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Singapore’s Quadria Capital Reaches USD595m Final Close for Second Healthcare-Focused Fund
Healthcare-focused private equity fund manager Quadria Capital has reached a final close for Quadria Capital Fund II with USD595m in commitments, surpassing its original target of USD400m. The fund will target South and Southeast Asia and investors include global asset managers, pension funds, sovereign wealth funds, insurance companies, healthcare corporations, and development finance institutions from the US, Europe, and Asia.… Read More
Rukam Capital Leads Undisclosed VC Funding Round in Indian Startup Sleepy Owl Coffee
VC Rukam Capital led an undisclosed round of funding for India-based startup Sleepy Owl Coffee, with participation from AngelList India and DSG Consumer Partners. Read More
Ibtikar Fund Leads Six-Figure Pre-Series A Investment for Palestine’s Receet
Middle East-focused venture capital firm Ibtikar Fund led a six-figure pre-Series A investment in Palestine-based digital receipt mobile app developer Receet with participation from Paltel Group. Read More
IFC, Partech, and Prime Ventures Invest USD9.6m in Fintech TerraPay Following Acquisition
A consortium of investors including the International Finance Corporation, Prime Ventures, and Partech Africa invested USD9.6m in mobile payment company TerraPay. The capital injection came after Prime Ventures, Partech Africa, and company management acquired TerraPay for an undisclosed amount. TerraPay was incubated by India’s Comviva and has operations in Africa, Asia, and Europe. Read More
CDC Group Appoints Amal-Lee Amin as Climate Change Director
CDC Group has announced the appointment of its first Climate Change Director, Amal-Lee Amin. The newly created position will see Dr. Amin play a pivotal role within CDC ahead of the company’s new climate change strategy launch, scheduled for later this year. Read More
Elev8.vc Reaches USD15m Final Close for Debut Fund
Southeast Asia-focused VC Elev8.vc has reached a USD15m final close for its debut fund. The vehicle will invest in early-stage startups with a focus on deep tech and B2B. Read More
Actis Acquires Controlling Stake in Nigeria’s Rack Centre
Actis has partnered with Nigerian conglomerate Jagal and acquired a majority stake in Nigeria-based data center Rack Centre. This investment is part of Actis’ plan to establish a USD250m pan-African data center platform. Read More
responsAbility Invests USD11.8m in Indian Non-Bank Finance Company Ess Kay Fincorp
Swiss impact fund manager responsAbility Investments has invested INR860m (approximately USD11.8m) in India-based SME-focused lender Ess Kay Fincorp. Existing shareholders also include Setia, TPG Growth, Norwest Venture Partners, Baring Private Equity India, and Evolvence India. Read More
Paragon Partners Leads USD30m Mixed Equity and Debt for India’s SMECorner
India-focused private equity firm Paragon Partners has led a USD30m round of mixed equity and debt for Indian SME-focused digital lending platform SMEcorner. Founder Samir Bhatia, and existing investors Quona Capital and Accion Venture Lab also participated. Read More
The Fundamentum Partnership Leads USD43.7m Series B for Indian Used Car Platform Spinny
India-based VC firm the Fundamentum Partnership led a USD43.7m Series B for Indian used car platform Spinny, with participation from existing investors Accel, SAIF Partners, and Alteria Capital. Read More
Liil Ventures Leads USD7.5m Series A for South African Mobility Startup WhereIsMyTransport
Mexico-based VC Liil Ventures led a USD7.5m Series A for South African mobility startup WhereIsMyTransport with participation from existing investors Global Innovation Fund and Goodwell Investments, as well as new investors Google, Nedbank, and Toyota Tsusho Corp. Read More
Verod-Backed Tangerine Life Acquires Majority Stake in LeapFrog-Backed ARM Life Insurance
Tangerine Life Insurance, a portfolio company of West Africa-focused private equity fund manager Verod Capital Management, has acquired a majority stake in LeapFrog Investments’ ARM Life Insurance. Both companies are based in Nigeria. Read More