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SoftBank and Alpha Wave Incubation Invest USD160m in India’s OfBusiness
SoftBank Vision Fund 2 and existing investor Alpha Wave Incubation invested USD160m in India-based B2B marketplace OfBusiness at a reported USD1.5b valuation. Read More
Prosus Invests USD200m in Brazil’s Movile
Prosus Ventures invested USD200m in follow-on financing in Brazil-based internet holding Movile. The capital will go towards expanding Movile’s companies, including iFood, MovilePay, Zoop and Mensajeros Urbanos. Read More
Sequoia, Tekne, Ghisallo, Others Invest ~USD712m in Estonia’s Bolt
Estonia-based ridesharing and food delivery services company Bolt raised a EUR600m (~USD712m) round from Sequoia Capital, Tekne and Ghisallo, and existing backers G Squared, D1 Capital and Naya, at a reported EUR4b+ (~USD4.7b+) valuation. Read More
Riverwood Leads USD200m+ Series D for Singaporean B2B Payments Company Nium
Riverwood Capital led a USD200m+ Series D for Singapore-based B2B payments platform Nium at a reported USD1b+ valuation. Temasek, Visa, Vertex Ventures, Atinum Capital, Beacon Venture Capital, Rocket Capital Investment and angel investors including Gokul Rajaram (DoorDash), Vicky Bindra (FIS) and Arjun Sethi (Tribe Capital) also participated in the round. Read More
Multiples Leads USD32.5m Series C+ for India’s MoEngage
Multiple Alternate Asset Management led a USD32.5m Series C extension for MoEngage, an India-based customer engagement platform, with follow-on from Eight Roads Ventures, F-Prime Capital and Matrix Partners. The round facilitated an exit for Exfinity Venture Partners. Read More
DST Global, C Ventures, K3 Ventures Lead USD100m Series C for Singapore’s Matrixport
DST Global, C Ventures and K3 Ventures led a USD100m Series C for Matrixport, a Singapore-based financial services platform, with participation from Qiming Venture Partners, CE Innovation Capital, Tiger Global, Cachet Group, Palm Drive Capital, Foresight Ventures and A&T Capital, and follow-on from Lightspeed, Polychain, Dragonfly Capital, CMT Digital and IDG Capital. Read More
Imperial Logistics to Acquire Carlyle- and Ninety One-Backed J&J Africa
Imperial Logistics agreed to acquire 100% of J&J Africa, an Africa-focused end-to-end logistics and transport company, providing a full exit for the Carlyle Group and Ninety One. The deal values the company at a reported USD300m. Read More
Temasek Leads USD440m Series H for Indian Edtech Unacademy
Temasek led a USD440m Series H for India-based edtech Unacademy, with participation from Mirae Asset Management and follow-on from SoftBank Vision Fund 2, General Atlantic, Tiger Global and angel investors including Deepinder Goyal (Zomato) and Ritesh Agarwal (Oyo). The new round values the company at a reported USD3.4b. Read More
Navis Reaches Combined USD1.35b Final Close Across Two Asia Funds
Navis Capital Partners reached a USD900m final close for Navis Asia Fund VIII, a vehicle targeting controlling investments in growing companies across Southeast Asia, Australia, New Zealand and Greater China. Navis also reached a USD450m final close for Navis Asia Green Loop Fund, a continuation vehicle that features five companies with a core climate and sustainability theme from its sixth… Read More
Colombia’s Finaktiva Raises USD8m Equity and Debt Round from ALIVE Ventures and Others
Finaktiva, a Colombia-based digital financial services platform for SMEs, raised a USD8m equity and debt round. Acumen LatAm Impact Ventures (ALIVE) led the USD3m equity round with participation from Conny & Co AG, Trinity Capital, Invictum Capital, Andeo and other local investors. The remaining USD5m in debt funding was provided by investors including Yunus Social Business, Bancoldex and local financial… Read More
KASZEK Leads USD30m Round for Chilean Lending Platform Xepelin
KASZEK led a USD30m round for Xepelin, a Chilean account receivable-based lending platform for SMEs, with participation Cathay Innovation, MSA Capital, FJ Labs and Gilgamesh Ventures and follow-on from Picus Capital, Kayyak Ventures, Amarena and angel investors Carlos Garcia (Kavak), Jackie Reses (Square Financial Services), Ricardo Weder (Justo), John Curtius (Tiger Global), Hans Tung (GGV) and Gerry Giacoman (Clara). The… Read More
General Atlantic and Dragoneer Lead USD250m+ Series B for Vietnam’s VNLIFE
General Atlantic and Dragoneer Investment Group led a USD250m+ Series B for VNLIFE, a Vietnam-based integrated digital platform for financial services, travel and retail, with participation from PayPal Ventures and EDBI, and follow-on from GIC and SoftBank Vision Fund 1. Read More