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Everstone Capital Acquires India’s Softgel Healthcare
Everstone Capital acquired a controlling stake in Softgel Healthcare, an India-based niche dosage manufacturer specializing in global nutraceutical, pharmaceutical and over the counter drugs, for an undisclosed amount at a reported USD125m valuation. Read more here and h Read More
KASZEK and Y Combinator Leads USD5m Investment for Mexico’s DolarApp
KASZEK and Y Combinator led a USD5m investment for DolarApp, a Mexico-based fintech that allows users to open a bank account converting Mexican pesos to dollar stablecoin USD Coin (USDc), with participation from a group of over 50 angel investors. Read More
Mexico’s Naya Homes Raises USD5.6m Seed Round From Carao Ventures, Clocktower Technology Ventures, Others
Naya Homes, a Mexico-based short-term and vacation rental platform, raised a USD5.6m seed round from Carao Ventures, Clocktower Technology Ventures, Flybridge Capital Partners, Primary Venture Partners, K50 Ventures and Derive Ventures. Read More
Singapore’a Fazz Raises USD100m Series C Led by Tiger Global, DST Investment, B Capital, Insignia Ventures Partners and ACE & Company
Fazz, a Singapore-based payments and credit platform for businesses, raised a USD100m Series C led by Tiger Global, DST Investment, B Capital Group, Insignia Ventures Partners and ACE & Company, with participation from llham Ltd, EDBI, InterVest, Michael Seibel (Y Combinator) and Hans Tung (GGV Capital). Read More
Almaz Capital Leads USD25m Series A for Bulgaria’s Alcatraz AI
Almaz Capital led a USD25m Series A for Alcatraz AI, a Bulgaria-based security solutions provider using facial recognition, with participation from EBRD, Endeavor Catalyst, Silverline Capital and Golden Seeds, and follow-on from JCI Ventures, Ray Stata and LDV Partners. Read More
China’s Worg Pharmaceuticals Raises ~USD58m Series B Led by Junson Capital, Lapam Capital, Kaitai Capital, Puhua Capital and Anji Ruixing Capital
Worg Pharmaceuticals, a China-based biopharmaceutical company developing allergy and autoimmune treatments, raised a CNY400m (~USD58m) Series B led by Junson Capital, Lapam Capital, Kaitai Capital, Puhua Capital and Anji Ruixing Capital. Read More
Warburg Pincus and Gávea Investimentos Partially Exit Brazil’s Grupo GPS for ~USD106m
Warburg Pincus and Gávea Investimentos partially exited Brazil-listed facilities company Grupo GPS for BRL546m (~USD106m). Warburg and Gavea maintain ~5% and ~1% stakes in the company, respectively. Read More
Matrix Partners, Pivot Ventures Exit India’s Testbook to Classplus
Matrix Partners and Pivot Ventures exited Testbook, an India-based edtech that provides government exam preparation, to Classplus for an undisclosed amount. Matrix will retain a 1.65% stake in Classplus. Read More
KKR Leads Investment in China’s Ruichen Pet Hospital
KKR led an investment in Ruichen Pet Hospital, a China-based veterinary hospital chain, with follow-on from Firstred Capital, for an undisclosed amount. Read More
GSV Ventures Leads USD2m Seed Round for Peru’s uDocz
GSV Ventures led a USD2m seed round for uDocz, a Peru-based collaborative education platform for university students, to share educational resources, with participation from Salkantay VC. Read More
Moore Capital Leads ~USD8m Series A+ for Brazil’s BHub
Moore Capital led a BRL40m (~USD8m) Series A+ for BHub, a Brazil-based accounting and financial management platform for SMEs, with participation from Endeavor Scale-Up Ventures, partners of DST, Monashees, Valor, Picus Capital, Norte and BFF Ventures. Read More
Monashees and Construct Capital Lead USD8.5m Round for Brazil’s Leoparda Electric
Construct Capital and monashees led a USD8.5m round for Leoparda Electric, a Brazil-based rechargeable battery network for electric motorbikes, with participation from Claure Capital, Auteco, K50 Ventures and Climate Capital. Read More