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Stripe Leads USD12m Series A for Filipino Fintech PayMongo
Stripe led a USD12m Series A for Philippines-based fintech PayMongo, with participation from existing investors Y Combinator and Global Founders Capital, and new investor Bedrock Capital. Read More
AfricInvest Private Credit Provides Trade Finance Facility to Rwanda’s Africa Medical Supplier
AfricInvest Private Credit has agreed to provide a trade finance facility to Rwanda-based Africa Medical Supplier. Terms and size of the investment are undisclosed. Read More
500 Startups, Phoenician Funds, Others Invest USD1.8m Pre-Series A for Lebanese Edtech Synkers
500 Startups, Phoenician Funds, Kafalat iSME, Mulcan Investment, Seeders, Crescent Capital, and Dubai Angel Investors invested a USD1.8m pre-Series A for Lebanon-based edtech Synkers. The round was led by Dr. Lama and Dalia Al Sulaiman of Saudi conglomerate Rolaco Holdings. Read More
Glisco Partners Acquires 30.1% Stake in Mexican Distiller Mezcal Amores
Glisco Partners has acquired a 30.1% stake in Mexico-based distiller Mezcal Amores for an undisclosed amount through Glisco Partners IV. Read More
Hidrovias do Brasil Raises USD608m in IPO, Pátria, BNDES, Temasek, and AIMCo Exit
Brazil-based logistics company Hidrovias do Brasil has raised BRL3.4b (approximately USD608m) in its IPO, facilitating an exit for shareholders including Pátria Investimentos, BNDES, Temasek, and AIMCo. Read More
Ascendent Capital Invests USD500m in Chinese Supermarket Retailer Wumart
Ascendent Capital Partners has invested USD500m in China-based supermarket retailer Wumart. USD150m has been invested through Fund III, USD50m through Fund II, and the remaining USD300m through a co-investment. Read More
BA Capital Reaches USD147m Final Close for Second RMB-Denominated Fund and USD100m First Close for US-Denominated Fund
BA Capital (also known as Black Ant Capital) has reached a USD147m final close for its second RMB-denominated fund and a USD100m first close for its first US-denominated fund. Read More
monashees, Caravela Capital, Pear Ventures, NBV, and MELI Invest USD3.5m in Brazilian Proptech EmCasa
monashees, Caravela Capital, Pear Ventures, NBV, and MELI have invested BRL20m (approximately USD3.5m) in Brazil-based proptech EmCasa. Read More
Taikang Insurance, Highlight Capital, and Zhongyuan Capital Lead USD200m Series C for Chinese Supply Chain Provider Xingyun
Taikang Insurance, Highlight Capital, and Zhongyuan Capital led a USD200m Series C for Xingyun Group, a China-based supply chain provider for imported goods from foreign countries, with participation from Morningside Ventures, Yinshan Capital, C&D Xinxing Investment, Singnah Capital, Pansheng Assets, and existing shareholders Matrix Partners China and Shuyuan Capital. Read More
IMM Exits South Korean Specialty Coffee Chain Hollys Coffee via USD124m Sale to KG Group
IMM Private Equity has agreed to exit its nearly 94% stake in South Korea-based specialty coffee chain Hollys Coffee via a sale to South Korean conglomerate KG Group for USD124m. Read More
EE Capital, Lionrock Capital, and Others Invest USD25m Series D for India- and US-Based Fashion Brand Hopscotch
Facebook co-founder Eduardo Saverin’s investment arm EE Capital, Lionrock Capital, Rise Capital, RPG Ventures, and IIFL Seed Ventures Fund have invested a USD25m Series D for India- and US-based fashion brand for kids Hopscotch. Read More
SAIF Partners, Twitter, Lightspeed, and Others Invest USD40m Pre-Series E for Indian Social Media Startup ShareChat
Existing investors SAIF Partners, Twitter, Lightspeed Venture Partners, and India Quotient, and new investors Hero MotoCorp chairman Pawan Munjal and DCM Shriram chairman Ajay Shridhar Shriram have invested a USD40m pre-Series E for India-based social media startup ShareChat. Read More