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Temasek and Alibaba Lead USD40m Series A+ for China’s YAHAHA
Temasek and Alibaba led a USD40m Series A+ for YAHAHA, a China-based metaverse platform for game developers, with participation from 37 Interactive Entertainment. Read more here and h Read More
GSV Ventures Leads USD45m Series E for India’s Simplilearn
Simplilearn, an India-founded, US-based professional upskilling platform, raised a USD45m Series E led by GSV Ventures, with participation from Clal Insurance and DisruptAD. Blackstone acquired a controlling stake in 2021. Read More
Blackstone To Take India’s R Systems Private for ~USD359m
Blackstone agreed to acquire a 52% stake in India-listed IT services company R Systems from company management. The agreement triggered an offer to delist the company for a total transaction value of up to USD359m. Read More
UAE’s Silkhaus Raises USD7.8m Seed Round
Silkhaus, a UAE-based short-term property rental app, raised a USD7.8m seed round from Nuwa Capital, Nordstar, Global Founders Capital, Yuj Ventures, Whiteboard Capital, VentureSouq and others. Read More
EQI Raises ~USD9m for Brazil’s Forêt Fund
EQI reached a BRL50m (~USD9m) final close for Forêt Fund, a vehicle focused on acquiring protected land, generating environmental conservation certificates and selling them to local agribusinesses. Read More
Valar Ventures Leads USD20m Series A for UAE’s baraka
Valar Ventures led a USD20m Series A for baraka, a UAE-based stock trading app for retail investors, with participation from Knollwood. Read More
China’s Kasco Raises ~USD72m Series B Led by China Venture Capital, Source Code Capital and Shenzhen Capital Group
Kasco, a China-based air suspension system manufacturer for passenger vehicles, raised a CNY510m (~USD72m) Series B led by China Venture Capital, Source Code Capital and Shenzhen Capital Group, with participation from Yonghua Capital, Huoyan Capital, Shanshan Venture Capital and Dening Capital. Read More
Better Tomorrow Ventures and Metaprop Lead USD7.5m Round for Mexico’s Fintech Yave
Better Tomorrow Ventures and Metaprop led a USD7.5m round for Yave, a Mexico-based embedded mortgage lender, with participation from DILA Capital, Wollef, Goodwater Capital, Magma Partners, Activant, Moore Capital, Fintech Fund, Cross River Capital and Vinte. Read More
Temasek and Kaitai Capital Lead USD35m Pre-Series B2 for China’s Lupeng Pharmaceutical
Temasek and Kaitai Capital led a USD35m pre-Series B2 for Lupeng Pharmaceutical, a China-based clinical-stage drug developer for cancer treatment, with follow-on from Lilly Asia Ventures, Fontus Capital and Lake Bleu Capital. Read More
India’s Lentra Raises USD60m Series B Led by Bessemer Venture Partners and SIG
Lentra, an India-based embedded finance platform, raised a USD60m Series B led by Bessemer Venture Partners and SIG, with participation from Citi Ventures. Read More
Alcazar Energy Partners II Reaches USD337m First Close
Alcazar Energy Partners II, a fund focused on utility-scale renewable energy projects in emerging markets, reached a USD337m first close. The vehicle, which has a USD500m final target, received commitments from EBRD, EIB, Allianz Global Investors, IFC, AIIB, DEG, Proparco and FMO. Read More
Glenwood To Invest ~USD514m in South Korea’s Hanwha Advanced Materials
Glenwood Private Equity agreed to invest KRW680b (~USD514m) to acquire a minority stake in Hanwha Advanced Materials, a South Korea-based manufacturer of lightweight composite materials, from its South Korea-listed parent company Hanwha Solutions. Read More