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Ascension Capital Partners Reaches ~USD25m First Close for South Africa Fund
Ascension Capital Partners has reached a ZAR350m (~USD25m) first close for Ascension Private Equity Fund I. The vehicle will target investments in technology-driven businesses across healthcare, food security, fast moving consumer goods, water, sanitation and manufacturing in South Africa. Read More
Tamer Group Acquires UAE’s E-Commerce Platform Mumzworld
Tamer Group acquired Mumzworld, a UAE-based e-commerce platform for mother, baby and child products, for an undisclosed amount. Read More
Ambipar Acquires Australis-Backed Disal for ~USD163m
Brazilian environmental product and services company Ambipar acquired Australis-backed Disal Ambiental Holding, a Chilean environmental services company, for ~BRL800m (~USD163m). Australis acquired 67% of Disal in 2017. Read More
Quiet Capital, Anthemis Group, Sequoia India, Others Invest USD37m Series B for India’s LocoNav
India-based fleet management startup LocoNav raised a USD37m Series B from Quiet Capital, Anthemis Group, Sequoia Capital India, Foundamental, RIT Capital Partners, Uncorrelated Ventures, Village Global and others. Read More
Kingsway Capital and Nuwa Capital Lead USD21m Series B for UAE’s Eyewear E-Commerce Platform eyewa
Kingsway Capital and Nuwa Capital led a USD21m Series B for UAE-based eyewear e-commerce platform eyewa, with participation from French Partners, Endeavor Catalyst, Derayah Ventures, Palm Drive and Hardy Capital. Read More
Target Global Leads USD7.5m Series A for Estonian Crypto Infrastructure Company Mercuryo
Target Global Management led a USD7.5m Series A for Mercuryo, an Estonia-based, crypto-focused payments network. Read More
I&P, Acumen and Zephyr Invest USD1.9m in Kenya’s Ed Partners Africa
Investisseurs & Partenaires (I&P), Acumen and Zephyr invested USD1.9m in Ed Partners Africa, a Kenya-based non-banking financial institution serving affordable private schools, with participation from existing investors. Read More
IDB Invest, Blue Like an Orange and Mexico Ventures Lead USD27.5m Round for Mexican Lending Platform kubo.financiero
IDB Invest, Blue Like an Orange and Mexico Ventures led a USD27.5m round in kubo.financiero, a Mexican peer-to-peer lending platform, with participation from Dalus Capital and follow-on from Bamboo Finance and KuE Capital. Read More
Tiger Global Leads USD65m Series C for Indian Edtech Classplus
Tiger Global Management led a USD65m Series C for India-based B2B edtech Classplus, with participation from GSV Ventures, Falcon Edge’s AWI, Blume Ventures and RTP Global. Read More
SoftBank Leads USD100m Series B for Colombian Proptech Habi
SoftBank led a USD100m Series B for Habi, a Colombia-based middle class residential real estate platform leveraging the iBuyer business model, with follow-on from Inspired Capital, Tiger Global, Homebrew and 8VC. Read More
Warburg Pincus Leads USD255m Series C for Chinese Drug Discovery Platform Insilico Medicine
Warburg Pincus led a USD255m Series C for China-based drug discovery platform Insilico Medicine, with participation from CPE, OrbiMed, Mirae Asset Capital, B Capital Group, Deerfield Management, Maison Capital, Lake Bleu Capital, President International Development Corporation, Sequoia China, Sage Partners, Qiming Venture Partners, Pavilion Capital, Eight Roads Ventures, Lilly Asia Ventures, Sinovation Ventures, BOLD Capital Partners, Formic Ventures and Baidu… Read More
Actis to Acquire Fortum Oyj’s Solar Projects in India for ~USD335m
Actis agreed to acquire two solar power plants in India from Finnish state-controlled firm Fortum Oyj for EUR280m (~USD335m). Read More