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.
Impact Ventures Invests ~USD1.5m in Hungarian Programming Bootcamp Green Fox Academy
Impact Ventures has invested EUR1.3m (approximately USD1.5m) in Hungary-based programming bootcamp Green Fox Academy. Read More
Change Ventures Leads ~USD2.5m Seed Round for Estonia Fintech Planet42
Change Ventures led a EUR2.2m (approximately USD2.5m) seed round for Planet42, an Estonia-based fintech operating in Africa and focused on providing access to the underbanked, with participation from Bolt Co-Founder Martin Villig, Pipedrive Co-Founder Ragnar Sass, MeetFrank Co-Founder Marko Virkebau, Katana Co-Founder and CEO Kristjan Vilosius, and other Estonian tech entrepreneurs. Read More
KaszeK Ventures Leads ~USD21m Investment in Brazilian Fintech Remessa Online
Kaszek Ventures led a BRL110m (approximately USD21m) investment in Brazil-based fintech Remessa Online, with participation from Kevin Efrusy, partner at Accel, and Bewater Ventures. Read More
InvAscent Invests USD9.25m in Indian Drug Delivery System Producer Murli Krishna Pharma
India-focused private equity fund manager InvAscent has invested INR700 (approximately USD9.25m) in India-based drug delivery system producer Murli Krishna Pharma through India Life Sciences Fund III. Read More
Qiming, IDG Capital, and Walden International Lead USD155m Series A for Chinese AI Chip Manufacturer Biren Technology
Qiming Venture Partners, IDG Capital, and Walden International led a CNY1.1b (approximately USD155m) Series A for China-based AI chip manufacturer Biren Technology, with participation from Gree Venture Capital, Green Pine Capital Partners, V Fund, CDB Equipment Manufacturing Industrial Investment Fund, Meridian Capital, CCI Holdings, Glory Ventures, and others. Read More
BeeNext Reaches USD110m Final Close for Emerging Asia VC Fund
BeeNext has reached a USD110m final close for its fourth emerging Asia VC fund. The vehicle will invest in early-stage startups in the e-commerce, fintech, healthtech, agtech, edtech, and AI-enabled technology sectors across India and Southeast Asia. Read More
Ninety One’s EAIF Invests USD30m in USD750m Bond Issued by Helios-Backed Helios Towers
The Emerging Africa Infrastructure Fund (EAIF), managed by Ninety One, has invested USD30m in a UK-listed bond issued by HTA Group, a subsidiary of African telecom towers operator Helios Towers, a company backed by Helios Investment Partners. The issue received USD750m in total. Read More
KKR and Temasek Invest USD650m in Vietnamese Property Developer Vinhomes
A consortium of investors led by KKR and including Temasek has invested USD650m in Vietnam-based property developer Vinhomes, the housing development arm of conglomerate Vingroup, for a 6% stake. KKR invested through its Asian Fund III. Read More
Sentinel Capital Acquires Czech Lighting Products Manufacturer Vyrtych
Sentinel Capital Partners has fully acquired Czech lighting products manufacturer Vyrtych for an undisclosed amount. Read More
EI-Backed Anwin Acquires Polish Gas Station Operator EMila
Enterprise Investors-backed Anwin has agreed to acquire Polish network of self-service gas stations EMila. Details of the transaction are undisclosed. Read More
Sequoia India and Point72 Ventures Lead USD21m Series A for Singaporean Digital Bank Tonik
Sequoia Capital India and Point72 Ventures led a USD21m Series A for Singapore-based digital bank Tonik Financial, with participation from existing investors Insignia Venture Partners and Credence Partners. The funding will finance the launch of a digital bank in the Philippines. Read More
Sequoia, Quiming, and Others Lead USD85m Series D for Chinese Digital Health Care Services Provider Miaoshou Doctor
Qiming Venture Partners, Sequoia Capital China, INCE Capital, CITIC Securities, Index Capital, and other investors led a USD85m Series D for China-based digital health care services provider Miaoshou Doctor. Read More