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China Renaissance Leads USD100m Series B for Hong Kong’s Amber Group
China Renaissance led a USD100m Series B for Amber Group, a Hong Kong-based crypto asset manager, with participation from Tiger Brokers, Tiger Global Management, Arena Holdings, Tru Arrow Partners, Sky9 Capital, DCM Ventures and Gobi Partners, and follow-on from Pantera Capital, Coinbase Ventures and Blockchain.com. Read More
Carlyle Sells 5.1% Stake in India’s SBI Cards for ~USD650m
The Carlyle Group sold a 5.1% stake in India-based credit card issuing company SBI Cards & Payment Services for ~INR48.1b (~USD650m) in a bulk deal. In March 2021, Carlyle sold an additional 4% stake for ~INR39b (~USD540m). Read More
EVX Ventures and Boehringer Ingelheim Venture Fund Lead USD24m Series A for Singaporean Biotech Nuevocor
EVX Ventures and Boehringer Ingelheim Venture Fund led a USD24m Series A for Nuevocor, a Singapore-based developer of cardiac gene therapies, with participation from EDBI, Xora Innovation and SEEDS Capital. Read More
Venturi Partners Reaches USD100m First Close for Debut Fund
Singapore-based Venturi Partners reached a USD100m first close for its debut fund, which has an initial target of USD150m. The vehicle will invest in fast-moving consumer goods, education and healthcare services in India and Southeast Asia. Read More
Imperial Capital Acquires Namibia’s Deep Catch from Salt Capital & DEG for USD45m
Imperial Capital has agreed to acquire Namibia-based perishable foods company Deep Catch from a consortium of investors led by Salta Capital Ventures and including DEG for USD45m. Read More
IFC to Commit USD10m to TLcom’s TIDE Africa II
IFC approved a commitment of up to USD10m to TIDE Africa II, a fund managed by TLcom Capital. The vehicle will make seed-to-Series A investments in tech and tech-enabled companies in East and West Africa. Read More
Growth Box Ventures and Moore & Moore Invest USD21m in Cyprus’ Capex.com
Growth Box Ventures and Moore & Moore invested USD21m in Cyprus-based multi-licensed global broker Capex.com. Read More
Lofoten Capital Leads ~USD36m Series D for Brazilian Frozen Meal Platform LivUp
Lofoten Capital led a ~USD36m Series D for LivUp, a Brazil-based DTC frozen meal delivery platform, with participation from Cadonau and angel investors Milton Seligman and Ricardo Rolim (Ambev), Christian Egan (Itau), Rob Citrone (Discovery Capital), Luiz Otavio Campos (Onyx Equity Management), and follow-on from KASZEK and ThornTree Capital. Read More
Btomorrow Ventures, Capital Lab and Invest Tech Lead ~USD3.4m Series A for Brazilian Freight Platform Uello
Btomorrow Ventures, Capital Lab and Invest Tech led a ~USD3.4m Series A for Uello, a Brazil-based express freight platform for corporate retailers and e-commerce brands. Read More
Creation Investments Leads USD20m Investment in Chilean Insurance Group AVLA
Creation Investments Capital Management led a USD20m investment in Chile-based global insurance group AVLA, with participation from DEG and Altra. Read More
DNA Capital Leads ~USD60m Round for Brazilian Drug Prescription Provider Memed
DNA Capital led a ~USD60m round in Memed, a Brazilian provider of digital drug prescriptions, to expand its services from prescriptions to drug fulfillment. DNA Capital led the company’s USD4.5m Series B in April 2020. Read More
DST Global, QED and Valor Capital Group Invest USD60m Series B for Chilean Insurtech Betterfly
DST Global, QED investors, Valor Capital Group, Endeavor Catalyst and SoftBank Latin America Fund have invested a USD60m Series B for Betterfly (formerly Burn to Give), a Chile-based certified B-Corp insurtech providing life insurance for employees of SMEs and incentivizing policyholder’s wellbeing with subsidized coverage. Read More