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Mubadala Leads USD15m Series B for UAE Fintech Sarwa
Mubadala led a USD15m Series B for Sarwa, a UAE-based personal finance and investment platform, with participation from 500 Startups, Kuwait Projects Company, Shorooq Partners, Middle East Venture Partners, DIFC, Hambro Perks Oryx Fund, HALA Ventures and Vision Ventures. Read More
General Atlantic and SoftBank Lead USD1.5b Round for Turkish E-Commerce Trendyol
General Atlantic and SoftBank Vision Fund 2 led a USD1.5b round for Turkey-based e-commerce platform Trendyol, with participation from Qatar Investment Authority, Abu Dhabi sovereign fund ADQ and Princeville Capital, at a reported USD16.5b valuation. Read More
Speedinvest and Left Lane Capital Lead USD23m Series A for African Mobility Fintech Moove
Speedinvest and Left Lane Capital led a USD23m Series A for African mobility fintech Moove, with participation from DCM, Clocktower Technology Ventures, thelatest.ventures, LocalGlobe, Tekton, FJ Labs, Palm Drive Capital, Roka Works, KAAF Investments, Class 5 Global, Verod Capital Management, Kepple Africa Ventures and Victoria van Lennep (Lendable), and follow-on from existing lender Emso Asset Management. Read More
Nama Ventures Leads Bridge Round for Saudi HRtech palm.hr
Nama Ventures led an undisclosed bridge round for Saudi Arabia-based HR solutions startup palm.hr, with participation from local angel investors. Read More
Alexia Ventures and Igah Ventures Lead USD10.3m Series A for Brazilian Trade Platform LogComex
Alexia Ventures and Igah Ventures led a USD10.3m Series A for LogComex, a Brazilian international trade management platform, with participation from Endeavor Scale Up Ventures, and follow-on from Invest Tech and Caravela Capital. Caravela and Invest Tech led a ~USD600k round in 2020. Read more Read More
Chiratae Reaches USD337 Final Close for India VC Fund
Chiratae Ventures reached a USD337 final close for its fourth fund, targeting seed and Series A opportunities in India. Read More
General Atlantic Leads USD70m Series B for Edtech Crehana
General Atlantic led a USD70m Series B for Crehana, a Mexico- and Peru-based upskilling platform for corporates and retail consumers. This is the second largest known round in a Latin American edtech startup after Brazilian Descomplica raised USD84.5m in a round led by Invus Opportunities and SoftBank in February. Read More
IFC and Alta Growth Capital Invest USD9.8m in Mexico’s Lottus Education
IFC and existing investor Alta Growth Capital invested USD9.8m in Mexico-based higher education company Lottus Education. Read More
Nubank, Global Founders, Sequoia and Matrix Lead USD45m Series B for Indian Neobank Jupiter
Brazil-based Nubank, Global Founders Capital, Sequoia Capital and Matrix Partners India led a USD45m Series B for India-based neobank Jupiter, with participation from Mirae Assets Venture and follow-on from investors including Addition Ventures, Tanglin VC, 3one4 Capital, Greyhound and Beenext. The new round values the company at a reported USD300m+ valuation. Read More
ECP, A.P. Moller Capital, DEG and IFU to Invest in Africa-Focused Eranove
Emerging Capital Partners (ECP), A.P. Moller Capital, DEG and Investment Fund for Developing Countries (IFU) created a new company called ECP Power & Water Holding through which they will invest in Africa-focused power and water developer Eranove Group. Read More
IG4 Capital Acquires ~34% Stake in Peru’s Aenza for USD58m
IG4 Capital, through IG4 Private Equity Fund II and managed accounts, acquired a 33.87% stake in Aenza, a Peru-based infrastructure platform, for USD58m. IG4 Capital, now the company’s largest shareholder, will also deploy an additional USD22m to invest in convertible debentures alongside a syndicate of creditors to secure working capital to Aenza in the short term. Read More
Carlyle to Fully Exit India’s SBI Life
The Carlyle Group agreed to sell its remaining 1.9% stake in SBI Life, an India-based life insurer, through multiple block deals for a reported USD289m. Read More