GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
Fil Rouge Capital Invests ~USD1.4m in Slovenian Translation Startup TAIA
VC Fil Rouge Capital invested a EUR1.2m (~USD1.4m) seed round for Slovenian machine translation platform TAIA. Read More
Macquarie Acquires ČEZ Group’s Romanian Power Assets
A consortium led by Macquarie Infrastructure and Real Assets (“MIRA”) acquired a portfolio of Romanian power assets owned by ČEZ Group, including electricity distribution networks, energy supply, and the Fantanele Cogealac wind park, among others. Read More
Abris Exits Polish Locomotive Leasing Company Cargounit to Three Seas
Abris Capital Partners has agreed to sell its stake in Poland-based locomotive leasing company Cargounit to Three Seas Initiative Investment Fund. The transaction is expected to close by year-end 2020. Read More
Inovabra Ventures and Parallax Ventures Invest ~USD6.6m in Brazilian Fintech Asaas
Inovabra Ventures, the venture capital arm of Banco Bradesco, invested BRL37m (~USD6.6m) in Brazilian fintech Asaas, a financial management startup for individual entrepreneurs. Existing investor Parallax Ventures also participated in the round. Read More
Badia Impact Squared Reaches USD36m First Close, EBRD Commits USD10m
Baida Impact Squared, a VC fund managed by Silicon Badia, has reached a USD36m first close. The European Bank for Reconstruction and Development (EBRD) committed USD10m to the fund which will invest in early-stage tech companies in Egypt, Jordan, Lebanon, Morocco, and Tunisia, with a principal focus on Jordan and Egypt. Read More
Innova to Acquire Romanian Payments Operator Paypoint Romania
Innova Capital has agreed to acquire Romania-based payments operator PayPoint Romania from LSE-listed PayPoint. The transaction is subject to regulatory approval. Read More
Tencent and DST Global Lead USD2.2b Series G for Chinese Edtech Yuanfudao
Tencent and DST Global led a USD2.2b Series G for China-based edtech Yuanfudao, with participation from Hillhouse Capital, Boyu Capital, IDG Capital, GIC Private, Temasek Holdings, Trustbridge Partners, CPE, DCP Capital Partners, Ocean Link, Greenwoods Investment, and Danhe Capital. The Series G, which comprised two tranches, the first led by Tencent and the second by DST Global, brings the company’s… Read More
Legend Capital Reaches USD500m Final Close for China VC Fund
Legend Capital has reached a USD500m final close for LC Fund VIII, a USD-denominated VC fund targeting investments in the TMT and consumer services sectors in China. Read More
SAIF Partners Reaches USD400m Final Close for India VC Fund, Rebrands as Elevation Capital
SAIF Partners has reached a USD400m final close for SAIF Partners India VII, an India-focused vehicle targeting seed-to-growth stage investments in IT, financial services, consumer products and services, and mobile. SAIF Partners has also rebranded as Elevation Capital. Read More
Secha Capital Reaches Undisclosed First Close for South Africa-Focused Impact Fund
Secha Capital Partners has reached an undisclosed first close for its second fund, an impact fund targeting early-stage investments in South Africa. The vehicle, which targets USD30m, reportedly expects to reach a final close in October 2021. Read More
Keppel Capital Reaches USD295m First Close for Alpha Asia Macro Trends Fund IV
Keppel Capital has reached a USD295m first close for Alpha Asia Macro Trends Fund IV. The vehicle, which targets USD1b, will invest in offices, business parks, logistics facilities, retail, and accommodation assets in gateway cities across Asia Pacific. Read More
MAYA Capital Reaches USD15m Second Close for Latin America Fund
MAYA Capital reached a USD15m second close for early stage startups in Latin America from family offices from the United States, Europe, and Latin America. Read More