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Insight Partners and Tiger Global Lead USD70m Series B for Indian Professional Networking Platform Apna
Insight Partners and Tiger Global led a USD70m Series B for India-based professional networking platform Apna, with follow-on from Sequoia Capital India, Lightspeed India, Greenoaks Capital and Rocketship VC. Read More
BOND Leads USD200m Round for Indian Software Testing Platform BrowserStack
BOND led a USD200m round for BrowserStack, a software testing platform founded in India, with participation from Insight Partners and follow-on from Accel. Read More
Berkeley Energy Reaches ~USD158m First Close for Africa Renewable Energy Fund II
Berkeley Energy has reached a EUR130m (~USD158m) first close for its Africa Renewable Energy Fund II. The vehicle, which has an initial target of USD300m, will primarily focus on hydro, wind and solar projects, as well as battery storage opportunities, across Sub-Saharan Africa. Read More
Ninety One’s EAIF and Proparco Invest ~USD200m in Project Financing to Develop Biomass Power Plant in Côte d’Ivoire
Ninety One’s EAIF and Proparco have provided EUR165m (~USD200m) in financing to Biovea Energie to finance the development of a biomass power plant in Côte d’Ivoire. Read More
Elevation Capital Leads USD38m Series A for Indian Fintech FamPay
Elevation Capital led a USD38m Series A for FamPay, an India-based payments platform for teens, with participation from General Catalyst, Rocketship VC, Greenoaks Capital and existing investors Sequoia Capital India, Y Combinator, Global Founders Capital and Venture Highway. Read More
Global Founders Capital, Global Ventures, Nuwa Capital and FJ Labs Lead USD3m Seed Round for UAE’s Valeo
Global Founders, Global Ventures, Nuwa Capital and FJ Labs led a USD3m seed round for UAE-based wellbeing startup Valeo. Read More
Vital Capital Provides Financing to Two Africa-Focused Companies
Vital Capital, through its Vital Impact Relief Facility, has provided financing to Privamnuts, a Kenya-based macadamia nut processor and exporter, and to Sollatek, a manufacturer of solar and voltage control products providing essential services to rural households in East Africa. Read More
EXEO Exits 62.7% Stake in South Africa’s Cape Olive via Sale to Imibala
EXEO Capital has sold its 62.7% stake in South Africa-based table olive supplier Cape Olive Holdings to Imibala, a Lona Group subsidiary and Cape Olive co-shareholder. EXEO originally acquired the stake in 2013 through its Agri-Vie Fund I. Read More
Advent International Invests USD430m in Brazil’s Ebanx
Advent International has invested USD430m in Brazil-based cross-border payment platform Ebanx. Advent invested through its Latin American Private Equity Fund, Global Private Equity, Advent Tech and Sunley House Capital fund. Read More
Oasis Capital Ghana Invests in Ghana’s Joyce Ababio College of Creative Design
Oasis Capital Ghana made an undisclosed investment in Joyce Ababio College of Creative Design, a design university college based in Ghana. Read More
AIIM, SAHIF and STOA Acquire 25.8% Stake in South Africa’s Metrofibre from Sanlam and African Rainbow Capital
African Infrastructure Investment Managers (AIIM) along with a consortium comprising South African Housing & Infrastructure Fund (SAHIF) and STOA agreed to acquire a 25.8% interest in MetroFibre Networx, a South Africa-based open access fiber network operator, from Sanlam Private Equity, African Rainbow Capital and a minority shareholder. The transaction follows the ZAR1.5b (~USD97m) investment completed by AIIM, SAHIF and STOA… Read More
UBS, Blackstone, ADQ, Others Invest USD350m in Indian Edtech Byju’s
India-based edtech Byju’s raised USD350m from investors including UBS, Blackstone, ADQ, Eric Yuan (Zoom) and others at a reported USD16.5b valuation. MC Global Edtech Investment Holdings recently led a USD460m tranche of the company’s ongoing Series F. Read More