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Chiratae Invests Undisclosed Amount in Indian Traveltech Rodeo Travel Technologies
India-focused VC Chiratae Ventures has invested an undisclosed amount in India-based traveltech Rodeo Travel Technologies’ online ticket booking services app Railofy. Read More
TLcom Invests USD1m Pre-Seed Round for Nigerian Fintech Okra
Telecom, media, and technology-focused venture capital fund manager TLcom Capital has invested USD1m in a pre-seed round for Nigeria-based fintech and API developer Okra. Read More
Surge, Partech Partners, and Global Founders Capital Invest USD5.5m in Singaporean Communication and Commerce Platform Tinvio
Sequoia Capital’s early-stage accelerator program Surge, Partech Partners, and Global Founders Capital have invested USD5.5m in Singapore-based communication and commerce solutions platform Tinvio. The fresh capital will support Tinvio’s expansion into Southeast Asia, Taiwan, and Australia. Read More
Temasek Leads USD8m Investment in Singaporean Plant-Based Meat and Seafood Producer Growthwell
Singaporean sovereign wealth fund Temasek led a USD8m funding round for Singaporean plant-based meat and seafood producer Growthwell, with participation from DSG Consumer Partners, Insignia Ventures, Genesis Ventures, Brandify, and Koh Boon Hwee. Read More
Icebreaker Fund II Reaches USD54m First Close
Finland-based VC Icebreaker.vc has reached a EUR50m (approximately USD54m) first close for its second fund targeting early stage tech companies in Finland, Sweden, and Estonia. Investors in the fund include Finland´s state-owned investment company Tesi, KRR III, Varma Mutual Pension Insurance Company, and Elo Mutual Pension Insurance Company. Read More
GLP and G7 Lead USD100m Series A for Chinese Self-Driving Truck Startup Inceptio Technology
Hillhouse Capital- and Hopu Investment Management-backed global real estate and private equity fund manager GLP, China-based IoT company G7, and others have invested USD100m in Chinese self-driving truck startup Inceptio Technology. Read More
Advent International-Backed YDUQS Finalizes USD424m Acquisition of Brazilian Workforce Solutions Provider Adtalem Educacional do Brasil
Advent International-backed Brazil-based educational group YDUQS has finalized the acquisition of Brazilian workforce solutions provider Adtalem Educacional do Brasil from its parent company, US-based Adtalem Global Education, for USD424m. Read More
KKR to Acquire Five Solar Energy Assets from SP Infra for USD204m
KKR has agreed to acquire five solar energy assets from India-based infrastructure developer Shapoorji Pallonji Infrastructure Capital for INR15.54b (approximately USD204m). The portfolio comprises assets with a capacity of 169MWp in Maharashtra and assets with a capacity of 148 MWp in Tamil Nadu. Read More
JAFCO Reaches USD67m Final Close for Debut Taiwan Venture Fund
Japanese VC JAFCO Asia has reached a final close for JAFCO Taiwan I Venture Capital with USD67m in commitments. Investors in the fund include the National Development Fund of Taiwan and other financial institutions. Read More
Faith Capital Participates in Secondary Share Offering for Dubai’s Online Gift Card Distribution Company YouGotaGift
Kuwait-based VC Faith Capital has announced its participation in the secondary share offering for Dubai-based e-gift card distribution company YouGotaGift. Read More
Old Mutual to Acquire South African Footwear and Apparel Distributor Crick
Old Mutual Private Equity, a division of South Africa-focused asset manager Old Mutual Alternative Investments, has received approval from the Competition Commission of South Africa to acquire footwear and apparel distributor Crick through Old Mutual Private Equity V. Read More
Sequoia Capital India and Sofina Invest USD20m Bridge Round for Indian Craft Beer Brand Bira 91
Sequoia Capital India and Belgium-based investment company Sofina have invested USD20m in a bridge round for Bira 91, a brand owned by India-based craft beer maker B9 Beverages. Read More