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Affirma Capital Reaches ~USD215m First Close for CNY-Denominated Fund
Affirma Capital reached a ~CNY1.5b (~USD215m) first close for its first CNY-denominated fund, which is targeting CNY2b (~USD290m) in total commitments. Read more here and here. Read More
NBK Capital Partners Reaches USD215m Final Close for Third Private Credit Fund
NBK Capital Partners reached a final close of USD215m, including co-investment commitments, for Shari’ah Credit Opportunities Fund, a vehicle targeting middle-market companies in Saudi Arabia, the UAE and the broader MENA region. Read M Read More
Blume Ventures Reaches USD250m Final Close for Fund IV
Blume Ventures reached a USD250m final close for its fourth fund, which is focused on early-stage startups in India. Read M Read More
SBICAP Ventures Reaches ~USD1.9b Final Close for SWAMIH Fund I
SBICAP Ventures reached a INR155b (~USD1.9b) final close for SWAMIH Fund I, an India-focused vehicle that will provide debt financing to affordable and mid-income housing projects. Read M Read More
Headline Leads ~USD7m Round for Brazil’s Smart Break
Headline led a BRL30m (~USD7m) round for Smart Break, a Brazil-based startup installing pop-up grocery stores in residential and commercial buildings, with participation from UVC Investimentos, and follow-on from Anjos do Brasil and Columbia Alumni Angels. Read More
Xiang He Capital Leads ~USD10m Series A+ for China’s PhiGent Robotics
Xiang He Capital led a ~USD10m Series A+ for PhiGent Robotics, a China-based autonomous driving solutions provider, with follow-on from Ince Capital. Read more here and h Read More
Aavishkaar Capital Leads USD13m Series A for India’s MoooFarm
Aavishkaar Capital led a USD13m Series A for MoooFarm, an India-based full-stack platform for dairy farmers, with participation from Accel Partners, Aditya Birla Ventures, Rockstart, Navus Ventures and Alteria Capital. Read More
Sequoia Leads ~USD14m Series A for India’s Prismforce
Sequoia India led a INR1b (~USD14m) Series A for Prismforce, an India-based B2B talent services platform. Read More
Temasek and Sofina Ventures Lead USD60m Series E for India’s DeHaat
Temasek and Sofina Ventures led a USD60m Series E for DeHaat, an India-based agricultural services platform for small farmers in India, with follow-on from Lightrock India, RTP Global and Prosus Ventures. Read More
China’s DJEL Raises ~USD139m from Green Pine Capital Partners, CoStone Capital and Others
DJEL, a China-based semiconductor equipment and software provider, raised CNY1b (~USD139m) from Green Pine Capital Partners, CoStone Capital, CGII Private Fund, Anxin Capital, XingCheng Capital and others. Read More
Impact46-Backed Jahez To Acquire Saudi Arabia’s The Chefz for ~USD173m
Jahez, a food delivery app backed by Impact46, agreed to acquire a 100% stake in The Chefz, a Saudi Arabia-based dessert delivery platform for SAR650m (~USD173m). Read More
Quona Capital and FinTech Collective Lead USD3m Seed Round for Nigeria’s Orda
Quona Capital and FinTech Collective led a USD3m seed round for Orda, a Nigeria-based provider of software solutions for small and medium-sized restaurants, with participation from Outside VC and Far Out Ventures, and follow-on from LoftyInc Capital, Enza Capital and Norrsken Foundation. Read More