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Accel Leads USD90m Series D for Brazilian E-Commerce Platform Nuvemshop
Accel led a USD90m Series D for Nuvemshop, a Brazil-based e-commerce platform for SMEs with operations in Mexico, Brazil and Argentina, with participation from ThornTree Capital and follow-on from KaszeK Ventures, Qualcomm Ventures and others. KaszeK and Qualcomm led the company’s USD30m Series C in October 2020. Read More
Amethis Acquires Moroccan Micro-Irrigation Specialist Magriser Group
Amethis, through its Amethis MENA Fund II, has acquired a majority stake in Magriser Group, a Morocco-based company specialized in the distribution and installation of turnkey micro-irrigation and solar pumping systems. Read More
CPP Investments to Invest USD214.5m in Brazilian Water and Sewage Service Holding Company Igua Saneamento
Canada Pension Plan Investment Board (CPP Investments) has agreed to invest BRL1.178b (~USD214.5m) for a 45% stake in Brazil-based water and sewage service holding company Igua Saneamento, partnering with existing investors including IG4 Capital and AIMCo. Read More
Impact46 Leads USD6.5m Series A for Saudi Fintech Hala
Impact46, through its Impact46 Growth Fund, led a USD6.5m Series A for Saudi Arabia-based fintech Hala, with participation from Wamda and strategic investors. Read More
Imperii Capital and Angels Invest USD1.2m Pre-Seed Round for Armenian Crypto Portfolio Management Platform CoinStats
Imperii Capital and angel investors have invested a USD1.2m pre-seed round for Armenia-based cryptocurrency portfolio management platform CoinStats. Read More
Temasek Leads USD50m Round for Chinese Container Trucking Platform Duckbill
Temasek led a USD50m round for China-based container trucking platform Duckbill, with participation from Pavilion, Future Capital, Discovery Fund, Shunwei Capital, Furong Capital and Zip Capital. Read More
BeeNext, Qualgro and Insignia Invest Pre-Series A+ for Vietnamese Edtech Edmicro
BeeNext, Qualgro and existing investor Insignia Venture Partners have invested an undisclosed pre-Series A extension for Vietnam-based edtech Edmicro. Read More
TPG Growth Leads USD125m Series C for India’s Stelis Biopharma
TPG Growth led a USD125m Series C for Stelis Biopharma, the biopharmaceutical unit of Mumbai-listed Strides Pharma Science, with participation from Route One, Think Investments and Mankekar Family. Strides also announced that Stelis closed a USD70m Series B, bringing total capital raised across the latest funding rounds to USD195m. Read More
Affirma Capital and IFC Partially Exit India’s Craftsman Automation via IPO
Affirma Capital and IFC have partially exited their stakes in India-based automotive component and precision engineering company Craftsman Automation via the company’s INR8.2b (~USD113m) IPO on the NSE and BSE. Affirma and IFC sold 1.55m and 1.4m shares for INR2.32b (~USD32m) and INR2.1b (~USD29m), respectively. Read More
Patria SPAC Files for USD250m IPO
Patria Acquisition, a SPAC formed by Patria Investimentos targeting Latin American companies, has filed to raise up to USD250m in an IPO on the Nasdaq. Read More
DILA Capital SPAC Files for USD50m IPO
DILA Capital Acquisition, a SPAC formed by DILA Capital targeting tech-enabled sectors in Latin America, has filed to raise up to USD50m in an IPO on the Nasdaq under the symbol DILAU. Read More
Homebrew Leads USD3.3m Round for Mexican B2B Payments Company Higo
Homebrew led a USD3.3m round for Higo, a Mexico-based B2B payments company focused on SMEs, with participation from Susa Ventures, Haystack and J Ventures. Read More