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SoftBank and Dynamo Lead USD190m Series E for Brazilian Online Marketplace MadeiraMadeira
SoftBank and Dynamo led a USD190m Series E for MadeiraMadeira, a Brazil-based online marketplace that specializes in home products, with follow-on from Flybridge, monashees, Velt, Brasil Capital, and Lakewood. With the latest investment, MadeiraMadeira has reportedly reached a valuation of USD1b. Read More
Omnivore Invests Seed Round for Indian Agtech Agri10x
Omnivore has invested an undisclosed seed round for Agri10x, an India-based agtech that operates a blockchain-based marketplace connecting farmers and buyers. Read More
Actis Exits Stake in Nigerian Marine Logistics Company C&I Leasing to Peace Mass Transit
Actis has exited its stake in C&I Leasing, a Nigeria-based company offering fleet management, outsourcing, and marine services, via a trade sale to Peace Mass Transit. Read More
Lightspeed VP, Tencent, DST Global, GGV Capital, and Altimeter Capital Invest USD280m in Indian B2B Marketplace Udaan
Existing investors Lightspeed Venture Partners, Tencent Holdings, DST Global, GGV Capital, and Altimeter Capital, and new investors Octahedron Capital and Moonstone Capital have invested USD280m in India-based B2B e-commerce firm Udaan. Read More
Access Bridge Ventures Reaches First Close for MENA VC Fund
Access Bridge Ventures has reached an undisclosed first close for its debut fund. The vehicle, which aims to raise USD25m, will invest in high-growth tech startups from Saudi Arabia, UAE, Egypt, Pakistan, and the wider MENA region. Read More
CITIC PE, CICC, and Primavera Lead USD279m Series C for Chinese AI Chip Designer Enflame
CITIC PE, CICC Capital, and Primavera Capital led a CNY1.8b (approximately USD279m) Series C for China-based AI chip designer Enflame Technology, with follow-on from Tencent Holdings, Summitview Capital, and Redpoint Ventures China. Read More
Openspace Ventures, Northstar, Alpha JWC, and Others Invest Pre-Series B for Indonesian Edtech Zenius
New investors Openspace Ventures and Alpha JWC Ventures and existing investors the Northstar Group, Kinesys, and BeeNext have invested an undisclosed pre-Series B round for Indonesia-based edtech Zenius Education. Read More
Endiya Partners Reaches USD75m Final Close for India VC Fund
Endiya Partners has reached a INR5b (approximately USD75m) final close for its second fund. The vehicle will make early-stage investments in startups in the consumer internet services, health care, SaaS, and financial technology sectors. Read More
Fubon Life Insurance Commits USD85m to Coller and Hamilton Lane Funds
Taiwan-based insurer Fubon Life Insurance has committed a combined USD85m to two PE funds: Fubon committed USD65m to Coller International Partners VIII, a vehicle managed by Coller Capital; and USD20m to Hamilton Lane Secondary Fund V. Read More
Mekong Capital Reaches USD246m Final Close for Fourth Fund
Mekong Capital has reached a USD246m final close for MEF IV. The vehicle will make growth equity investments in Vietnamese companies operating in the retail, education, restaurants, consumer services, health care, and fast-moving consumer goods sectors. Read More
Oria Capital Invests USD7.7m in Brazilian PRtech Knewin
Oria Capital has invested BRL40m (approximately USD7.7m) in Knewin, a Brazil-based PRtech providing solutions for public relations and marketing. Read More
Sequoia India Leads USD30m Investment in Indonesian Digital Investment Platform Bibit
Sequoia Capital India led a USD30m investment in Indonesia-based digital investment platform Bibit, with follow-on from East Ventures, EV Growth, AC Ventures, and 500 Startups. Read More