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GL Ventures and Temasek Lead USD230m Series C for Chinese Biotech Clover Biopharmaceuticals
GL Ventures and Temasek led a USD230m Series C for Clover Biopharmaceuticals, a China-based clinical-stage biotechnology company and vaccine developer, with participation from Oceanpine Capital and OrbiMed, and follow-on from Delos Capital. Read More
Gulf Capital Exits Turkish Internet Service Provider Turknet
Gulf Capital has exited its 70% stake in Turknet Iletisim Hizmetleri (Turknet) via a sale to a consortium of buyers including Celebiler Family and Re-Pie Portfoy Yonetimi. Gulf Capital originally invested in Turknet via its Gulf Capital Credit Opportunities Fund I in 2013. Read More
OrbiMed and WuXi Huiying Investment Lead USD40m Series C for Chinese Medical Technology Developer AnchorDx
OrbiMed and WuXi Huiying Investment led a USD40m Series C for AnchorDx, a China-based medical technology developer focused on DNA sequencing and diagnostics. Read More
Volition Capital Leads USD68m Investment in Ukrainian Low-Code CRM Company Creatio
Volition Capital led a USD68m investment in Creatio, a Ukraine-based software company providing a low-code platform for process management and CRM, with participation from Horizon Capital. Read More
IFC Invests USD10m in SP Ventures’ AgVentures II
IFC has invested USD10m in AgVentures II. The fund, which is managed by SP Ventures, targets investments in agtech companies in Latin America. This marks a third fund close for AgVentures II at BRL160m (approximately USD29.7m). Read More
KKR to Acquire Majority Stake in Telefonica Chile’s Fiber Optic Network in a Deal Valued at USD1b
KKR has agreed to acquire a majority stake in the existing fiber optic network of Telefonica Chile in order to establish an open access wholesale fiber optics company. As part of the agreement, Telefonica will hold a 40% stake in the new company. The transaction is valued at USD1b and is expected to close in the first half of 2021.… Read More
Earlybird VC Reaches USD241m Final Close for Emerging Europe VC Fund
Earlybird Venture Capital has reached a EUR200m (approximately USD241m) final close for its Digital East Fund II, a vehicle targeting early-stage investments in Emerging Europe. Read More
Winter Capital Partners and Russia-China Technology Investment Fund Invest USD10m in Russia’s Algorithmics
Winter Capital Partners and the Russia-China Technology Investment Fund have invested USD10m in Algorithmics, an international school of mathematics and programming based in Russia, as part of the company’s Series A. Winter Capital Partners also acquired Algorithmics stakes from a number of minority shareholders. Read More
Lilly Asia Leads USD90m Series B for Chinese Biotech Regor Therapeutics
Lilly Asia Ventures led a USD90m Series B for Regor Therapeutics, a China-based clinical stage biotechnology company dedicated to the discovery of innovative medicines to treat cancer, immune disorders, and metabolic diseases. Loyal Valley Capital, Lanting Capital, TF Capital, and Vertex Ventures China also participated in the round. Read More
Sequoia China Leads USD2b Round for Chinese Grocery Shopping App Xingsheng Youxuan
Sequoia Capital China led a USD2b funding round for China-based community grocery shopping app Xingsheng Youxuan, with participation from FountainVest Partners, Primavera Capital Group, KKR, Tencent Holdings, Temasek, and China Evergrande Group. Read More
MGM Innova Capital Invests USD4m in Mexican Clean Energy Financing Platform Wirewatt
MGM Innova Capital has invested USD4m in Wirewatt, a Mexico-based clean energy financing platform providing loans to homeowners and SMEs to finance solar, battery, and other energy-efficiency improvement projects. Read More
Arlon Group and FitPart Invest USD18.5m in Brazilian Logistics Solutions Company Sotran
Arlon Group and FitPart have invested BRL100m (approximately USD18.5m) in Sotran, a Brazil-based logistics solutions company serving the agribusiness sector. Read More