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Lightspeed Ventures Leads USD10m Series A for Indonesia’s Chilibeli
Global venture capital fund manager Lightspeed Venture Partners led a USD10m Series A for Indonesian community-based social commerce startup Chilibeli, with participation from Golden Gate Ventures, Sequoia’s Surge accelerator program, Kinesys Group, and Alto Partners. Read More
BRV Capital Management, Base Investment-S2 Partners, Mirae Asset Venture Investment, and Others Invest USD45m in South Korea’s Bungaejangter
BRV Capital Management, Base Investment-S2 Partners, Mirae Asset Venture Investment, Mirae Asset Capital, and Timewise Investment have invested USD45m in South Korea-based online C2C marketplace Bungaejangter. Read More
ARM-Harith appoints Tariye Gbadegesin as CIO and Managing Director
ARM-Harith Infrastructure Investment has appointed Tariye Gbadegesin to Managing Director and Chief Investment Officer. Read More
Earlybird VC Leads USD3.2m Seed Round for Bulgaria’s Payhawk
Europe-focused VC firm Earlybird Venture Capital led a USD3.2m seed funding round for Bulgaria-based paperless expense management provider Payhawk, with participation from Eleven Ventures and existing angel investors. Read More
Earlybird VC Leads USD5m Investment in Turkish Proptech Apsiyon
Europe-focused VC firm Earlybird Venture Capital’s Digital East Fund led a USD5m investment in Turkey-based proptech Apsiyon with participation from angel investor Jak Baruh. Read More
Kedaara, Norwest, and Others Lead USD46m Series E for India’s Veritas Finance, Sarva Capital Exits
Kedaara Capital, Norwest Venture Partners, Lok Capital Growth Fund, and the family of Mr. P. Surendra Pai invested a INR3.5B (approximately USD46m) Series E for India-based non-banking finance company Veritas Finance. Sarva Capital exited via this transaction. Read More
Metier Invests in Hydropower Project in Kenya
Metier has signed a joint development agreement with Tembo Power to develop Kaptis Project, a river hydropower project in Kenya. Read More
LGT Lightstone Aspada Leads USD50m Series B for India’s Vivriti Capital
LGT Lightstone Aspada, the India-focused impact investment arm of LGT Lightstone, led a USD50m Series B for India-based online debt marketplace Vivriti Capital. Read More
Ninety One-Managed EAIF Signs Master Cooperation Agreement with IFC for Funding of African Infrastructure Project
The Emerging Africa Infrastructure Fund (EAIF), a joint public and private investment fund owned by the Private Infrastructure Development Group and managed by Ninety One (formerly Investec Asset Management), has signed a Master Cooperation Agreement (MCA) with the International Finance Corporation (IFC). The MCA will come into operation when the IFC is the mandated lead arranger of the debt package… Read More
AfricInvest Acquires Minority Stake in Rwanda’s I&M Bank
Pan-African private equity fund manager AfricInvest has acquired a minority stake in Rwanda’s I&M Bank through its AfricInvest Financial Inclusion Vehicle (FIVE). The fund invests in the financial services sector across Africa and is backed by African and international institutional investors including FMO, BIO, Norfund, KfW, AfDB, and IFU. Read More
Anchor Equity Partners Invests USD170m in South Korea’s Kakao M Corp
Korea-focused fund manager Anchor Equity Partners has invested USD170m in South Korea’s content and entertainment company Kakao M Corp for a 12.9% stake in the company. Read More
Credence Partners Reaches USD50m First Close for its Debut VC Fund
Southeast Asia-focused private equity firm Credence Partners has reached a USD50m first close for its debut VC fund. The vehicle, targeting USD100m, will invest in early-stage companies operating in financial technology, deep technology, consumer, logistics, and mobility. Read More