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Legend Capital and Lyfe Capital Lead USD226.6m Series B for Chinese Biotech Firm RecBio
Legend Capital and Lyfe Capital led a CNY1.5b (approximately USD226.6m) Series B for China-based biotech firm RecBio, with participation from Sequoia Capital and Temasek’s Vertex Ventures. Other investors include China’s HT Capital, Co-Stone Asset Management, Yuanbio Venture Capital, Qingsong Capital, and China Everbright Limited. Read More
MBK Partners to Invest USD228m in Chinese Car Rental Company CAR for 20.9% Stake
MBK Partners has agreed to invest HKD1.7b (approximately USD228m) in Hong Kong-listed China Rental Car from Ucar for a 20.9% stake. Read More
DCL Reaches USD455m Final Close for China Distressed Assets Fund
DCL Investments has reached a CNY3b (approximately USD455m) final close for its latest RMB-denominated fund focused on distressed investment opportunities in China. Read More
Qualcomm and monashees Lead Series A for Brazilian Edge Computing Platform Azion
Qualcomm Ventures and monashees led an undisclosed Series A for Brazil-based edge computing platform Azion. Read More
SoftBank-Backed Grab Leads USD100m Series B for Indonesian Fintech LinkAja
SoftBank-backed Grab led a USD100m Series B for Indonesia-based fintech LinkAja, with participation from Telkomsel, BRI Ventura Investama, and Mandiri Capital Indonesia. Read More
Target Global Leads USD10m Seed Round for Nigerian Fintech Kuda
Target Global led a USD10m seed round for Kuda, a Nigeria-based fintech that operates a mobile-first challenger bank for consumers, with participation from Entrée Capital and SBI Investment, as well as fintech founders and angel investors. Read More
Apollo Global to Invest USD591 in Czech Lottery Company Sazka Entertainment
Apollo Global Management has agreed to invest EUR500m (approximately USD591m) in Czech Republic-based lottery company Sazka Entertainment. The transaction reportedly brings the company’s valuation to EUR4.2b (approximately USD5b). Read More
Elbrus Capital- and Winter Capital-Led Consortium Acquires 60% of Russian Bank and Insurance Marketplace Banki.ru
A consortium of investors led by Elbrus Capital and Winter Capital has acquired a 60% stake in Russia-based bank and insurance marketplace Banki.ru from the company’s founders. Read More
OTPP Leads USD267m Series C for Chinese Self-Driving Startup Pony.ai
Ontario Teachers’ Pension Plan Board led a USD267m Series C for China-based autonomous driving startup Pony.ai at a post-money valuation of USD5.3b. Fidelity China Special Situations, ClearVue Partners, Eight Roads, 5Y Capital (formerly Morningside Venture Capital), and FAW Group also participated in the round. Read More
Mirae Asset-Naver Growth Fund and Others Invest Additional USD146m Series J for Indian Food Delivery Startup Zomato
Mirae Asset-Naver Asia Growth Fund, Steadview Capital, Luxor Capital Group, Lugard Road Capital, and ASP India Fund have invested INR10.85b (approximately USD146m) in the ongoing Series J for India-based food delivery startup Zomato. The company already raised USD250m+ for its Series J, which targets USD600m, from investors including Ant Financial, Temasek Holdings, and Tiger Global Management. Read More
Investcorp, Norwest VP, and Gaja Invest USD110m for 31% Stake in Indian Logistics Startup XpressBees
Investcorp, Norwest Venture Partners, and Gaja Capital have invested USD110m in Indian e-commerce logistics startup XpressBees for a collective 31% stake, facilitating an exit for Paytm, Vertex Ventures, and NEA. Read More
AfricInvest Sells 30% Stake in Tunisian Geotechnical Engineering Company Hydrosol Foundations to Groupe Ginger
AfricInvest has agreed to sell its 30% stake in Tunisia-based geotechnical and foundation engineering company Hydrosol Foundations to Groupe Ginger for an undisclosed amount. Read More