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Phatisa Reaches USD143m Final Close for Africa Food Fund 2
Phatisa has reached a USD143m final close for Phatisa Food Fund 2 following a USD82m joint commitment from CDC Group, Norfund, Finnfund, FinDev Canada, and BIO. The vehicle will invest in the food value chain across Sub-Saharan Africa. Read More
Composite Capital and Moore Strategic Ventures Lead USD95m Series D for Indian Gaming Platform MPL
Composite Capital and Moore Strategic Ventures led a USD95m Series D for India-based gaming platform Mobile Premier League (MPL), with participation from Base Partners, TRP Global, SIG, Go-Ventures, Telstra Ventures, Founders Circle, and Play Ventures. The latest round brings the company’s valuation to USD945m. Read More
CDC and Alfa Platform Capital Invest USD100m in Egyptian Diagnostics and Medical Care Company Alfa Medical Group
CDC Group, alongside Africa Platform Capital and the family office of (Cinven co-founder) Simon Rowlands, has invested USD100m in Egypt-based diagnostics and medical care company Alfa Medical Group. Read More
Greenoaks Capital and Lightspeed VP Invest USD120m Series D in Indian B2B Manufacturing Services Marketplace Zetwerk
Greenoaks Capital and Lightspeed Venture Partners led a USD120m Series D for India-based B2B manufacturing services marketplace Zetwerk, with participation from Sequoia Capital India and Kae Capital. Read More
Valor Capital Leads USD19m Series A for Brazilian Enterprise Communication and Collaboration Platform Rocket.Chat
Valor Capital Group led a USD19m Series A for Rocket.Chat, a Brazil-based enterprise communication and collaboration platform, with participation from e.ventures, Greycroft, Graphene Ventures, monashees, NEA, ONEVC, and DFG. Read More
Monk’s Hill Leads USD5m Series A for Singaporean Healthtech Bot MD
Monk’s Hill Ventures led a USD5m Series A for Bot MD, a Singapore-based AI clinical assistant for doctors, with participation from SeaX, XA Network, and SGInnovate. Read More
Stillfront to Acquire 100% of Moonfrog Labs, Tiger Global and Sequoia India to Exit
Sweden-based gaming studio Stillfront has agreed to acquire India-based mobile games developer Moonfrog Labs, facilitating an exit for Tiger Global Management and Sequoia Capital India. The acquisition will be a staged process, with the first tranche seeing Stillfront acquire 91% of the company for USD90m. Read More
Ruya Partners Provides USD25m in Debt Financing to UAE’s Streaming Service Company Starzplay
Ruya Partners has agreed to provide USD25m in debt financing to Starzplay, a UAE-based, on-demand video streaming service platform. Read More
Brown Advisory Invests in CrossBoundary Group
Brown Advisory has made a minority investment in CrossBoundary Group as part of a newly announced strategic partnership between the two firms. Read More
Lilly Asia Ventures Reaches USD1.35b Final Close for Health Care Fund
Lilly Asia Ventures has reached a USD1.35b final close for its latest health care fund, with USD900m raised for the main pool and an additional USD450m raised for an opportunity vehicle that sits alongside the main fund. Read More
Women’s World Banking Leads USD6.6m Pre-Series B for Colombian Fintech Aflore
Global non-profit Women’s World Banking, through its Women’s World Banking Capital Partners II fund, led a USD6.6m pre-Series B for Aflore, a Colombia-based fintech focused on financial inclusion, with participation from Polymath Ventures, Amador Holdings, Unreasonable Capital, and other existing shareholders. Read More
True North and Bessemer in Partial Exit from Indian Housing Finance Company Home First via USD158m IPO
True North and Bessemer Venture Partners have achieved a partial exit from India-based housing finance company Home First via the company’s INR11.5b (approximately USD158m) IPO. True North and Bessemer sold INR4.35b (~USD59.5m) and INR1.2b (~USD16.5m) worth of shares, respectively. Read More