GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
DPI, Apis Partners, Lorax, Others Invest USD120m in Egypt’s MNT-Halan
Egypt-based fintech MNT-Halan received a USD120m investment from Apis Growth Fund II, Development Partners International, Lorax Capital Partners, Middle East Venture Partners, Endeavor Catalyst and DisruptTech. Read More
BPEA Invests USD150m in Singaporean Game Developer Virtuos
Baring Private Equity Asia invested USD150m in Singapore-based game developer Virtuos, becoming the company’s largest external shareholder. Read More
CLSA Capital Partners Reaches USD500m Final Close for Second Asia Private Debt Fund
CLSA Capital Partners reached a USD500m final close for Lending Ark Asia Secured Private Debt Fund II and a parallel co-investment vehicle. The fund will invest in secured private debt opportunities across the Asia-Pacific region. Read More
Boyu Capital Leads USD110m Series E for China’s XSKY
Boyu Capital led a CNY710m (~USD110m) Series E for China-based data storage software services provider XSKY, with participation from Legend Capital, CICC Alpha, Broad Vision Funds, Kunlun Capital, Shanghai-listed financial technology company Hundsun Electronics and Suzhou Fengyi Yuanda Equity Investment Fund. Northern Light Venture Capital and Qiming Venture Partners followed on. Read More
Intudo Ventures Reaches USD115m Final Close for Third Indonesia Fund
Intudo Ventures reached a USD115m final close for Intudo Ventures Fund III, a vehicle primarily targeting early-stage and series A investments in the agriculture, B2B, enterprise, education, finance, insurance, healthcare and logistics sectors in Indonesia. The fund also plans to invest Series B and C rounds for existing portfolio companies. Read More
Sequoia, Founders Fund, Ribbit and Stripe Lead USD200m Series A for Senegal’s Wave
Sequoia Heritage, a subsidiary of Sequoia Capital, Founders Fund, Stripe and Ribbit Capital led a USD200m Series A for Wave, a Senegal-based mobile money platform, with follow-on from Partech Africa and Sam Altman (OpenAI), at a reported USD1.7b valuation. Read More
Blue like an Orange Invests ~USD7.5m in Mexico’s Alivia
Blue like an Orange Sustainable Capital invested MXN150m (~USD7.5m) in mezzanine financing in Alivia Clinica de Alta Especialidad, a Mexico-based clinic for infusion and specialty pharmacy treatments for patients with oncological and chronic degenerative diseases. Read More
Addition Invests USD76.4m in India’s Delhivery
Addition, a VC founded by former Tiger Global partner Lee Fixel, invested USD76.4m in India-based e-commerce logistics platform Delhivery. The new investment is reportedly part of the company’s Series I round. Read More
Baidu Ventures Reaches USD400m Final Close for Third USD Fund
Baidu Ventures reached a USD400m final close for its third USD-denominated fund. The firm targets investments in AI-driven startups developing deep technology related to algorithms, sensors and data storage systems primarily in China and the US. Focus areas include new energy vehicles, life sciences, corporate services, smart cities, semiconductors, smart manufacturing and IoT. Read More
Tencent, SCB 10x, Quona Capital, Vertex Ventures, Others Invest USD45m Series B for Thai Insurtech Sunday
Thailand-based insurtech Sunday raised a USD45m Series B from investors including Tencent, SCB 10X, Vertex Growth, Vertex Ventures Southeast Asia & India, Granite Oak, Quona Capital, Aflac Ventures and Z Venture Capital. Read More
Sanlam Reaches ~USD34.5m First Close for Sustainable Infrastructure Fund
Sanlam Investments reached a ZAR500m (~USD34.5m) first close for its Sustainable Infrastructure Fund. The vehicle has an initial target size of ZAR5b (~USD346m) and will mostly provide debt financing for projects in the renewable energy, conventional energy, housing, transportation, communication, health, water and waste sectors in South Africa. Read More
Raiz Investimentos Leads USD20m Round for Brazilian Insurtech Pier
Raiz Investimentos, the family office of Sem Parar Founder Ivan Toledo, led a USD20m round for Pier, a Brazil-based insurtech for smartphones and vehicles, with follow-on from Canary, monashees, BTG Pactual and Mercado Libre. Read More