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Thermo Fisher Scientific, Shiyu Capital, and Others Invest USD150m Series B for Chinese Diagnostics Company WuXi Diagnostics
Thermo Fisher Scientific, Shiyu Capital, ABC International Holdings Limited, Sunland Capital, CCBI Tech Venture, and existing shareholder YF Capital have invested a USD150m Series B for China-based diagnostics company WuXi Diagnostics. Read More
Target Global Leads USD13m Seed Round for Bahraini Open Banking Platform Tarabut Gateway
Target Global Management led a USD13m seed round for Bahrain-based open banking platform Tarabut Gateway, with participation from Kingsway, CE Ventures, Entrée Capital, Zamil Investment Group, Global Ventures, Almoayed Technologies, and Mad’a Investment. Read More
Menlo Ventures Leads USD23m Series B for Croatian Math Learning App Photomath
Menlo Ventures led a USD23m Series B for Croatia-based math learning app Photomath, with participation from GSV Ventures, Learn Capital, Goodwater Capital, and Cherubic Ventures. Read More
ECP Increases Stake in Tunisian Hygiene and Cleaning Products Group SAH
Emerging Capital Partners (ECP) has increased its stake in Tunisia-listed hygiene and cleaning products group Société d’Articles Hygiéniques (SAH), which trades under the Lilas brand name. ECP first invested in the company in 2008, and the latest transaction brings the firm’s shareholding in SAH to over 5%. Read More
Hlayisani Capital Reaches USD23.7m First Close for South Africa SME Fund
Hlayisani Capital has reached a ZAR350m (approximately USD23.7m) first close for its Hlayisani Growth Fund. The vehicle will invest in high-growth SMEs in South Africa. Read More
Apis Partners and JG Summit Invest USD110m in South African Digital Bank TymeBank
Apis Partners and JG Summit Holdings have invested USD110m in South Africa-based digital bank TymeBank. The proceeds will be used to expand the bank’s presence in South Africa and to finance its expansion into the Philippines. Read More
Monk’s Hill and Qualgro Lead USD5m Series A for Singaporean Education Financing Company ErudiFi
Monk’s Hill Ventures and Qualgro led a USD5m Series A for ErudiFi, a Singapore-based, tech-enabled company providing access to education financing in Southeast Asia. Read More
Penta Sells Slovak Meat Processing Group Mecom to Smithfield Foods
Penta Investments has sold Slovakia-based meat processing group Mecom to Smithfield Foods for an undisclosed amount. Read More
Ninety One’s EAIF Commits up to USD50m to Mauritian Fiber Network Operator Liquid Telecomms’s Bond Issue
Ninety One’s EAIF has agreed to purchase up to USD50m of a bond issued by Mauritius-based fiber network company Liquid Telecommunications. IFC and DEG have also committed to placing orders for up to USD128m. The bond aims to raise USD600m which will be used to refinance existing debt. Read More
Kora, Fidelity, Tiger Global, Bow Wave, and Dragoneer Invest USD250m in Indian Food Delivery Startup Zomato
Kora Management, Fidelity Management and Research Company, Tiger Global Management, Bow Wave Capital Management, and Dragoneer Investment Group have invested USD115m, USD55m, USD50m, USD20m, and USD10m, respectively, in India-based food delivery startup Zomato at a reported USD5.4b valuation. Read More
BECO Capital Leads USD5m Series A for UAE’s Used Luxury Goods Marketplace North Ladder
BECO Capital led a USD5m Series A for UAE-based second-hand luxury products and electronics marketplace North Ladder (formerly BuyBack Bazaar). Read More
CPE Leads USD123.7m Series B+ for Chinese Agtech Wangjiahuan
CITIC Private Equity Funds Management led a CNY800m (approximately USD123.7m) Series B+ for China-based agtech Wangjiahuan, with participation from Paul Run Holding and Ziming Capital. Read More