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Joy Capital Leads ~USD14m Angel Round for China’s Qidi
Joy Capital led a CNY100m (~USD14m) angel round for Qidi, a China-based tech enterprise that produces smart glasses, with participation from Matrix Partners and Meridian Capital. Read More
Salkantay Ventures Reaches USD26m Final Close for First VC Fund
Salkantay Ventures reached a USD26m final close for its first VC fund, Salkantay Exponential Fund (SXF) with undisclosed commitments from DGGF and Bancoldex, and follow-on from Capria, IDB Lab and FCEI. The fund will target seed and Series A rounds in up to 25 tech-based startups in Spanish-speaking Latin America. Read More
Affirma Capital Leads USD40m Round for India’s EPACK Durable
Affirma Capital led a USD40m round for EPACK Durable, an India-based manufacturer of air conditioners and other appliances. Read More
China’s Private Capital-backed Dingdang Health Raises ~USD51m in Hong Kong IPO
Dingdang Health, a China-based online pharmacy, raised HKD402m (~USD51m) through a Hong Kong IPO. The company is backed by investors including TPG, Orbimed Healthcare Fund Management, Softbank China Venture Capital and CMB International Capital Management. Read More
Baring Private Equity Asia Reaches USD11.2b Final Close for Fund VIII
Baring Private Equity Asia reached a USD11.2b final close for Fund VIII, which targets control investments in Asia-Pacific region across healthcare, technology services, business services, education, financial services, consumer and advanced manufacturing sectors. Read More
Nigeria’s Kippa Raises USD8.4m Seed Round from Goodwater Capital, TEN13 VC, Rocketship.vc, Others
Kippa, a Nigeria-based financial management platform for merchants, raised ~USD8m in seed funding from Goodwater Capital, TEN13 VC, Rocketship.vc, Saison Capital, Crestone VC, VentureSouq, Horizon Partners and Vibe Capital. Read More
Rukam Capital Leads USD3m Series A for India’s Beco
Rukam Capital led a USD3m Series A for Beco, an India-based startup that produces eco-friendly consumer goods, with participation from Priyavrata Mafatlal, Better Capital, Prashant Pittie and Titan Capital. Read More
Victory Park Capital Provides USD100m Senior Loan Facility to Mexico’s Nelo
Victory Park Capital provided a USD100m senior loan facility to Nelo, a Mexico-based BNPL platform for e-commerce merchants. Read More
Nordic VC Inventure Leads ~USD12m Round for Estonia’s Jobbatical
Nordic VC Inventure led a EUR11.6m (~USD12m) round for Jobbatical, an Estonia-based employment relocation and immigration platform , with participation from Union Square Ventures, Swiss Post Ventures, Karma VC, Metaplanet, Devotion Ventures and angels. Read More
South Africa’s Sanari Capital Reaches ~USD27m First Close for 3S Growth Fund
Sanari Capital reached a ZAR475m (~USD27m) first close for its private equity Sanari 3S Growth Fund, which will target growth-stage companies mainly from South Africa with regional and global scalability and exposure. Read More
Jordan’s liwwa Raises USD4.5m Pre-Series B Led by DASH Ventures FMO, Edgo and Bank al Etihad
liwwa, a Jordan-based peer-to-peer lending platform, raised a USD4.5m Pre-Series B led by DASH Ventures, FMO, Edgo and Bank al Etihad with participation from DEG. The company also raised an additional USD14m in debt financing also from Bank al Etihad as well as Capital Bank of Jordan, Jordan Kuwait Bank, Triodos Bank, Proparco and Triple Jump. Read More
EBRD Leads ~USD38m Round for Turkey’s Param Group
EBRD led a EUR38m (~USD38m) round for Param Group, a Turkey-based prepaid card issuer and credit platform for corporates, with participation from Ceecat Capital, Alpha Associates and Revo Capital. Read More