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SP Ventures Reaches USD17.2m First Close for Latin America Agrifoodtech Fund
SP Ventures has reached a USD17.2m first close for its Latin America-focused agrifoodtech fund. The vehicle, which targets USD50m, counts Syngenta Ventures and BASF among its investors. Read More
DST Global Invests USD122m Series F for Indian Edtech Byju’s
DST Global has invested USD122m in the ongoing Series F for India-based edtech Byju’s for a 1.2% stake in the company. Read More
KKR Leads USD150m Series E1 for Chinese Edtech Huohua Siwei
KKR led a USD150m Series E1 for China-based edtech Huohua Siwei, with follow-on from existing investors GGV Capital, GSR Ventures, Sequoia Capital China, IDG Capital, and Longfor Capital. Read More
Redpoint eventures Leads USD5m Investment for Brazilian AI Startup CyberLabs
Redpoint eventures led a BRL28m (approximately USD5m) investment round for Brazil-based AI startup CyberLabs for an undisclosed stake in the company. Read More
Insight Partners Leads USD118m Series B for Argentine Visual Collaboration Platform MURAL
Insight Partners led a USD118m Series B for Argentina-based visual collaboration platform MURAL, with participation from Tiger Global, Slack Fund, World Innovation Lab, and existing investor Gradient Ventures. Qualtrics CEO and co-founder Ryan Smith, AthenePartners CEO Bill Veghte, and former Gainsight COO Allison Pickens also took part in the round. Read More
I Squared Capital to Exit Orazul Energy Perú via Strategic Sale to ISA for USD158.5m
I Squared Capital has exited Orazul Energy Perú, owner of companies Etenorte and Eteselva, which operate six transmission lines in Peru, via a USD158.5m sale to ISA Group. Read More
Hahn & Co Acquires Korean Air’s In-Flight Business for USD835m
Hanh & Company has agreed to acquire the in-flight catering and duty-free businesses of Korean Air for KRW990b (approximately USD835m). Read More
Hanwha Life Insurance Commits USD400m to KKR Asian Fund IV
South Korea-based life insurer Hanwha Life Insurance has committed USD400m to KKR Asian Fund IV. The vehicle, which targets USD12.5b and has reportedly received USD12b in commitments to date, will make pan-Asia investments with a focus on control buyout transactions. Read More
Qnbeyond Ventures Invests Undisclosed Amount in Turkey-Based Retail Management Startup Ikas
Qnbeyond Ventures, the investment arm of Turkish bank QNB Finansbank, invested an undisclosed amount in Ikas, a Turkish marketplace solution, at a reported USD6m post-money valuation. Read More
Bill Gates’ Breakthrough Energy Ventures, Clean Energy Ventures, and Goodwell Investments Lead USD12m Series A for EM-Focused Energy Startup SparkMeter
Clean Energy Ventures, Breakthrough Energy Ventures (co-founded by Bill Gates), and Goodwell Investments, in partnership with Alitheia Capital and Total Energy Ventures, led a USD12m Series A for SparkMeter, a Washington, D.C.- and Kenya-based provider of energy grid management services, equipment, and software solutions across Africa, Asia, and the Americas. The funding brings SparkMeter’s total raised to around USD14.2m. Lateral… Read More
Cerberus Acquires 20% Stake in Seven Telecommunications and Consumer Goods Units of Mongolia’s MCS Group
An affiliate of Cerberus Capital Management has acquired a 20% stake in seven units of Mongolia-based MCS Group for an undisclosed amount. The acquired units operate across telecommunications and consumer goods. Read More
Stonepeak Commits USD1b to Form Pan-Asia Data Center Platform
Stonepeak Infrastructure Partners and a team of senior executives formerly with Equinix, Facebook, Tata Communications, and Macquarie, have committed USD1b to form Digital Edge, a data center platform headquartered in Singapore and focused on acquiring and developing carrier-neutral data centers and related digital infrastructure assets across the Asia Pacific region. Read More