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500 Global Leads USD13.5m Pre-Series B for Malaysia’s StoreHub
500 Global led a USD13.5m pre-Series B for StoreHub, a Malaysia-based omnichannel marketing platform for restaurants and retailers, with follow-on from Vertex Ventures SEA, OSK Ventures International and others. Read More
China’s WeView Raises USD57m Led by Gaorong Capital, Green Pine Capital Partners, ZhenFund
WeView, a China-based developer of zinc-iron flow battery energy storage systems, raised a USD57m round led by Gaorong Capital, Green Pine Capital Partners and ZhenFund, with participation from Qunqing Juneng New Energy Technology and Beijing Evjade Asset Management Company. Read More
Globant Ventures invests ~USD1m in Uruguay’s Bunker DB
Globant Ventures invested ~USD1m in Bunker DB, a Uruguay-based communications and marketing automation platform for SMEs. Read More
Global Ventures, Wa’ed Ventures Lead USD10.5m Series A for Saudi Arabia’s Elevatus; Global Ventures Leads USD4.4m Seed Round for Nigeria’s Remedial Health
Global Ventures and Wa’ed Ventures led a USD10.5m Series A for Saudi Arabia-based human resources platform Elevatus with participation from otf Jasoor Ventures. Global Ventures also led a USD4.4m seed round for Remedial Health, a Nigeria-based healthtech platform for digital procurement and patient medication records, with participation from Tencent, Y Combinator, Cathexis Ventures, LightSpeed Venture Partners Scout Fund, Ventures Platform,… Read More
PTT Ventures Leads USD20m Round for Singapore’s Nutrition Technologies
PTT Ventures led a USD20m round for Nutrition Technologies, a Singapore-based biotech using black soldier flies to convert organic waste into proteins and oils, with participation from Sumitomo Corporation, ING Sustainable Investments and Mandala Capital, as well as follow-on from Openspace Ventures, SEEDs Capital and Hera Capital. Nutrition Technologies was featured in GPCA’s list of 31 Global Foodtechs to Watch.… Read More
HSBC, Goldman Sachs, Santander To Provide USD810m Debt for Mexico’s VC-Backed Kavak
HSBC agreed to provide USD675m in debt financing for Mexico-based used car platform Kavak, with Goldman Sachs and Santander providing USD135m in additional credit lines. Read More
Tower Capital Asia Reaches USD324m Final Close for Debut PE Fund
Tower Capital Asia reached a USD324m final close for its debut fund Tower Capital PE Fund I, with an additional USD55m in co-investment commitments. The fund will target the business services, consumer, education, healthcare and manufacturing sectors in Singapore and the rest of Southeast Asia. The fund has deployed about 40% of its capital into three investments so far: Boardroom… Read More
KKR and Hero Group To Invest USD450m in India’s Hero Future Energies
KKR and India-based motorcycle manufacturer Hero Group agreed to invest USD450m in Hero Future Energies, Hero Group’s renewable energy arm that operates wind and solar projects. Read More
Astella Leads ~USD7.6m Series A for Brazil’s Amicci
Astella Investimentos led a BRL40m (~USD7.6m) Series A for Amicci, a Brazil-based private level developer for retailers focused on consumer products, with participation from DGF Investimentos and Endeavor Scale-Up Ventures. Read More
BTG Pactual To Acquire Brazil’s UPI Itiquira for ~USD28m
BTG Pactual agreed to acquire UPI Itiquira, a Brazil-based logistics terminal serving the agricultural sector, for BRL146.7m (~USD28m). Read More
Polychain Capital Leads USD40m Series B for Nigeria’s Yellow Card
Polychain Capital led a USD40m Series B for Yellow Card, a Nigeria-based cryptocurrency exchange platform, with participation from Valar Ventures, Third Prime Ventures, Sozo Ventures, Castle Island Ventures, Fabric Ventures, DG Daiwa Ventures, The Raba Partnership and others. Read More
Creaegis Leads USD75m Series C for India’s Zopper
Creaegis led a USD75m Series C for Zopper, an India-based API platform for insurance infrastructure, with participation from ICICI Venture and Bessemer Venture partners and follow-on from Blume Ventures. Read More