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SoftBank to Lead USD125m Series B for Mexico’s AlphaCredit
A group of investors led by SoftBank’s Latin America Fund will invest USD125m Series B in Mexico-based fintech AlphaCredit. Undisclosed international VC funds along with a group of existing investors are joining SoftBank in the round. Read more» Read More
Barn Investimentos Leads USD1.5m Investment in Biopharma Startup Avicanna
Barn Investimentos led a USD1.5m investment in Avicanna, a Colombian-Canadian biopharma startup developing sustainable plant-derived cannabinoid-based products. Read more» Read More
Asian Payments Company Pine Labs Secures Investment From Mastercard
Asian payment solutions provider Pine Labs secured an undisclosed investment from global payments technology giant Mastercard as part of a USD300m financing round. Previous investors include Sequoia Capital, Temasek, PayPal, and Actis. Read more» Read More
Olympus Capital Asia Invests in Southeast Asia’s Constant Energy
Olympus Capital Asia made an undisclosed investment in Constant Energy, a Thailand-based renewable electricity generation and storage company. The capital will be used to target the commercial and industrial (C&I) renewable and storage market in Southeast Asia. Read more» Read More
IFC Provides USD24m in Financing to Morocco’s Zalar Agri
IFC has announced USD24m in financing to Moroccan fruit producer Zalar Agri as part of an effort to create jobs and spur export-led economic growth in rural Morocco. Read more» Read More
Asia Partners Reaches Second Close of Debut Fund at USD118m
Singapore-based private equity firm Asia Partners completed a second close of its debut fund, Asia Partners I LP, at USD118m. The fund is looking to make investments starting at USD20m in post Series B rounds for Southeast Asian tech startups. Read more» Read More
Bangalore Mobility Startup Bounce Raises USD105m Series D Led by B Capital, Accel
Existing investors B Capital Group (run by Facebook founder Eduardo Saverin) and Accel made a USD105m Series D in Bangalore-based bike- and scooter-rental startup Bounce. Read more» Read More
e.bricks Ventures Invests USD9.6m in Brazilian Startup Acceso Digital
Brazil-based VC e.bricks Ventures invested USD9.6m in Acceso Digital, a Brazilian startup providing electronic identity and facial recognition services. Read more» Read More
CDC Commits USD15m to TIDE Africa Fund
UK development finance institution CDC Group committed USD15m to TLcom’s TIDE Africa Fund, a sub-Saharan African-focused VC supporting early-stage high-growth startups. Read more» Read More
Ares Management Agrees to Acquire Majority Stake in Asia Fund Manager SSG Capital Management
Global alternative asset manager Ares Management agreed to acquire a majority stake in Asia-focused credit and special situations fund manager SSG Capital for an undisclosed amount. The deal is expected to close by the third quarter of 2020. Read more» Read More
Zomato Acquires Uber Eats India
Indian food app provider Zomato acquired Uber’s food delivery business in India in an all-stock transaction, giving Uber 9.99% ownership in Zomato. Read more» Read More
Five Elms Capital Invests USD30m in South African Sales Management App Skynamo
US-based VC firm Five Elms Capital invested a USD30m Series A in South African field sales management app Skynamo. Read more» Read More