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Horizon Capital Exits Ukrainian Private Healthcare Provider Dobrobrut
Horizon Capital has sold its minority stake in Ukraine-based private healthcare provider Dobrobrut to existing shareholders Concorde Capital and the company’s CEO for an undisclosed amount. Horizon invested in Dobrobrut through its Emerging Europe Growth Fund III in April 2019. Read More
Sequoia Capital India Reaches USD195m Final Close for Second Seed Fund
Sequoia Capital India has reached a USD195m final close for its second seed fund targeting investments in startups in India and Southeast Asia. Read More
CMB International and Mirae Lead USD120m Series C for China’s EpimAb Biotherapeutics
China Merchants Bank International and Mirae Asset Financial Group led a USD120m Series C for EpimAb Biotherapeutics, a China-based developer of bispecific antibodies, with participation from Hony Capital, Cormorant Asset Management, Yanchuang Capital, Octagon Capital, ShangBay Capital and Adrian Cheng (New World Development) and follow-on from Decheng Capital, SDIC Fund Management, Sherpa Healthcare Partners and Hidragon Capital. Read More
Monk’s Hill Leads USD1.5m Pre-Series A for Singaporean UI Testing Company UI-Iicious
Monk’s Hill Ventures led a USD1.5m pre-Series A for UI-licious, a Singapore-based startup that simplifies automated user interface testing for web applications. Read More
Mercado Libre, Globant, Riverwood Capital and KaszeK Invest USD50m Round for Argentinian Edtech Digital House
Mercado Libre, Globant, Riverwood Capital and existing investor KaszeK Ventures have invested a USD50m round for Argentina-based edtech Digital House. Read More
Carrefour to Acquire Advent-Backed Grupo BIG Brasil for ~USD1.3b
Grupo Carrefour Brasil has agreed to acquire Grupo BIG Brasil, a Brazil-based food retailer backed by Advent International, for BRL7b (~USD1.3b). Once the deal is completed, Advent and Walmart will retain a combined 5.6% stake in the company. Read More
Advent Sells Stake in Mexico’s Gayosso to Servicios Funerarios GG for USD49m
Advent International has sold its stake in Mexico-based funeral services provider Grupo Gayosso to Servicios Funerarios GG for USD49m. Advent originally invested in Gayosso in October 2007. Read More
EXEO Capital Invests in South Africa’s Maia Group
EXEO Capital, through its Agri-Vie Fund II, has made an undisclosed investment in the Maia Group, a South Africa-based holding company focused on consumer health businesses. Read More
CardinalStone Capital Advisers Reaches USD64m Final Close for West Africa Growth Fund
CardinalStone Capital Advisers has reached a USD64m final close for CardinalStone Capital Advisers Growth Fund. The vehicle aims to support the growth and institutionalization of SMEs in Nigeria and Ghana. Read More
Vault Leads USD2m Seed Round for Nigerian Fintech Bankly
Vault (the holding company of VANSO) led a USD2m seed round for Bankly, a Nigeria-based fintech for under-banked consumers, with participation from Plug and Play Ventures, Rising Tide Africa and Chrysalis Capital. Read More
IFC and Goldman Sachs Lead USD25m Series C for Brazilian Consumer Credit Fintech OpenCo
IFC and Goldman Sachs led a USD25m Series C for OpenCo, a Brazil-based consumer financing fintech resulting from the merger of fintechs Geru and Rebel, with Raiz Investmentos as a co-investor and with follow-on from monashees, LTS, Chromo and Sampa. Read More
Quona Capital Leads USD4.1m Pre-Series A for Indian Financing Platform Rupifi
Quona Capital led a USD4.1m pre-Series A for Rupifi, an India-based financing platform for SMEs, with participation from Ankur Capital and Binny Bansal (Flipkart). Read More