Partners and returning investor Jungle Ventures led a USD24m Series C for India-based workforce management platform BetterPlace, with participation from CDC Group and Capria Ventures, and follow-on from Unitus Ventures and 3one4 Capital. Read More
Quona Capital and MSA Capital Lead USD33m Series A for Egypt’s Capiter
Quona Capital and MSA Capital led a USD33m Series A for Capiter, an Egypt-base B2B marketplace for the manufacturing industry, with participation from Savola, Shorooq Partners, Foundation Ventures, Accion Venture Lab and Derayah Ventures. Read More
Square Peg Leads USD35m Investment in Indonesia’s Pluang
Square Peg led a USD35m round for Pluang, an Indonesia-based fintech providing consumer savings and investment products, with participation from SIG and UOB Venture Management and follow-on from Go-Ventures and Openspace Ventures. This is an extension of the USD20m round led by Openspace Ventures in March. Read More
Kotak Invests ~USD130m in India’s TVS Supply Chain Solutions
Kotak Special Situations Fund invested INR10b (~USD130m) in India-based logistics firm TVS Supply Chain Solutions. Of the INR10b, INR8b (~USD109m) were invested in the form of non-convertible debentures while the remaining INR2b (~USD27m) were invested in the form of equity. Read More
BTG Pactual Invests ~USD2.4b in Brazil’s V.tal
A fund managed by BTG Pactual invested BRL12.8b (~USD2.4b) for a 58% stake in Brazil-based fiber optic company V.tal. GIC recently invested BRL2.2b (~USD421m) in the fund. The deal is subject to regulatory approval. Read More
Monk’s Hill, Jungle Ventures and Alpha JWC Invest Pre-Series A for Indonesia’s VIDA
Monk’s Hill Ventures, Jungle Ventures and Alpha JWC Ventures invested an undisclosed pre-Series A for Indonesia-based digital identity network VIDA. Read More
3H Health Investment, Loyal Valley and Morningside Lead USD54m Series B+ for China’s Alebund
3H Health Investment, Loyal Valley Capital and Morningside Ventures led a USD54.5m Series B+ for Alebund Pharmaceuticals, a China-based biopharmaceutical company developing treatment for renal diseases, with participation from YuanBio Venture Capital, Octagon Capital, Verition Fund Management and HT Capital, and follow-on from Lilly Asia Ventures, Quan Capital, 3E Bioventures Capital and Sherpa Healthcare Partners. Read More
Sequoia China, IDG, Hidden Hill Lead USD186m for China’s eSign
Sequoia Capital China, IDG Capital and Hidden Hill Capital led a USD186m Series E for China-based electronic signature services provider eSign, with participation from Sealand Innovation Capital, Guangxi Investment Group and Wens Capital, and follow-on from Fortune Capital and Grand Flight Investment. Read More
Mercado Libre and KASZEK to Launch USD250m SPAC
MELI Kaszek Pioneer Corp, a SPAC formed by Mercado Libre and KASZEK targeting tech in Latin America, filed with the SEC to raise up to USD250m. Read More
Jungle Ventures Reaches USD225m First Close for Fund IV
Jungle Ventures reached a USD225 first close for its fourth fund. The vehicle has a target size of USD350m and plans to invest in startups primarily in Southeast Asia, but it will also make investments in India. Read More