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Faering Capital Exits TranServ in Strategic Sale to Indiabulls Consumer Finance for USD10m
India-focused private equity fund manager Faering Capital has fully exited India-based digital payments company TranServ via a strategic sale to non-banking financial company Indiabulls Consumer Finance for INR761m (approximately USD10m). Read More
BaltCap Acquires Lithuanian Meat Processing Companies Krekenavos Agrofirma and Mesa LT
Baltics-focused private equity fund manager BaltCap has acquired two Lithuania-based meat processing companies, namely Krekenavos Agrofirma and Mesa LT, through BaltCap Private Equity Fund III (BPEF III). BPEF III financed the acquisition of Krekenavos Agrofirma through Mesa LT and became majority owner of the joint company. Krekenavos CEO Linas Grikšas purchased a minority interest in the business. Read More
ATM Capital Reaches USD100m Final Close for Debut Southeast Asia Fund
China-based VC ATM Capital has reached a USD100m final close for its debut Southeast Asia fund, which will invest in the logistics, retail, and financial technology sectors across Southeast Asia. Read More
The Carlyle Group Partially Exits Indian Diagnostic Company Metropolis Healthcare via Sale to Capital Group for USD99.1m
The Carlyle Group has sold 6.55m shares in India-based diagnostic company Metropolis Healthcare to SMALLCAP World Fund, managed by US-based investment firm Capital Group, for INR7.57b (approximately USD99.1m). Carlyle now holds a 1.25% stake in the company. Read More
Valor Capital and DNA Capital Co-Lead USD11m Series B for Brazilian Edtech Sanar
Valor Capital and DNA Capital led a USD11m series B in Brazilian health-focused edtech platform Sanar, with follow-on from e.bricks Ventures and Vox Capital. Read More
Openspace Ventures Leads USD5m Series A for Filipino Live Streaming App Kumu
Southeast Asia-focused venture capital fund manager Openspace Ventures led a USD5m series A for Philippines-based live streaming app Kumu, with participation from Kickstart Ventures, media conglomerate ABS-CBN, Gobi-Core Philippine Fund, and existing investors Summit Media and Foxmont Capital Partners. Read More
Adjuvant Capital Leads USD15m Series A for Nigerian Genomics Company 54gene
Adjuvant Capital, a health-focused investment firm backed by IFC and the Bill & Melinda Gates Foundation, led a USD15m Series A for Nigeria-based genomics company 54gene, with participation from Raba Capital, V8 Capital, and Ingressive Capital, and follow-on investments from Y Combinator, Better Ventures, Fifty Years, KdT Ventures, Aera VC, and Pioneer Fund. Read More
Lightspeed Venture Partners Reaches a Combined USD4b Close for Fund XIII, Select Fund IV, and Opportunity Fund
Lightspeed Venture Partners has announced the closings of three funds at USD4b in overall capital commitments. Specifically, Lightspeed Venture Partners XIII, Lightspeed Venture Partners Select IV, and Lightspeed Opportunity Fund received USD890m, USD1.83b, and USD1.5b respectively. Lightspeed Opportunity Fund targets ex-US startups. Previously, Lightspeed has made EM committments in China, India, CEE/CIS, and Southeast Asia. Read More
Triodos Bank, Quona Capital, EV Growth, and Saison Capital Invest USD20m in Indonesian Fintech KoinWorks
European lender Triodos Bank, Quona Capital, Japan-based financial services company Credit Saison’s venture arm Saison Capital, and EV Growth, a joint venture between Sinar Mas and East Ventures, have invested USD20m in equity and debt in Indonesia-based fintech KoinWorks. Triodos Bank provided debt, while the remaining investors provided equity. Read More
Ribbit Capital, Sequoia Capital India, SAIF Partners, and Amazon Invest USD15m in India’s Capital Float
Existing investors Ribbit Capital, Sequoia Capital India, SAIF Partners, and Amazon have invested an additional USD15m in India-based lending platform Capital Float. Read More
Tenaya Capital, Sequoia India, Mirae Asset Management, and Intudo Ventures Invest USD31m Series A for Indonesia’s Kargo
Tenaya Capital, Sequoia India, Mirae Asset Management, and Intudo Ventures have invested USD31m in Indonesia-based logistics startup Kargo. The startup, co-founded by veteran Uber Asia executive Tiger Fang, plans to establish a USD1m relief fund for truckers and partnerships with charitable organizations that are delivering meals and medical supplies to health care workers and patients to help fight COVID-19. Read… Read More
LGT Lightstone Leads USD18m Series D for Indian Logistics Startup Porter
LGT’s Lightstone Global Fund led a USD18m Series D for India-based logistics startup Porter. LGT Lightstone holds a 17.63% stake in the company. Read More