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SoftBank Invests in Brazil’s UOL EdTech
SoftBank, through its SoftBank Latin America Fund, has made an undisclosed investment in UOL EdTech, a Brazil-based education technology company. Read More
Proparco, EAV, EDFI ElectriFi and Others Invest Series B for DRC’s Renewable Energy Company Nuru
Proparco has made a convertible note investment in Nuru, a renewable energy company based in the Democratic Republic of Congo, as part of the company’s Series B. Proparco invested alongside existing investors Energy Access Ventures (EAV) and EDFI ElectrFi, and new investors Gaia Impact and the Joseph Family Foundation. Read More
AIIM Acquires Majority Stake in Ghanaian Data Center Ngoya Etix DC
African Infrastructure Investment Managers (AIIM), through its pan-African infrastructure fund AIIF3, has acquired a majority stake in Ghana-based data center Ngoya Etix DC. The investment was made alongside the management team of the Onix Data Centres Limited (Onix DC) platform. Read More
Warburg to Exit India’s Gangavaram Port via Sale to Adani Ports for ~USD268m
Warburg Pincus has sold its 31.5% stake in India’s Gangavaram Port to Adani Ports and Special Economic Zone Ltd (APSEZ) for ~INR19.54b (approximately USD268m). Read More
Affinity Equity Partners to Acquire South Korean Online Recruitment Platform Jobkorea
Affinity Equity Partners has been selected as the preferred bidder for the acquisition of South Korea-based online recruitment platform Jobkorea. The transaction, which will see Affinity Equity Partners acquire 100% of Jobkorea from H&Q Korea, is valued at a reported KRW900b (approximately USD800m). Read More
IFC Invests USD24m in Estonian Ridesharing and Food Delivery Services Company Bolt
International Finance Corporation has invested USD24m in Estonia-based ridesharing and food delivery services company Bolt to support the expansion of the startup’s operations in Africa and Eastern Europe. D1 Capital Partners led a ~USD182m round for Bolt in January 2021. Read More
DOMO Invest Reaches USD18.5m First Close for Domo Ventures Fund 2
Brazil-based VC DOMO Invest has reached a BRL105m (approximately USD18.5m) first close for Domo Ventures Fund 2, a vehicle focused on new D2C investment opportunities, with commitments from Caixa Seguridade, BB Seguridade and the pension funds of Syngenta, Novartis and Roche. Read More
Lebanese Music Streaming Platform Anghami to List on the Nasdaq After Merger with SHUAA Capital- and Vistas Media-Backed SPAC
Anghami, a Lebanon-based music streaming platform backed by Samena Capital, MEVP, and Endeavor Catalyst, is going to list on the Nasdaq via a merger with Vistas Media Acquisition Company, a SPAC backed by SHUAA Capital and Vistas Media Capital Singapore which raised USD100m in its IPO on the Nasdaq in August 2020. Read More
Asia Partners Reaches USD384m Final Close for Southeast Asia Tech Fund
Asia Partners has reached a USD384m final close for Asia Partners I, its debut technology fund focused on Southeast Asia. Read More
OrbiMed Reaches USD800m Final Close for China & India Healthcare Fund
OrbiMed has reached a USD800m final close for its latest Asia life sciences fund. The vehicle will target venture through growth-stage investments in biotechnology, pharmaceuticals, medical devices, diagnostics and healthcare services in China and India. Read More
True North Partially Exits Indian Online Insurance Aggregator PolicyBazaar
True North, alongside other angel and individual investors, has partially exited its stake in PolicyBazaar, an India-based online insurance aggregator, via a secondary sale of shares worth USD45m. Read More
Accel Leads USD64.6m Series B for Indonesian Fintech Xendit
Accel Partners led a USD64.6m Series B for Xendit, an Indonesia-based digital payments infrastructure startup focused on Southeast Asia, with participation from Y Combinator. Read More