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OTB Ventures Reaches USD60m Final Close for CEE Fund
OTB Ventures reached a USD60m final close for OTB Growth Fund I. The vehicle will make follow-on investments to scale up portfolio companies and will continue to back technology businesses in the CEE region. Read More
GIC, CPP Investments, SoftBank and Walmart Lead USD3.6b Round for India’s FlipKart
GIC, Canada Pension Plan Investment Board, SoftBank Vision Fund 2 and Walmart led a USD3.6b round for India-based e-commerce company Flipkart, with participation from DisruptAD, Qatar Investment Authority, Khazanah Nasional Berhad, Tencent, Willoughby Capital, Antara Capital, Franklin Templeton and Tiger Global Management, at a reported USD37.6b valuation. Read More
Costanoa Ventures and CRE Ventures Lead USD7m Series A for Africa-Focused Identity Verification Startup Smile Identity
Costanoa Ventures and CRE Ventures led a USD7m Series A for Smile Identity, an Africa-focused identity verification startup, with participation from LocalGlobe, Intercept Ventures, Future Africa and angel investors, and follow-on from Khosla Impact, ValueStream Ventures, Beta Ventures, 500 Startups and Story Ventures. Read More
Malaysia’s iMedia Acquires 500 Startups- and Gobi-Backed Favful
Malaysia-based integrated digital media group iMedia acquired 100% of Favful, a Malaysia-based beauty e-commerce platform backed by 500 Startups and Gobi, for an undisclosed amount. Read More
Temasek and Multiples Lead USD192m Series F for Indian Grocery Platform Licious
Temasek Holdings and Multiples Alternate Asset Management led a USD192m Series F for Licious, an India-based grocery platform for meat and seafood, with follow-on from 3one4 Capital, Bertelsmann India Investments, Vertex Growth Fund and Vertex Ventures. Read More
Vantage Capital Reaches USD207m First Close for Vantage Mezzanine Fund IV
Vantage Capital has reached a USD207m first close for its Vantage Mezzanine Fund IV. The vehicle, which has a target of USD350m, will provide mid-sized African businesses with flexible capital to enhance job creation and facilitate economic opportunities and growth. Read More
Nuwa Capital and EQ2 Ventures Lead USD1.8m Pre-Series A for Saudi Automotive Parts Platform Speero
Nuwa Capital and EQ2 Ventures led a USD1.8m pre-Series A for Saudi Arabia-based automotive parts platform Speero, with participation from Jameel Investment Management Company, Impact46, Mountain Partners and Access Bridge Ventures. Read More
MEVP, Global Ventures and Algebra Ventures Lead USD7.5m Series B for Egyptian Healthtech Yodawy
Middle East Venture Partners (MEVP), Global Ventures and Algebra Ventures led a USD7.5m Series B for Egypt-based healthtech Yodawy, with participation from CVentures, P1 Ventures and Athaal Angel Investors Group. Read More
TRG Exits Latin America’s Neosecure via Sale to Patria Investmentos
The Rohatyn Group exited Neosecure, provider of cybersecurity solutions and services with operations in Chile, Argentina, Peru, Colombia and Brazil, via a sale to Patria Investmentos. Terms of the transaction were not disclosed. Read More
XP and Atmos Capital Invest ~USD50m in Brazil’s Will Bank
XP Private Equity and Atmos Capital invested BRL250m (~USD50m) for a minority stake in Brazil-based digital bank Will Bank. Read More
Tiger Global Leads ~USD103m Series D for Indian Auto Resale Marketplace Spinny
Tiger Global Management led a INR7.7b (~USD103m) Series D for India-based auto resale marketplace Spinny, with participation from Avenir Growth, Kaiser Foundation, Kaiser Permanente, General Catalyst and FJ Labs. Read More
Aspex Management, DST Global, Sequoia China and Hillhouse Lead USD200m Series F for South Korea’s Kurly
Aspex Management, DST Global, Sequoia Capital China and Hillhouse Capital led a USD200m Series F for South Korea-based online grocery delivery startup Kurly, with participation from Millennium Management and CJ Logistics Corporation, at a reported USD2.2b valuation. Read More