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Iporanga Investimentos Leads Seed Round for Brazilian B2B Wholesale Marketplace Gonddo
Iporanga Investimentos led an undisclosed seed round for Brazil-based B2B wholesale marketplace, with participation from Verve Capital and angels investors including Viva Real founder Brian Requarth and Olist founder Tiago Dalvi. Read More
Quona Capital and B Capital Group Lead USD20m Series A for Indonesian E-Commerce Marketplace Ula
Quona Capital and B Capital Group led a USD20m Series A for Ula, an Indonesia-based e-commerce marketplace for small retailers, with follow-on from Sequoia Capital India and Lightspeed India Partners. Read More
Quona Capital Leads USD3m Pre-Series A for Nigerian Wealth Management Platform Cowrywise
Quona Capital led a USD3m pre-Series A for Cowryrise, a Nigeria-based fintech startup that offers digital wealth management and financial planning solutions, with participation from Tsadik Foundation, Gumroad CEO Sahil Lavingia, and a syndicate of Nigerian angel investors. Read More
Mediterrania Exits Moroccan Money Transfer Company Cash Plus
Mediterrania Capital Partners has exited its stake in Morocco-based independent money transfer company Cash Plus to a group of Moroccan family offices. Mediterrania originally acquired a 49% stake in the company in 2014. Read more Read More
UTI Capital Reaches USD54m First Close for India Debt Fund
UTI Capital has reached a USD54m first close for its UTI Structured Debt Opportunities Fund II. The vehicle has an initial target of USD137m and will focus on investments in the health care, education, food and agriculture, and renewable energy sectors in India. Read More
Cat Rock Capital Leads USD70m Series C for Polish Beauty and Wellness Booking App Booksy
Cat Rock Capital led a USD70m Series C for Booksy, a beauty and wellness appointment booking app founded in Poland with operations in the US, the UK, Spain, Brazil, and South Africa. Sprints Capital, OpenOcean, Piton Capital, VNV Global, Enern, Kai Hansen, Zach Coelius, and Manta Ray Ventures participated in the round. Read More
Lake Bleu Reaches USD560m Final Close for China Health Care Fund
Lake Bleu Capital has reached a USD560m final close for its latest health care fund targeting late-stage investments across biotech, medical technology, and health care services in China. Read More
Igah Ventures Leads USD7m Series A for Brazilian Payroll Credit Fintech BxBlue
Igah Ventures (formerly e.Bricks Ventures) led a BRL38m (approximately USD7m) Series A for Brazil-based credit fintech BxBlue, with participation from Iporanga Ventures, FJ Labs, and Funders Club. Read More
Five Elms Capital Invests USD25m in Colombian Customer Service Monitoring Startup Playvox
Five Elms Capital has invested USD25m in Playvox, a Colombia-based provider of quality assurance software for customer service. The company also announced its acquisition of Australian workforce monitoring SaaS company Agyle Time. Read More
General Atlantic Invests USD55m in Indonesian Biotech Kalbe Genexine
General Atlantic has invested USD55m in Indonesia-based biotech firm Kalbe Genexine Biologics, a joint venture between Indonesian pharmaceuticals company PT Kalbe Farma and South Korean biotech developer Genexine. Read More
Stride Ventures Reaches USD48m Final Close for India Venture Debt Fund
Stride Ventures has reached a INR3.5b (approximately USD48m) final close for its debut India venture debt fund. The vehicle will invest in growth-stage companies, with a focus on B2B and D2C companies, in India. Read More
Elbrus Reaches USD260m First Close for Third Russia Fund
Elbrus Capital has reportedly reached a USD260m first close for Elbrus Capital Fund III. The vehicle, which has an initial target of USD600m, will target investments in digital companies in Russia. Read More