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B Capital and Quona Capital Lead USD13.8m Series A for India’s Turno
B Capital and Quona Capital led a USD13.8m Series A for Turno, an India-based EV distribution and financing platform, with participation from venture debt providers InnoVen Capital and Alteria Capital, and follow-on from Stellaris Venture Partners and Avaana Capital. Read More
Global Ventures and Delivery Hero Ventures Lead USD16m Series B for Egypt’s Yodawy
Global Ventures and Delivery Hero Ventures led a USD16m Series B for Yodawy, an Egypt-based healthtech that connects pharmacies, insurance companies and pharmaceuticals with patients, with follow-on from AAIC Investment, Dallah Al-Baraka, Middle East Venture Partners (MEVP), CVentures and P1 Ventures. Read More
Egypt’s Gameball Raises USD3.5m Seed Round
Egypt-based CRM platform Gameball raised a USD3.5m seed round from 500 Global, P1 Ventures, Launch Africa, Seedra Ventures, Arzan Ventures and others. Read More
Rukam Capital Reaches USD19m Final Close for Debut Fund
Rukam Capital reached a USD19m final close for its debut fund, focused on early-stage Indian consumer companies in beverage, confectionary, personal care and packaged food businesses. Read More
Singapore’s ION Mobility Raises USD18.7m Series A from TVS Motor, AC Ventures and Others
Singapore-based EV motorbike maker ION Mobility raised a USD18.7m Series A from TVS Motor, AC Ventures, Michael Sampoerna and Ng Ho Sen, with follow-on from Monk’s Hill Ventures, TNB Aura, Quest Ventures, Village Global, GDP Venture and SEEDS Capital. Read More
Adiwale Partners and I&P Acquires Minority Stake in Ghana’s VoltaCars Rental Services
Adiwale Partners and Investisseurs & Partenaires (I&P) acquired a minority stake in VoltaCars Rental Service (VRS), a Ghana-based vehicle leasing company. Adiwale acquired VRS through its maiden Adiwale Fund I, which reached a EUR60m final close in 2021 and targets growth capital investments in West Africa’s SMEs. Read More
responsAbility Investments Reaches First Closes for Asia- and Latin America-focused Sustainable Food Funds at Combined USD274m
responsAbility Investments reached first closes for its latest funds focused on food production and distribution companies. Growth equity vehicle Sustainable Food Asia II and mezzanine fund Sustainable Food Latam reached USD173m and USD101m first closes, respectively. Read More
Intudo Ventures Leads USD12m Series B for Indonesia’s iSeller
Intudo Ventures led a USD12m Series B for iSeller, an Indonesia-based point-of-sale platform, with participation from KVision, Mandiri Capital and Openspace Ventures. The deal has facilitated iSeller’s acquisition of payment platform Yukk. Read More
AfricInvest Invests in Nigeria’s Justrite
AfricInvest, through its fourth flagship fund, invested in Nigeria-based retail chain Justrite. Read More
General Catalyst Leads USD10m Round for Brazil’s Genial Care
General Catalyst led a USD10m round for Genial Care, a Brazil-based provider of autism care services for children, with participation from Atlantico, Canary and angel investors. Read More
BTG Pactual Leads USD30m Round for Chile’s BioElements
BTG Pactual led a USD30m round for BioElements, a Chile-based biodegradable plastic packaging manufacturer. Read More
China’s LePure Raises ~USD15m Series C Led by General Atlantic, Novo Holdings and Goldman Sachs Asset Management
LePure, a China-based bioprocess equipment developer, raised a ~CNY100m (~USD15m) Series C led by General Atlantic, Novo Holdings and Goldman Sachs Asset Management, with follow-on from Highlight Capital, Bayland Capital, HM Capital, CSTC and Huaying Health Fund. Read More