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TLcom Leads USD6m Series A for Kenyan Insurtech Pula
TLcom Capital led a USD6m Series A for Pula, a Kenya-based insurtech that specializes in digital and agricultural insurance to derisk smallholder farmers across Africa, with participation from non-profit Women’s World Banking. Read More
KK Fund Leads USD20m Series A for Malaysian Fintech CapBay
KK Fund led a USD20m Series A for CapBay, a Malaysia-based supply chain finance and peer-to-peer financing platform, with participation from angel investors. Read More
TVS Capital Reaches USD272m Final Close for Third India PE Fund
TVS Capital Funds has reached a INR20b (approximately USD272m) final close for TVS Shriram Growth Fund III, an India-focused vehicle. All LPs in the fund, which include DFIs, family offices, insurance companies, and UHNIs, are domestic. Read More
EIB Commits USD18m to ARCH Cold Chain Solutions East Africa Fund
The European Investment Bank (EIB) has committed EUR15m (approximately USD18m) to ARCH Cold Chain Solutions East African Fund. The vehicle, which has an initial target of USD100m and is managed by ARCH Emerging Market Partners, will invest in greenfield assets critical to the operation of temperature-controlled supply chains with equity or quasi-equity financing. Read More
Blackstone-Backed Pátria Raises USD588m in US IPO, Blackstone Partially Exits
Blackstone Group-backed Pátria Investimentos has raised USD588m in a US IPO, with Blackstone reducing its stake to 14% for USD262m. Pátria will use the proceeds to launch new funds and expand its business in Brazil and Latin America. Read More
Creador Partially Exits Stake in Indian Water Storage and Pipes Manufacturer Vectus Industries via Buyback
Creador has sold 12% of its stake in India-based water storage and pipes manufacturer Vectus Industries back to the company for an undisclosed amount. Creador originally acquired a 20% stake in the company in 2014. Read More
Mubadala Acquires Control of Brazilian Highway Concession Rota das Bandeiras for USD376m
Mubadala Investment Company has acquired Farallon Capital Management’s interest in Brazil-based highway concession Rota das Bandeiras for BRL2b (approximately USD376m), becoming the company’s sole controller. The concession operates nearly 300 kilometers of highways in São Paulo. Read More
XTX Ventures Leads USD3.5m Series A for US- and Russia-Based Construction Software Startup TraceAir
XTX Ventures led a USD3.5m Series A for US- and Russia-based construction software startup TraceAir, with participation from Liquid 2 Ventures, GEM Capital, GPS Ventures, Wrike CEO Andrew Filev, Metropolis.VC, Independent Construction, and ENGEO. Read More
KaszeK Ventures Leads USD3.7m Series A for Brazilian Chat-Commerce Platform OmniChat
KaszeK Ventures led a BRL20m (approximately USD3.7m) Series A for Brazil-based chat-commerce platform OmniChat, with participation from GooDz Capital and Honey Island Capital. Read More
Prospect Avenue, Guotai Junan International, and Nan Fung Group Invest USD60m Series B+ for Chinese E-Sports Broadcaster VSPN
Prospect Avenue Capital, Guotai Junan International, and Nan Fung Group have invested a USD60m Series B extension for VSPN, a China-based e-sports broadcaster backed by Temasek Holdings, bringing the overall funding raised for the Series B to USD160m. Tencent led the company’s USD100m Series B in October 2020. Read More
RCF and Beedie Capital Participate in USD182m Financing Deal for Burkina Faso’s Bomboré Gold Project
Resource Capital Funds (RCF) and Beedie Capital have participated in a USD182 financing deal to fund the construction of the Bomboré Gold Project in Burkina Faso, a project owned by Orezone Gold Corporation. The financing includes USD96m in senior secured debt, a USD35m convertible note facility, and USD51m in equity. Read More
Novo Tellus Reaches USD250m Final Close for Second Southeast Asia Fund
Novo Tellus Capital Partners has reached a USD250m final close for its second Southeast Asia-focused fund targeting investment in industrial technology companies. Read More