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Fortune Capital and Shenzhen Smart City Industrial Investment Private Equity Fund Management Leads ~USD14m Series C for China’s SandStone
Fortune Capital and Shenzhen Smart City Industrial Investment Private Equity Fund Management led an over CNY100m (~USD14m) Series C for SandStone, a China-based enterprise-level data storage service provider, with participation from Long Hua Capital and other investors. Read More
Temasek and L Catterton Lead USD60m Round for Indonesia’s Social Bella
Social Bella (formerly Sociolla), an Indonesia-based beauty marketplace and retailer, raised a USD60m round from existing investors Temasek, L Catterton, East Ventures, Jungle Ventures and others. Read More
Qatar Investment Authority Leads USD250m Round for India’s Byju’s
India-based edtech Byju’s raised USD250m from existing investors including QIA. Read More
ABC International Holdings and CCB Investment Management Leads ~USD278m Series B for China’s Hithium
ABC International Holdings and CCB Investment Management led a CNY2b (~USD278m) Series B for Hithium, a China-based maker of energy storage systems, with participation from Matrix Partners, Fenghe Capital, Dayone Capital, Torch VC, Xiamen Venture Capital, Jinfeng Investment and Chengtun Mining Group. Read more here and h Read More
EQT Acquires China’s BPEA to Become BPEA EQT
Sweden’s EQT completed the acquisition of Hong Kong-based Baring Private Equity Asia (BPEA). The merged private equity firm will operate under the name BPEA EQT. Read More
Citic Capital Leads ~USD14m Series A for China’s Veminsyn
Citic Capital led a CNY100m (~USD14m) Series A for China-based biotech Veminsyn, with participation from Yangzijiang International Tiyuchang Road Industrial Park. Read more here and h Read More
China’s Youhualin Raises ~USD14m Series C Led by V Fund, Broad Resources Investment Management, HNDY Capital and Hainan Rongya
Youhualin, a China-based intelligent solution service provider raised a CNY100m (~USD14m) Series C led by V Fund, Broad Resources Investment Management, HNDY Capital and Hainan Rongya, and follow-on from Hengxu Capital and 5Y Capital. Read More
Impact46 Leads USD50m Funding Round for Saudi Arabia’s Zid
Impact46 led a USD50m round for Zid, a Saudi Arabia-based e-commerce solution for retailers, with participation from Wa’ed Ventures and Endeavour Catalyst, and follow-on from Global Ventures, Elm Company, Arzan and MSA Capital. Read More
DFC and FIRA extend ~USD90m in Additional Credit Lines to Mexico’s VC-backed Covalto
Mexican fintech Covalto (formerly Credijusto) secured a MXN1.8b (~USD90m) credit line extension from Fideicomisos Instituidos en Relación con la Agricultura (FIRA), bringing the debt facility to a total of up to MXN3.8b (~USD189m). DFC also granted a USD10m unsecured loan to the startup. Read More
India’s Venture-backed Zoomcar To List on Nasdaq via SPAC Merger
India-based rideshare platform Zoomcar agreed to list on the Nasdaq through a SPAC merger with Innovative International Acquisition at a USD456m implied pro-forma enterprise value. Zoomcar is backed by Sony Innovation Fund, Mahindra & Mahindra and Ford Smart Mobility, as well as Cyber Carrier, Empire Angels, InnoVen Capital, Sequoia Capital India and Trifecta Capital. Innovative International Acquisition raised USD235m through… Read More
UAE’s VUZ Raises USD20m Series B from Caruso Ventures, Vision Ventures, Others
VUZ (formerly 360VUZ), a UAE-basedVR content platform, raised a USD20m Series B led by Caruso Ventures, Vision Ventures, e& capital, Dubai Future District Fund, SRMG and Webit Investment Network. Elbert Capital, Yasta Partners, Faith Capital and Panthera Capital participated with follow-on from seven additional investors. Read More
Estonia’s Sunly Raises ~USD200m
Sunly, an Estonia-based renewable energy provider, raised EUR200m (~USD200m) from Mirova and others. Read More