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Anhui Transportation Zhaoshang Industry Investment Fund Leads ~USD291m Pre-IPO Round for China’s Fujian Deer Technology
Anhui Transportation Zhaoshang Industry Investment Fund led a CNY2.036b (~USD291m) pre-IPO round for Fujian Deer Technology, a China-based manufacturer of electronic wet chemicals for semiconductor production, with participation from Qingchuang Bole, TuringPE, Meiya Wutong and Zhidian Network Technology, and follow-on from Triniti Capital. Read More
Chromo Invest, Canary, Others Invest ~USD1.7m in Brazil’s Civi; Canary Leads USD1.1m in Pre-seed Round for Mexico’s Bendo
Chromo Invest led a BRL9m (~USD1.7m) round for Civi, a Brazil-based hyperlocal security news platform, with participation from Canary and angels David Velez (Nubank) and Guilherme Bonifácio (iFood). Separately, Canary led a USD1.1m pre-seed round for Bendo, a Mexico-based inventory and sales management platform for small merchants, with participation from Seedstars and Angel Hub. Read more here and h Read More
Temasek Leads ~USD55m Funding Round for India’s DotPe
Temasek led a INR4.4b (~USD55m) round for DotPe, an India-based commerce and payments platform for enterprises, with participation from Naya Global, MUFG Bank and PayU Fintech investments and follow-on from InfoEdge Ventures. Read More
Apollo Global Management Enters USD1.5b Financing Agreement with Brazil’s Embraer
Apollo Global Management, through its affiliate Apollo Funds, agreed to provide up to USD1.5b in financing to customers of Brazil-based aerospace manufacturer Embraer. In the first transaction under the agreement, Apollo entered into a sale and leaseback agreement with Canada-based Porter Airlines for six Embraer airplanes to be delivered in 2023. Read More
Brazil’s Patria-backed Lavoro To List on Nasdaq via SPAC Merger
Lavoro, a Brazil-based agricultural inputs retailer backed by Patria Investments, agreed to list on the Nasdaq through a SPAC merger with TPB Acquisition Corporation I, sponsored by investment holding company The Production Board (TPB), at an implied enterprise value of ~USD1.2b. The merger will include a USD180m contribution by the SPAC and an additional USD100m private placement with TPB. Read… Read More
AfricInvest and Novastar Ventures Lead USD10m Series A for Kenya’s Turaco
AfricInvest, through its Cathay AfricInvest Innovation Fund, and Novastar Ventures led a USD10m Series A for Turaco, a Kenya-based insurance and credit solutions platform, with participation from Enza Capital, Global Partnerships, Zephyr Acorn, Operator Stack, Asi Ventures and Push Ventures. Read More
Colombia’s RappiPay Secures USD11m Syndicated Credit Line from Bancolombia, Others
RappiPay, a Colombia-based payments platform joint venture between Rappi and Banco Davivienda, secured a USD11m syndicated credit line from Bancolombia, Banco de Bogotá, Davivienda and Itau. Read More
Dragon Ball Capital and Genbridge Capital Lead ~USD86m Series A for China’s Xueji Chaohuo
Dragon Ball Capital and Genbridge Capital led a CNY600m (~USD86m) Series A for Xueji Chaohuo, a China-based retailer of roasted seeds and nuts. Read More
Jeneration Capital Leads USD10m+ Series A for China’s Vesoft
Jeneration Capital led a USD10m+ Series A for Vesoft, a China-based open-source graph database developer, with follow-on from Matrix Partners, Red Dot Ventures and Source Code Capital. Read More
China Development Fund and Jiangsu Jiequan Lead ~USD196m Series B for China’s Horizon New Energy Technology
China Development Fund and Jiangsu Jiequan led a CNY1.37b (~USD196m) Series B for Horizon New Energy Technology, a China-based manufacturer of lithium-ion battery separators, at a reported USD1b valuation with participation from China Structural Reform Fund, GF Qianhe Investment, CoStone Capital, Industrial Securities and CCB Principal Asset Management, and follow-on from Changchai. Read more here and h Read More
Innova and EBRD Exit Romania’s EnergoBit to Founders
Innova Capital and the European Bank for Reconstruction and Development (EBRD) exited their 25% stake in EnergoBit, a Romania-based energy services company, to the company’s founders for an undisclosed amount. Read More
India’s Sahyadri Farms Raises ~USD39m Led by Incofin, Korys, FMO, Proparco
Sahyadri Farms, an India-based provider of end-to-end solutions to small farmers, raised a INR3.1b (~USD39m) round led by Incofin, Korys, FMO and Proparco. Read More