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OrbiMed and HOPU Investments Lead USD400m Series D for China’s Xtalpi
Orbimed and HOPU Investments led a USD400m Series D for XtalPi, a China and US-based, AI-based drug molecule designer, with participation from Sino Biopharma and follow-on from Sequoia Capital China and 5Y Capital. Read More
Accel and SoftBank Lead USD650m Series E for Indian Edtech Eruditus
Accel and SoftBank Vision Fund II led a USD650m Series E for Eruditus Learning, an India-based edtech for executive-level courses, at a reported USD3.2b valuation, with participation from CPP Investments and follow-on from Prosus Ventures. The round reportedly included USD220 in secondaries providing exits for early investors. Read More
Carlyle, Sigular Guff, Others Invest USD450m Series I for India’s VerSe Innovation
India-based Verse Innovation, which operates the Dailyhunt and Joshapps, raised a USD450m Series I from Siguler Guff, Baillie Gifford and Carlyle Asia, with follow-on from Sofina Group, QIA and B Capital Group. Read More
Affinity Equity Partners Invests ~USD147m in Singapore’s M-DAQ
Affinity Equity Partners invested a SGD200m (~USD147m) Series D for M-DAQ, a Singapore-based B2B financial services provider. Read More
Sequoia Capital Leads ~USD231m Series F for Chinese Healthtech Miaoshou Doctor
Sequoia Capital led a CNY1.5b (~USD231m) Series F for Miaoshou Doctor, a China-based healthcare services platform, with participation from Springhill Fund, B Capital Group, Hel Ved Capital, Orbimed, INCE Capital and others. Read More
Hong Kong’s ESR to Acquire Warburg-Backed ARA Asset Management for USD5.2b
Hong Kong-based logistics real estate platform ESR agreed to acquire ARA Asset Management, a Singapore-based real estate asset management company backed by Warburg Pincus, in a stock and cash deal worth USD5.2b. As part of the deal, Warburg Pincus will receive USD2.1b in ESR shares and USD273.8m in cash. Warburg seeded ESR in 2011 and exited the company in Q1… Read More
Vinci Partners acquires a 40.9% stake in Transpotech
Vinci Partners, through “Vinci Impacto e Retorno IV”, or “VIR IV” (“the Fund”), acquired a 40.9% stake in Transpotech, a Brazilian company operating in the B2B services sector. Read More
Metier Sells South African Wind Assets to Revego
Metier sold Mainstream wind assets, comprising three wind farms in South Africa with a capacity of 360MW, to Revego Africa Energy for an undisclosed amount. Read More
B Capital, Coinbase Ventures, Polychain Capital, Others Invest USD90 Series C for Indian Crypto Exchange CoinDCX
India-based cryptocurrency exchange CoinDCX raised a USD90m Series C from B Capital Group and existing investors Coinbase Ventures, Polychain Capital, Block.one and Jump Capital at a reported USD1.1b valuation. Read More
Global Founders Capital and STV Lead USD50m Series B for UAE’s Tabby
Global Founders Capital and STV led a USD50m Series B for Tabby, a UAE-based installments payment platform, with participation from Delivery Hero and CCVA, and follow-on from Arbor Ventures, Mubadala, Raed Ventures, Global Ventures, MSA Capital, VentureSouq, Outliers VC, JIMCO and HOF Capital. Read More
Elbrus and iTech Capital Invest USD43m in Russian Traveltech Aviasales
Elbrus Capital and iTech Capital invested USD43m in Russia-based traveltech Aviasales. Read More
Jive Investments Leads ~USD20m Round for Brazilian Marketplace inGaia
Brazilian distressed asset platform Jive Investments led a ~USD20m round for inGaia, a Brazilian real estate financing marketplace and CRM platform for brokers. Read More