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The Carlyle Group Acquires Minority Stake in Anxin Apartment
Global alternative asset manager The Carlyle Group has acquired a minority stake in Anxin Apartment, a China-based corporate housing provider, through Carlyle Asia Growth Partners V and Carlyle Beijing Partners Fund II. Anxin provides employee housing services to service-sector corporations, operating more than 160 apartment complexes in 24 cities across China. The company intends to use the investment to expand… Read More
Verod Capital Achieves USD200 Million Final Close of Third Fund
West Africa-focused private equity firm Verod Capital Management has reached a final close with USD200 million in commitments for Verod Capital Growth Fund III. Investors in the fund include sovereign wealth funds, family offices, development finance institutions, asset managers, funds of funds, and foundations. The fund will invest in middle-market opportunities in anglophone West Africa across a variety of sectors.… Read More
CRE Venture Capital and Omidyar Network Lead USD20 Million Series A Round for Rensource
Africa-focused venture capital firm CRE Venture Capital and global impact investor Omidyar Network have led a USD20 million Series A investment in Nigeria-based renewable energy solutions provider Rensource Energy. Other participants in the round include Inspired Evolution Investment Management, Proparco, EDP Renewables, Investisseurs & Partenaires, Sin Capital, and Yuzura Honda. Rensource builds and operates solar-powered micro-utilities that primarily serve small… Read More
SEAF Invests in SOWIT
SEAF, a global SME-focused impact investor, has invested in France-based, Africa-focused agtech company SOWIT. Using data analytics to synthesize historical climate data and drone- and satellite-based monitoring of current crop conditions, the company provides advisory services to African farmers deploying precision agriculture techniques. This is the fourth investment SEAF has made through its SEAF Morocco Growth Fund, which reached a… Read More
Wamda and Global Ventures Lead USD3 Million Series A Round for Floranow
Middle East-focused venture capital firms Wamda Capital and Global Ventures have led a USD3 million Series A investment in Floranow, a UAE-based business-to-business online floral marketplace. Other investors in the round include Dash Ventures, Jabbar Internet Group, Sirocco Holdings, Adamtech Ventures, Zuaiter Holding Capital, HB Investments, and undisclosed angel investors. Founded in 2016, Floranow connects horticulturists based around the world… Read More
Wamda and Global Ventures Lead USD3 Million Series A Round for Floranow
Middle East-focused venture capital firms Wamda Capital and Global Ventures have led a USD3 million Series A investment in Floranow, a UAE-based business-to-business online floral marketplace. Other investors in the round include Dash Ventures, Jabbar Internet Group, Sirocco Holdings, Adamtech Ventures, Zuaiter Holding Capital, HB Investments, and undisclosed angel investors. Founded in 2016, Floranow connects horticulturists based around the world… Read More
Vickers Venture Partners Leads USD40 Million Investment in AWAK Technologies
AWAK Technologies, a Singapore-based medical technology company, has raised USD40 million in a financing round led by Vickers Venture Partners, a global venture capital firm. Additional investors include SEEDS Capital, the Southeast Asia-focused investment arm of Enterprise Singapore, and Advanced MedTech, a Singapore-based medical technology company. AWAK develops treatment devices for end-stage kidney disease. The company intends to use the… Read More
albo Secures USD19 Million in Series A Extension Round
Mexico-based digital bank albo has raised USD19 million in an extension to its Series A funding round led by Valar Ventures, a fintech-focused venture capital firm. albo initially raised USD7.4 million in Series A funding from Mountain Nazca, Omidyar Network, and Greyhound Capital in December 2018. The company plans to use the funds to expand its product offerings and invest… Read More
SSG Achieves USD2.7 Billion Final Close of Fifth Fund and Sidecar
SSG Capital Management, an Asia-focused private credit fund manager, has closed its fifth fund, SSG Capital Partners V, and a sidecar vehicle with USD2.7 billion in total commitments. Investors in the fund include Virginia Retirement System, which committed USD150 million in December 2018, and Pennsylvania Public School Employees’ Retirement System, which committed USD150 million to both the fund and the… Read More
m.Paani Secures USD5 Million in Series A Funding from AC Ventures-led Consortium
m.Paani Solutions, an India-based provider of retail digitization services, has received USD5.5 million in a Series A funding round led by AC Ventures, HenkelX Ventures, Candy Ventures, and angel investors Kevin Aluwi and Suvir Varma. Existing investors Chiratae Ventures and Blume Ventures also participated. m.Paani was founded in 2014 and provides a suite of products and services enabling local retailers… Read More
General Atlantic-Backed XP Raises USD2 Billion in IPO
Brazil-based financial services company XP has raised USD2 billion in its initial public offering (IPO) on Nasdaq. The offering consisted of approximately 42.5 million primary Class A shares and 30 million Class A shares sold by XP’s existing backers at a price of USD27 per share. Global private equity fund manager General Atlantic sold 9.4 million shares in the IPO,… Read More
Apis Partners Reaches USD563 Million Final Close for Second Fund
Apis Partners, an Africa- and Asia-focused private equity fund manager focused on financial services and fintech opportunities, has reached a final close for its second fund with USD563 million in capital commitments. Investors in the fund include global banks, funds of funds, pension funds, sovereign wealth funds, family offices, insurance companies such as Teachers Insurance and Annuity Association of America… Read More