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Tiger Global and Avatar Growth Capital Lead USD44m Series C for Indian SaaS Firm SirionLabs
Tiger Global Management and Avatar Growth Capital led a USD44m Series C for India-based SaaS firm SirionLabs. Sequoia Capital, QualGro ASEAN Fund, and Canopy Ventures previously led the company’s USD12m Series B in July 2016. Read More
Oceanpine Capital Reaches USD200m First Close for China Tech-Focused Fund
Chinese technology-focused private equity firm Oceanpine Capital has reached a USD200m first close for its second fund, with 30% of the capital committed by the GP. The vehicle, which targets USD400m, will focus on technology-enabled opportunities in the TMT and healthcare sectors. Read More
Novastar Ventures Africa Fund II Reaches USD108m Final Close
Africa-focused venture capital fund manager Novastar Ventures has reached a USD108m final close for its second fund. The vehicle targets early and growth stage startups in East and West Africa. Read More
ADB Approves USD100m Loan to Mongolia to Support COVID-19 Response
Asian Development Bank has approved a USD100m loan to the Government of Mongolia to support its response to the COVID-19 outbreak through its COVID-19 Rapid Response Program. As a part of the funding, support will be provided to micro, small, and medium-sized enterprises, including those engaged in international trade, particularly the import of critical food and medical supplies. Read More
Pirineus Acquires Eletrobras’ 49% Stake in Brazilian Wind Farm Mangue Seco 2 for USD5.7m
Pirineus Multistrategy Investment Fund has acquired Brazilian power distributor Centrais Eletricas Brasileiras’ (Eletrobras’) 49% stake in Brazil-based 26-MW Mangue Seco 2 wind farm for BRL33m (approximately USD5.7m). Read More
Sequoia Capital India Leads USD109m Series A for Indonesian Coffee Chain Kopi Kenangan
Sequoia Capital India led a USD109m Series A for Indonesia-based coffee chain Kopi Kenangan, with participation from B Capital, Verlinvest, Kunlun, Sofina, and existing investor Alpha JWC Ventures. Read More
Warburg Pincus and Eight Roads Ventures Partially Exit Indian Pharmaceutical Company Laurus Labs
Warburg Pincus and Eight Roads Ventures have exited part of their stakes in Mumbai-listed drugmaker Laurus Labs. Warburg Pincus recently sold a nearly 8% stake for USD49m, after previously divesting shares for USD51m during the company’s IPO in December 2016. Warburg still holds an 11.26% stake in Laurus Labs. Eight Roads sold almost its entire stake in the company via… Read More
General Atlantic Leads USD300m Funding Round for Chinese Grocery E-Commerce Platform Dingdong Maicai
General Atlantic led a USD300m funding round for China-based grocery e-commerce platform Dingdong Maicai. Earlier backers in the company include Sequoia Capital China and Qiming Ventures. Read More
TRG Acquires Croatian CRO Optimapharm From Mezzanine Management
Emerging markets-focused alternative asset manager The Rohatyn Group (TRG) has acquired Optimapharm, a Croatia-based contract research organization with operations throughout Europe, from Central and Eastern Europe-focused private credit fund manager Mezzanine Management. Read More
Legend Capital Leads USD141m Funding Round for Chinese Pharmaceutical Company Novast Holdings
Legend Capital led a USD141m funding round for Chinese pharmaceutical company Novast Holdings via a private placement. Shiyu Capital, Xiamen C&D, HighLight Capital, Highsino, and China’s Service Trade Fund also participated in the private placement. Read More
Vertex Leads USD26.5m Series D for Taiwanese Social Media Startup M17
Temasek-backed US- and Asia-focused VC fund manager Vertex Ventures, led a USD26.5m Series D for Taiwan-based social media startup M17 Entertainment, with participation from Stonebridge Korea Unicorn Venture Fund, Innoven Capital Singapore, Kaga Electronics, and ASE Global Group. Read More
Genesis Investments Leads USD1.5m Seed Investment for Belarus’ Video Editing Application VOCHI
Ukraine-based VC fund Genesis Investments led a USD1.5m seed investment for Belarus-based video editing application VOCHI. Read More