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DFC Commits USD35m to Root Capital
DFC has committed USD35m to Root Capital, a US-based impact investor that provides financing to farmers and small agricultural businesses in Latin America, sub-Saharan Africa and Southeast Asia. Read More
KKR, GL Ventures and Vision Plus Capital Lead USD200m Series C for Chinese Edtech Hetao101
KKR, GL Ventures and Vision Plus Capital led a USD200m Series C for Hetao101, a China-based edtech that provides computer programming courses for children, with follow-on from Source Code Capital and Huaxing Growth Capital. Read More
Naghi Group, AlTour Group, Derayah Ventures, Others Invest USD20m Series A for UAE’s Cloud Kitchen Platform iKcon
Mohamed Yousuf Naghi Group, AlTouq Group, Derayah Ventures, B&Y Venture Partners, AbdulMohsin Al Houkair Holding Group and Nazer Group invested a USD20m Series A for Dubai-based cloud kitchen operator iKcon (Innovative Kitchen Concepts). Read More
Gulf Capital Invests USD30m in UAE’s ART Fertility Clinics
Gulf Capital has invested an additional USD30m in portfolio company ART Fertility Clinics, a UAE-based provider of fertility treatment services, to expand its operations to India. Gulf Capital acquired 100% of ART Fertility Clinics for over USD100m in January 2020. Read More
Ribbit Capital Leads USD65m Series A+ for Indonesian Investment App Ajaib
Ribbit Capital led a USD65m Series A extension for Indonesia-based investment app Ajaib, with participation from Y Combinator Continuity, ICONIQ Capital and Bangkok Bank PLC and follow-on from Horizons Ventures, SoftBank Ventures Asia, Alpha JWC and Insignia Ventures. David Velez (Nubank) and SG Lee (Toss) also participated in the round. Ajaib raised a USD25m Series A in January 2021. Read… Read More
Sequoia and Tiger Global Lead USD300m Series C for Turkish Grocery Delivery Startup Getir
Sequoia Capital and existing investor Tiger Global Management led a USD300m Series C for Turkey-based grocery delivery platform Getir at a reported USD2.6b valuation. Crankstart Investments and Base Partners led the company’s USD128m Series B in January 2021. Read More
Matrix China, BA Capital, CITIC and Maison Capital Invest USD122m Series B for Chinese Yogurt Brand Simple Love
Existing investors Matrix China, BA Capital, CITIC Agricultural Fund and Maison Capital have invested a CNY800m (~USD122m) Series B for China-based yogurt brand Simple Love (also known as Jian’Ai), with participation from Sequoia Capital China, Yunfeng Capital, Proterra Investment Partners and DCP Investments. Read More
TCV, D1 Capital and Falcon Edge Lead USD400m Investment in India’s Dream Sports; Kalaari and Multiples Exit
Technology Crossover Ventures (TCV), D1 Capital Partners and Falcon Edge Capital led a USD400m investment in Dream Sports, the India-based owner of online fantasy sports app Dream11, at a reported USD5b valuation. The round facilitated an exit for Kalaari Capital and Multiples Alternate Asset Management and saw participation from existing investors Tiger Global Management, ChrysCapital, TPG Growth, Steadview Capital and… Read More
Wise Road Capital in USD1.4b Take Private of South Korea’s Magnachip Semiconductor
Wise Road Capital has agreed to acquire South Korea-based chip maker Magnachip Semiconductor Corporation through a take-private deal valued at USD1.4b. Read More
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