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Oria Capital Reaches ~USD90m Final Close for Oria Tech III
Oria Capital has reached a BRL500m (~USD90m) final close for Oria Tech III. The fund, which intends to invest in six tech companies in Brazil, has already made three investments: Gupy, Knewin and Zenvia. Read More
Legend, DST, Coatue and All Stars Lead USD300m Series B for Chinese Fitness Tech Startup Fiture
Legend Capital, DST Global, Coatue Management and All-Stars Investment led a USD300m Series B for Fiture, a China-based fitness tech startup that develops smart home fitness equipment, with follow-on from Sequoia Capital China, Tencent Holdings, C Ventures, Cygnus Equity, Nio Capital, GSR Ventures China, BA Capital, , Z1 Capital, CPE and Bertelsmann Asia Investments. Read More
Chinese Autonomous Driving Tech Company TuSimple Raises USD1.35b on Nasdaq
TuSimple, a China-based developer of autonomous driving technology for trucks, has raised USD1.35b on the Nasdaq at a market capitalization of USD8.5b. Existing backer Sina Corporation sold 6.7 million shares worth USD268m and achieved a partial exit. Read More
Temasek Leads USD200m Series E for China’s Arrail Dental
Temasek led a USD200m Series E for China-based dental services provider Arrail Dental, with participation from OrbiMed, Ward Ferry, Hina Group, Industrial Bank and Mirae Asset Global Investments. Read More
Warburg Exits Brazilian Logistics Operator Sequoia Logística via Follow-On Offering for ~USD121m
Warburg Pincus has partially exited its stake in B3-listed Sequoia Logística, a Brazil-based logistics operator focused on the e-commerce sector, via a follow-on offering worth BRL894m (~USD158.5m). Warburg Pincus received BRL684m (~USD121m) for its shares. Read More
Tiger Global Leads USD55m Series C2 for Indonesian Edtech Ruangguru
Tiger Global Management led a ~USD55m Series C2 for Indonesia-based edtech Ruangguru, with follow-on from GGV Capital, at a ~USD800m reported valuation. Read More
DST Global and Sequoia India Lead USD63m Series B for Indonesian Logistics Startup Shipper
DST Global and Sequoia Capital India led a USD63m Series B for Indonesia-based digital logistics startup Shipper, with follow-on from Prosus Ventures, Floodgate, Lightspeed, Insignia Ventures, AC Ventures and Y Combinator. Read More
IFC to Invest USD20m in HMC Andean Private Debt Investment Fund
IFC has agreed to invest USD20m in HMC Deuda Privada Andina, a private debt fund which will provide financing to mid-sized companies in Colombia, Peru and Chile. Read More
Samurai Incubate Reaches ~USD18.6m Final Close for Africa VC Fund
Japan-based VC Samurai Incubate has reached a JPY2b (~USD18.6m) final close for its Samurai Africa 2nd General Partnership fund. The vehicle will target investments in fintech, insurtech, logistics, healthtech, consumer and commerce, energy, agtech, mobility and entertainment in Africa. Read More
Centurium Capital Leads USD250m Investment in Chinese Coffee Chain Luckin Coffee
Existing investors Centurium Capital and Joy Capital have invested USD240m and USD10m respectively in China-based coffee chain Luckin Coffee. Read More
Genesis Alternative Reaches USD80m Final Close for Southeast Asia Venture Debt Fund
Genesis Alternative Ventures has reached a USD80m final close for its Genesis Alternative Ventures Fund I (GAVF-I), a venture debt vehicle focused on Southeast Asia. To date, GAVF-I has invested over USD30m in 12 companies. Read More
Silver Lake to Invest USD800m in UAE’s AI and Cloud Computing Company Group 42
Silver Lake has invested USD800m for a minority stake in UAE-based artificial intelligence and cloud computing company Group 42. Read More