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IDB, HBM Healthcare Investments, and Morgan Rio Capital Management Invest USD18m Series B in Colombian E-Pharmacy Farmalisto
IDB Invest, HBM Healthcare Investments, and Morgan Rio Capital Management have invested a USD18m Series B in Colombia-based digital pharmacy Farmalisto. Read More
EIB to Commit USD156m to Six Africa-Focused Funds
The European Investment Bank (EIB) has approved USD156m in commitments to six Africa-focused funds, including: USD50m to AfricInvest IV; USD20m to Alitheia IDF‘s Gender Smart Fund; USD30m to WDB Equity Fund; USD25m to BluePeak Private Capital‘s maiden private credit fund; USD12.5m to Atlantica Venture Capital Fund; and USD18.5m to Janngo Capital‘s maiden venture fund. Read More
QED Investors Leads USD17.5m Series A for Chilean Insurtech Betterfly
QED Investors led a USD17.5m Series A in Betterfly (formerly Burn to Give), a Chilean certified B-Corp insurtech providing life insurance to SMEs and incentivizing policyholder’s wellbeing with subsidized coverage. Read More
Oceanpine Reaches USD400m Final Close for Fund II
Oceanpine has reached a USD400m final close for its second fund targeting investments in tech and health care. Read More
Alibaba, Tiger Global, SoftBank, Others Invest USD1.6b Series E for Chinese Edtech Zuoyebang
Alibaba, Tiger Global, SoftBank Vision Fund, Sequoia Capital China, and FountainVest Partners have invested a USD1.6b Series E for China-based edtech Zuoyebang. Read More
Mountain Nazca Leads USD17.5m Series A for Peruvian Edtech Crehana
Mountain Nazca led a USD17.5m Series A for Crehana, a Peru-based online learning platform, with participation from Endeavor Catalyst, IFC, and Salesforce Ventures. Alive Ventures, Dila Capital, and Rethink Education followed on. Read More
Yunfeng Capital Invests USD300m in Chinese Edtech Yuanfudao
Yunfeng Capital has invested USD300m in China-based edtech Yuanfudao, bringing the overall funding raised by the company in 2020 to USD3.5b. In March 2020, Hillhouse led the company’s USD1b Series F, and in October 2020, Tencent and DST Global led the company’s USD2.2b Series G. Read more Read More
TLG Exits Fintech Branch Nigeria
TLG Capital has exited Branch International Financial Services (Branch Nigeria), a Nigeria-based subsidiary of Branch Inc, a fintech company with operations in Africa, Latin America, and Asia. TLG originally invested in the company in 2019 through its Credit Opportunities Fund. Read More
TPG Rise Fund Leads USD210m Series D for Chinese Edtech Meishubao
TPG’s The Rise Fund led a USD210m Series D for Meishubao, a Chinese online art education platform, with participation from Fortune Capital, Winsdom Capital, SAIF Partners, Bojia Capital, and Chuangzhi Capital. Read More
Sequoia China Leads USD515m Series E for Hong Kong’s On-Demand Delivery Company Lalamove
Existing investors Sequoia Capital China led a USD515m Series E for Hong Kong-based on-demand delivery company Lalamove, with follow-on from Shunwei Capital Partners and Hillhouse Capital. Read More
FMO Commits USD10m to ARVF II
FMO has committed USD10m to Ascent Rift Valley Fund II (ARVF II), a vehicle targeting investments in SMEs in Ethiopia, Kenya, and Uganda. Read More
Linzor Capital Partners Acquires Majority Stake in Chilean Dental Care Company Uno Salud Dental
Linzor Capital Partners has acquired a majority stake in Chile-based dental care company Uno Salud Dental for an undisclosed amount. Read More