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Raed Ventures and Nclude Lead USD8m Seed Round for Egypt’s Grinta
Raed Ventures and Nclude led a USD8m seed round for Grinta, an Egypt-based pharmaceutical supply chain platform, with participation from Endeavor Catalyst and 500 Global. Read More
AIIM To Invest USD34m in Kenya’s Road Annuity Programme
African Infrastructure Investment Managers, through AIIF4, agreed to acquire a 74% stake in two lots of the Kenyan government’s Road Annuity Programme. Read More
H&Q Korea Leads USD37m Series C for South Korea’s Laundrygo
H&Q Korea led a USD37m Series C for South Korea-based laundry service Laundrygo, with participation from KB Securities, Hanwha Securities, Badgers Investment, Pebbles Investment and Musinsa, and follow-on from SoftBank, Altos Ventures and Aju IB. Read More
Vision Plus Capital Leads ~USD14m Series A for China’s Eagleyun
Vision Plus Capital led a ~CNY100m (~USD14m) Series A for Eagleyun, a China-based enterprise network security solutions provider, with participation from Sequoia China. Read More
Lightspeed China Partners Leads ~USD14m Series A for China’s DAISCH Intelligent Technology
Lightspeed China Partners led a ~CNY100m(~USD14m) Series A for DAISCH Intelligent Technology, a China-based navigation system developer for autonomous vehicles. Read More
Hikvision Leads ~USD14m Series A for China’s enovate3D
Hikvision led a CNY100m (~USD14m) Series A for enovate3D, a China-based 3D printing technology developer, with follow-on from Sequoia China and Walden International. Read More
Colombia’s Finkargo Secures USD75m Structured Credit Line from Community Investment Management
Finkargo, a Colombia-based import finance platform, secured a USD75m structured credit line from Community Investment Management. Read More
QED Investors Leads USD5m Pre-Series B for Indonesia’s Pashouses
QED Investors led a USD5m pre-Series B for Pashouses, an Indonesia-based real estate marketplace. This is QED’s first known investment in Southeast Asia. Read More
SoftBank Sells 4.5% Stake in India’s Paytm for ~USD200m
SoftBank sold a 4.5% stake in India-based payments app Paytm for INR16.3b (~USD200m) on the NSE. The sale follows the end of one-year mandatory lock-in for pre-IPO investors in Paytm. Read More
India’s Five Star Business Raises ~USD195m in IPO
Five Star Business Finance, an India-listed nonbank lender for SMEs, raised INR15.9b (~USD195m) in its IPO on the BSE and NSE. The offering included share sales by Sequoia India, Matrix Partners, Norwest Venture Partners and TPG. Read More
Helios To Acquire Morocco’s Maroc Datacenter
Helios Investment Partners agreed to acquire a majority stake in Morocco-based Maroc Datacenter. Helios recently announced an agreement to acquire Kenya-based IXAfrica Data Centre. Read More
Lightrock Leads USD33m Series B for India’s BeatO
Lightrock India led a USD33m Series B for BeatO, an India-based diabetes monitoring app, with participation from HealthQuad and Flipkart, and follow-on from Blume Ventures, Orios Venture Partners, Leo Capital, W Health Ventures and others. Read More