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Brazil’s Liti Raises ~USD4.2m from monashees, Canary, Norte Ventures, Newtopia VC and others
Liti, a Brazil-based health monitoring platform focused on weight control, raised a ~USD4.2m round from monashees, Canary, Grão, Norte Ventures, Eclipseon, Newtopia and The Fund. Read More
Enlight Growth Partners and Fore Bright Capital Lead ~USD14m Pre-Series B for China’s Bailian.AI
Enlight Growth Partners and Fore Bright Capital led a CNY100m (~USD14m) pre-Series B for Bailian.AI, a China-based B2B marketing firm, with participation from DeTong Capital and follow-on from Orient Jiafu Asset Management and Yunqi Partners. Read More
Lightrock Leads USD27m Series B for Brazil’s Agrolend
Lightrock led a USD27m Series B for Agrolend, a Brazil-based unsecured lender to smallholder farmers, with participation from Yara Growth Ventures and Mago Capital, and follow-on from Valor Capital Group, SP Ventures and others. Read More
Quona Capital Reaches USD332m Final Close for Fund III
Quona Capital reached a USD332m final close for Quona Accion Inclusion Fund III, originally targeting USD250m. The fund will invest in early-stage startups advancing financial inclusion in Latin America, India, Southeast Asia, Africa and the Middle East. Quona Capital reached a USD200m final close for Fund II in 2020. Read More
BlueOrchard and OP Financial To Provide USD20m Debt for Africa Mobile Networks
Africa Mobile Networks, a UK-based telecom provider focused on rural Sub-Saharan Africa, agreed to raise USD20m in debt from BlueOrchard Sustainable Assets Fund and OP Finnfund Global Impact Fund I, a vehicle managed by OP Financial and anchored by Finnfund. Read More
Investcorp Leads ~USD67m Investment in India’s Global Dental Services
Investcorp led a INR5.45b (~USD67m) investment in Global Dental Services, an India-based dental clinic chain operator, with participation from Tybourne Capital Management, SeaLink Capital Partners and others. Read more here and h Read More
India’s Fusion MicroFinance Raises ~USD135m in IPO
Fusion MicroFinance, an India-based lender focused on women entrepreneurs, raised INR11b (~USD135m) in its IPO on the BSE and NSE. The offering included INR2.3b (~USD28m) in share sales by investors including Warburg Pincus, Creation Investments and GAWA Capital Partners. Read More
Matrix Partners and FreesFund Invest ~USD6m in Angel Round for China’s ChainGen Bio
Matrix Partners and FreesFund invested ~USD6m in an angel round for ChainGen Bio, a China-based antibody-drug conjugates (ADCs) developer. Read More
Glisco Partners Leads USD27m Series B for Colombia’s Muncher
Glisco Partners led a USD27m Series B for Muncher, a Colombia-based dark kitchen operator, with participation from FEMSA Ventures and TMT Investments. Read More
China’s XellSmart Raises ~USD28m Series A1 From Qiming Venture Partners and Others
XellSmart, a China-based developer of stem cell-based treatments, raised a ~CNY200m (~USD28m) Series A1 led by Qiming Venture Partners, Lilly Asia Ventures, FIG and CSSD, with follow-on from FreesFund, Sequoia China and Next Capital. Read more here and h Read More
China’s Atech Raises ~USD69m Series C From Xiaomi and Others
Atech Automotive, a China-based auto electronics maker, raised a ~CNY500m (~USD69m) Series C from Xiaomi, CICC Capital, PICC Capital, China Fortune-Innovation Capital and others. Read More
KKR To Invest USD400m in India’s Serentica Renewables
KKR agreed to invest USD400m in Serentica Renewables, an India-based clean energy provider serving large-scale, energy-intensive industrial customers. Read More