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Victory Park Capital and Industry Ventures Lead USD60m Equity and Debt Round for Mexico’s Mendel
Mendel, a Mexico-based corporate spend management platform, raised a USD60m equity and debt round led by Victory Park Capital and Industry Ventures, with follow-on from ALLVP, BetterTomorrow Ventures and Infinity Ventures. The round included USD50m in debt financing. Read More
BOND Leads USD150m Series B for Algeria’s Yassir
BOND led a USD150m Series B for Yassir, an Algeria-based super app focused on Francophone Africa, with participation from DN Capital, Dorsal Capital, Quiet Capital, Y Combinator, Spike Ventures (formerly Stanford Alumni Ventures) and others. Read More
Chengtong Mixed Ownership Reform Fund Leads ~USD206m Series D for China’s Welion
Chengtong Mixed Ownership Reform Fund led a CNY1.5b (~USD206m) Series D for Welion, a China-based solid-state lithium battery developer, with participation from CSC Financial, SDIC Chuangyi, China Merchants Capital, Hermitage Capital, DYEE Capital, Hidden Hill Capital and others. Read More
Chan Zuckerberg Initiative Leads Series C for Brazil’s Beep Saúde
CZI, the investment arm of the Chan Zuckerberg Initiative, led a Series C for Beep Saúde, a Brazil-based at-home laboratory test and home care platform, with follow-on from DNA Capital, Bradesco, Endeavor Brasil and angel David Vélez (Nubank). Valor Capital Group led a USD20m Series B in April 2021; DNA Capital invested ~USD1m in 2019. Read More
Indonesia’s Fishlog Raises USD3.5m Pre-Series A from Patamar Capital, BRI Ventures, Accel and Others
Fishlog, an Indonesia-based supply chain platform for fisheries, raised a USD3.5m pre-Series A from Patamar Capital, BRI Ventures, Accel, Insignia, Indogen and others. Read More
Mexico’s Quinio Raises USD40m in Equity and Debt Round
Northgate Capital led a USD40m equity and debt round for Quinio, a Mexico-based e-commerce aggregator, with participation from Alchimia Investments, and follow-on from DILA Capita, Cometa, AlleyCorp and Western Technology Investment. Cometa led a USD20m seed round in December 2021. Read More
GEF Capital Invests ~USD25m in India’s Electra EV
GEF Capital, through its South Asia Growth Fund II, invested ~USD25m for a minority stake in Electra EV, an India-based producer of powertrain parts for electric vehicles. Read More
Mexico’s Fintech Kapital Secures USD100m Debt Facility from Sivo
Kapital, a Mexico-based finance management platform for SMEs, secured a USD100m debt facility from US-based debt investor Sivo. Tenacity Venture Capital led a USD10m seed round in July 2022. Read More
Mediterrania Exits Tunisia’s GSRD
Mediterrania Capital Partners exited Tunisia-based private education company Groupe Scolaire René Descartes (GRSD), through a management buyout. Mediterrania first invested in GSRD in January 2018 through its second fund. Read More
Grúas M10 and CEMEX Ventures Leads USD2m Investment for Chile’s ObraLink
Grúas M10 and CEMEX Ventures led a USD2m round for ObraLink, a Chile-based construction monitoring platform, with participation from Carao Ventures and construction company Echeverría Izquierdo. Read More
Gulf Capital Sells 100% Stake in UAE’s Chef Middle East for USD100m
Gulf Capital exited its 100% stake in Chef Middle East, a UAE-based foodservice distribution business, to US-listed food distributor The Chef’s Warehouse, generating a 2.5x return. Gulf Capital acquired Chef Middle East in June 2013 through Gulf Equity Partners Fund II. Read More
Bain Capital Partially Exits India’s Axis Bank for ~USD180m
Bain Capital partially exited India-listed lender Axis Bank for INR14.9b (~USD180m), reducing its stake from 4.24% to 3%. Bain Capital invested INR68.5b (~USD1.b) in Axis Bank in November 2017. Read More