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Adenia Partners Acquires Kenyan Life Sciences Distributor Africa Biosystems
Adenia Partners has acquired Kenya-based life sciences and clinical diagnostics equipment distributor Africa Biosystems for an undisclosed amount. Read More
Future Positive, Kibo Ventures, FJ Labs, Others Invest USD43m Series A for Mexican Fintech Belvo
Belvo, a Mexican fintech providing a financial services API for mobile applications, raised a USD43m Series A from Future Positive, Kibo Ventures, FJ Labs, Sebastián Mejía (Rappi) and Harsh Sinha (Transferwise), with follow-on from MAYA Capital, KASZEK, Venture Friends and David Veléz (Nubank). Read More
GGV Capital Leads USD65m Series B for Colombian B2B Platform Frubana
GGV led a USD65m Series B for Frubana, a Colombia-based B2B fresh produce platform for restaurants and small retailers, with participation from Lightspeed Venture Partners and follow-on from monashees, Tiger Global and SoftBank. Read More
SoftBank Latin America Fund Leads USD86m Series B for Ecuadorian Fintech Kushki
SoftBank Latin America and an undisclosed growth equity firm led a USD86m Series B for Ecuadorian payments platform Kushki, with follow-on from DILA Capital, KASZEK, Clocktower Ventures and Magma Partners, at a reported ~USD600m valuation. Read More
Darby International Invests in Peru’s IBT Health
Darby International Capital has made an undisclosed investment in Peru-based healthcare operations provider IBT Health. Read More
Partech Partners Leads USD6.5m Series B for UAE’s Video Learning Platform Almentor
Partech Partners led a USD6.5m Series B for Almentor, a Dubai-based video learning platform targeting Arabic speakers, with participation from Sawari Ventures, Sango Capital and Egypt Ventures. Read More
L Catterton Leads USD40m Series B for Singaporean D2C Dental Brand Zenyum
L Catterton led a USD40m Series B for Singapore-based D2C dental products company Zenyum, with follow-on from Sequoia Capital India, RTP Global, Partech, TNB Aura, Seeds Capital and FEBE Ventures. L Catterton invested USD25m in the round. Read More
Accel, Falcon Edge Capital, Norwest VP Invest USD50m Series A for Indian D2C Startup Mensa Brands
Accel Partners, Falcon Edge Capital, Norwest Venture Partners and angel investors have invested a USD50m Series A for Mensa Brands, an India-based D2C startup which acquires online-first brands. The round included a debt component provided by Alteria Capital and InnoVen Capital. Read More
Sequoia China and Yunfeng Capital Lead ~USD228m Series B for Chinese Rice Brand Shiyue Daotian
Sequoia Capital China and Yunfeng Capital led a CNY1.45b (~USD228m) Series B for China-based rice brand Shiyue Daotian, with participation from CMC Capital Group and Taihecap, and follow-on from GenBridge Capital. Read More
Tiger Global Leads USD15.6m Series A for India’s Plum Insurance
Tiger Global Management led a USD15.6m Series A for India-based health insurance startup Plum Insurance, with follow-on from Sequoia Capital India’s Surge, Tanglin Venture Partners, Incubate Fund and Gemba Capital. Read More
Fidelity Leads USD277m Series H for Indian E-Commerce Logistics Company Delhivery
Fidelity Investments led a USD277m Series H for India-based e-commerce logistics company Delhivery, with participation from GIC, Chimera Investments and Baillie Gifford. Read More
Ninety One Sells South African Third-Party Administration Firm Silica to FNZ
Ninety One has sold Silica, a South Africa-based provider of third-party administration and related technology solutions to asset managers and investment product providers, to global wealth management platform FNZ. Read More