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Swiss Re and Tencent Lead USD230m Series D for Beijing Health Care Crowdfunding Platform Waterdrop
Swiss Re and Tencent led a USD230m Series D for Beijing-based health care crowdfunding platform Waterdrop, with participation from existing investors IDG Capital and Wisdom Choice Global Fund. Read More
Navis Makes Undisclosed Follow-On Investment in Malaysian Scaffolding and Construction Equipment Solutions Provider Dscaff
Navis Capital Partners has made a reportedly substantial follow-on investment in Malaysia-based scaffolding and construction equipment solutions provider Dscaff Group for a majority stake in the company. Navis originally invested an undisclosed amount in Dscaff in 2018. Read More
B Capital Leads USD15m Series B for Mexican CRM Platform Yalochat
B Capital Group led a USD15m Series B for Mexico-based CRM platform Yalochat, with participation from existing investor Sierra Ventures. Read More
L Catterton Invests USD150m in Argentine Traveltech Despegar.com
L Catterton has agreed to invest USD150m in Argentina-based online travel company Despegar.com via a private placement. The investment is expected to close in September 2020 and is subject to customary closing conditions. Read More
Proeza Ventures Leads Undisclosed Investment in Mexican Smart Mobility Solutions Platform Parkimóvil
Proeza Ventures led an undisclosed investment round for Mexico-based smart mobility solutions provider Parkimóvil, with participation from Liil Ventures and follow-on from Capital Invent. Read More
Lilly Asia Ventures Leads USD100m Round for Shanghai’s Dizal Pharma with Participation from Sequoia, Trinity Innovation Fund, and Wuxi NewForce
Lilly Asia Ventures led a USD100m round in Shanghai-based Dizal Pharma, a joint venture between state-owned SDIC Fund Management, Swedish drugmaker AstraZeneca, and Zytz Partners that develops therapies for cancer and autoimmunity. New investors Sequoia Capital China, Trinity Innovation Fund, and Wuxi NewForce also participated in the round. Read More
Innova Capital Exits Slovenia’s Trimo via Sale to Kingspan Group
Innova Capital sold its 100% stake in Trimo, a Slovenia-based producer of high quality façade and building envelope solutions, to Kingspan Group for an undisclosed amount. Read More
ARC FS Acquires 25% Economic Interest in SanLam’s South African Asset Management Business
Sanlam has signed an agreement with African Rainbow Capital Financial Services (ARC FS) to own an approximate 25% economic interest in Sanlam’s South African third-party asset management business. The transaction is subject to regulatory approvals and will establish one of the largest black-empowered asset management companies in the country. Read More
Helix Investments Partially Exits Indian Edtech LearningMate via Sale to Partners Group-Backed SPi Global
Helix Investments has partially exited India-based edtech LearningMate via a sale to SPi Global, a Philippines-based enterprise technology provider backed by Partners Group. Helix acquired a majority stake in the company in 2009 and, after the exit, will retain a minority stake in the company. SPi Global is now the majority shareholder. Read More
Matrix Partners, Sequoia India, and Hummingbird Ventures Invest USD10m Series A for Indian Fintech FPL Technologies
Matrix Partners, Sequoia India, and Hummingbird Ventures have invested a USD10m Series A for India-based fintech FPL Technologies, with participation from angel investors. Read More
Lightspeed, Blume Ventures, and growX Ventures Lead USD5m Seed Round for Indian Spacetech Pixxel
Lightspeed India Partners, Blume Ventures, and growX Ventures led a USD5m seed round for India-based spacetech Pixxel, with participation from angel investors. Read More
Hillhouse to Invest USD830m Series B for China’s JD Health
Hillhouse Capital has agreed to invest a USD830m Series B for JD Health, the health care subsidiary of China-based e-commerce giant JD.com. Read More