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Chinese Supply Chain Platform Linkedcare Raises USD100m Combined Series C2 & Series D from Investcorp, Matrix, Others
China-based SaaS and supply chain platform Linkedcare raised a combined USD100m Series C2 and Series D. Investcorp led the Series D, with participation from Jinding Capital and Sheng Ye Capital, and follow-on from Matrix China Partners, Lightspeed China Partners and SoYoung. Lightspeed China Partners and SoYoung led the Series C2, with participation from Matrix Partners China. Read More
GEF Acquires Minority Stake in Brazil’s Pro Solus for ~USD15m
GEF acquired a minority stake in Pro Solus, a Brazil-based company that focuses on agricultural technology solutions, for ~BRL75m (~USD15m). Read More
Partners for Growth Invests USD50m Debt in UAE’s Buy Now Pay Later Platform Tabby
Partners for Growth provided USD50m in debt financing to UAE-based buy now, pay later platform Tabby. Arbor Ventures and Mubadala led a USD23m debt and equity Series A in December 2020. Read More
Victory Park Capital Provides Additional USD100m Debt Facility to Indonesian Digital Credit Platform Kredivo
Victory Park Capital provided an additional USD100m debt facility to Kredivo, an Indonesia-based digital credit platform for retail borrowers. Victory Park Capital originally provided a USD100m debt facility to the company in November 2020. Read More
Lightrock Leads USD125m Series E for Mexican Lending Platform Konfio
Lightrock led a USD125m Series E for Konfio, a Mexico-based lending platform for SMEs. Konfio secured a USD60m credit line from Goldman Sachs in November 2020. Read More
OTTP Leads USD154m Investment in China’s CD Finance
Ontario Teachers’ Pension Plan (OTTP) led a ~USD154m investment in CD Finance, a China-based provider of microfinance services, with follow-on from ABC World Asia. Read More
Alkeon Capital and the Korea Development Bank Invest USD410m in South Korea’s Viva Republica
South Korea-based Viva Republica, operator of the fintech app Toss, raised USD410m at a reported USD7.4b valuation from investors including Alkeon Capital Management and the Korea Development Bank, with follow-on from Altos Ventures and Greyhound Capital. Read More
SoftBank and Viking Global Lead USD250m Round for Mexican Payments Platform Clip
SoftBank Latin America and Viking Global Investors led a USD250m round for Clip, a Mexico-based digital payments platform, at a reported USD2b valuation. General Atlantic and SoftBank invested in 2019 at a reported USD400m valuation. Other investors include Ribbit Capital, Goldman Sachs, Dalus Capital, Banort and Amex Ventures. Read More
Softbank Vision Fund 2 Leads USD90m Series D for Indian Enterprise Software Platform WhatFix
SoftBank Vision Fund 2 led a USD90m Series D for India-based enterprise software platform WhatFix, with participation from Eight Roads Ventures, Sequoia India, Dragoneer Investment Group, F-Prime Capital and Cisco Investments. Read More
General Atlantic Leads Series B for Singapore’s Genesis MedTech Group
General Atlantic led an undisclosed Series B for Singapore-based medical device company Genesis MedTech Group, with participation from CITIC Capital and Lilly Asia Ventures, and follow-on from the majority of shareholders from the company’s Series A. Read More
QED Investors Leads USD30m Series B for Brazilian Solar Energy Financing Platform Solfacil
QED Investors led a USD30m Series B for Solfacil, a Brazil-based solar energy financing platform, with follow-on from Valor Capital Group. Read More
Maersk Growth and Raed Ventures Lead USD42m Series A for Egyptian Digital Freight Platform Trella
Maersk Growth and Raed Ventures led a USD42m Series A for Trella, an Egypt-based digital freight platform with a presence in Saudi Arabia and Pakistan, with participation from Algebra Ventures, Vision Ventures, Next Billion Ventures, VentureSouq, Foundation Ventures and Flexport. The round comprised USD30m in equity and USD12m in debt financing. Lendable and other financial institutions provided debt. Read More