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I Squared Acquires 78% Stake in Colombia’s Sociedad Portuaria Regional de Barranquilla for USD220m
I Squared Capital acquired a ~78% stake in Colombia-based port operator Sociedad Portuaria Regional de Barranquilla for a reported USD220m, facilitating an exit for Chile-based Southern Cross Group. Read More
Thoma Bravo, Bond, Altimeter, Others Invest USD900m Series B for Hong Kong’s Crypto Exchange FTX
Hong Kong-based cryptocurrency exchange FTX raised a USD900m Series B at a reported USD18b valuation from a large group of investors including Thoma Bravo, Bond, Altimeter, Paradigm, Sequoia Capital, Ribbit Capital, Insight Partners, Lightspeed Venture Partners, NEA, Coinbase Ventures, Sino Global Capital, Multicoin and SoftBank. Read More
I&P Invests in Cameroon’s Pigier Cameroun
Investisseurs & Partenaires (I&P), through its I&P Afrique Entrepreneurs 2, invested in Pigier Cameroun, a Cameroon-based private business school offering training in human sciences and management at graduate and postgraduate levels. Read More
CrossBoundary, Oikocredit, Triodos and EDFI ElectriFI Provide Financing to Africa’s PowerGen
CrossBoundary Energy Access, Oikocredit, Triodos Investment Management and EDFI ElectriFI provided project financing to PowerGen, a developer of on-grid and off-grid distributed energy in Africa, to support the construction of mini-grids in rural Nigeria. Read More
Oria Capital-Backed Zenvia Raises USD150m in Nasdaq IPO
Zenvia, a Brazil-based CPaaS backed by Oria Capital, raised USD150m in its IPO on the Nasdaq. Read More
Tribe Capital, IFC Emerging Asia and VEF Lead USD67m Series E for India’s BlackBuck
Tribe Capital, IFC Emerging Asia Fund and VEF led a USD67m Series E for India-based trucking platform Blackbuck, with follow-on from Wellington Management, Sands Capital and IFC, at a reported USD1.02b valuation. Read More
INCE Capital Reaches USD450m First Close for Second China VC Fund
INCE Capital reached a USD450m first close for INCE Capital Fund II. The vehicle targets early-stage investments in Chinese consumer technology and internet companies. Read More
Convergence Partners Reaches USD120m First Close for Digital Infrastructure Fund
Convergence Partners reached a USD120m first close for its Convergence Partners Digital Infrastructure Fund. The vehicle has a target size of USD250m and will invest in the digital infrastructure ecosystem in Africa, specifically in fiber, wireless, data centers and towers, as well as 5G, cloud, IoT, AI, fintech and network virtualization. Read More
SoftBank Leads USD35m Series B for Brazilian Telematics Platform Cobli
SoftBank led a USD35m Series B for Cobli, a Brazil-based telematics and fleet management SaaS platform, with participation from Qualcomm Ventures and follow-on from NXTP, Valor Capital Group, Fifth Wall Ventures and Valor Capital Group. Read More
Presight Capital and Kingsway Capital Lead USD30m Series A for Mexican E-Commerce Holding Company Valoreo
Presight Capital and Kingsway Capital led a USD30m Series A for Valoreo, a Mexico-based e-commerce holding company specialized in acquiring, operating and scaling Latin America-focused businesses under the Fulfillment by Amazon (FBA) business model, with follow-on from KASZEK, Upper90 and FJ Labs. Read More
Baring Vostok Invests USD6m in Russia’s Level.Travel
Baring Vostok invested USD6m for a minority stake in Level.Travel, a Russia-based platform for searching and booking tours online. Read More
Drive Capital Leads USD24m Series B for Armenian Edtech Sololearn
Drive Capital led a USD24m Series B for Sololearn, an Armenia-founded mobile-first learning platform for coding, with follow-on from Learn Capital and Prosus Ventures. Read More