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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
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