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Savannah Fund II Reaches First Close with IFC Commitment
IFC has committed USD3m to Savannah Fund II, a seed fund with a focus on supporting women entrepreneurs and disruptive companies in high-growth sectors in Africa. The fund, which targets USD25m, recently reached an undisclosed first close. Read More
Volpe Capital Reaches USD80m First Close for Latin American VC Fund
Volpe Capital has reached a USD80m first close with commitments from SoftBank, BTG Pactual and Banco Inter affiliates. The VC fund, which specializes in high-growth technology investments in Latin America, has a USD150m target. Volpe Capital also announced an undisclosed investment in Brazilian edtech UOL Edtech as the fund’s inaugural investment. Read More
Loyal Valley Capital Leads USD100m Series B for Chinese Ophthalmology Company Arctic Vision
Loyal Valley Capital led a USD100m Series B for Arctic Vision, a China-based clinical-stage ophthalmology company focused on developing therapies for pan-ocular diseases, with participation from Tencent, Octagon Capital, and New World Development Group CEO Dr. Adrian Cheng, and follow-on from Nan Fung Life Sciences, Pivotal bioVenture Partners China and Morningside Ventures. Read More
Owl Ventures and Full In Partners Lead USD35m Series B for Ukranian Edtech Preply
Owl Ventures and Full In Partners led a EUR29.4m (approximately USD35m) Series B for Ukraine-based edtech Preply, with follow-on from Point Nine Capital, Hoxton Ventures and All Iron. Angel investors including Delivery Hero co-founder and CEO Niklas Ostberg, Booking.com co-founder Arthur Kosten, Unity Technologies co-founder David Helgason and former Upwork CEO Gary Swart also participated in the round. Read More
FountainVest Leads USD100m Round for Chinese E-Commerce Platform Ushopal
FountainVest Partners led a USD100m round for Ushopal, a China-based e-commerce platform for luxury brands, with participation from Zhongyuan Capital, Hengxu Capital and Dazhong Zhongsong Fund, and follow-on from Cathay Capital. Read More
Avenir and Tiger Global Lead USD170m Series C for Africa-Focused Fintech Flutterwave
Avenir Growth Capital and Tiger Global Management led a USD170m Series C for Flutterwave, a digital payments platform for African businesses, at a reported valuation of ~USD1b, with participation from DST Global, Early Capital Berrywood, Green Visor Capital, Greytcroft, Insight Ventures, Salesforce Ventures, Worldpay FIS and 9yards Capital. Read More
Redpoint eventures, Riverwood, Astella, Others Exit RD Station via USD324m Sale to TOTVS
Redpoint eventures, Riverwood Capital, Astella Investimentos, DGF Investimentos, TPG Growth and Endeavor Catalyst have exited RD Station (formerly Resultados Digitais), a Brazil-based marketing automation platform for small businesses in Latin America, through a sale to TOTVS, a Brazilian enterprise software solutions platform, at a reported BRL2b (approximately USD348.7m) valuation. Read More
Jungle Ventures Joins USD46m Series D for Indian Insurtech Turtlemint
Jungle Ventures has made an undisclosed investment as part of a Series D for India-based insurtech Turtlemint. The latest investment brings the overall capital raised through the Series D to USD46m. GGV Capital led the USD30m first tranche in November 2020. Read More
Temasek Commits USD500m to LeapFrog
Temasek Holdings has entered into a strategic partnership with LeapFrog Investments. As part of the partnership, which will take the form of a multi-fund investment by Temasek to anchor LeapFrog’s future funds, Temasek has committed USD500m to LeapFrog. Read More
FinTech Collective Leads USD14m Series A for Mexican Pay-on-Demand Startup minu
FinTech Collective led a USD14m Series A for Mexico-based pay-on-demand startup minu, with participation from VEF, XYZ Ventures, FJ Labs, DocuSign founder Tom Gonser and Gusto CFO Mike Dinsdale. QED Investors, Next Billion Ventures and Village Global followed on. The round includes USD2.5m in debt from Banco Sabadell Mexico. Read More
SunFunder Reaches USD70m Final Close for SET Fund
SunFunder has reached a USD70m final close for its Solar Energy Transformation (SET) Fund, a blended finance vehicle focused on distributed solar and storage investments in Africa and Asia. Investors in the fund include U.S. International Development Finance Corporation (DFC), the Development Bank of Austria (OeEB), Swedfund, Bank of America, Mercy Investment Services, Calvert Impact Capital, Ceniarth, the IKEA Foundation… Read More
Patria Reaches USD140.5m First Close for Core Infrastructure Fund
Patria Investments has reached a BRL800m (approximately USD140.5m) first close for its first Core Infrastructure Fund. The vehicle will seek to invest in high-quality, operational power generation and transmission assets in Brazil. Read More