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Matrix Partners Leads USD10m Equity and Debt Round for India’s ZippMat
Matrix Partners led a USD10m equity and debt round for ZippMat, an India-based construction supply chain platform. Read More
Brazil’s Alothon Group-backed Unity is Acquired by Oncoclinicas Do Brazil Servicos Medicos for ~USD220m
Alothon Group’s Brazil-based oncology platform Unity was acquired by Brazil-listed Oncoclinicas Do Brazil Servicos Medicos for a reported BRL1.17b (~USD220m) in a cash and stock deal. Alothon Fund III first invested in Unity in August 2018, and the platform completed 12 acquisitions between 2018 and 2021. Read more here and h Read More
British International Investment Leads USD15m Series B for India’s Akshayakalpa Organic
British International Investment led a USD15m Series B for Akshayakalpa Organic, an India-based certified organic dairy enterprise, with participation from Rainmatter and Venture Dairy. Read More
Temasek, Boyu Capital and GGV Capital Lead USD110m Round for Animoca Brands
Temasek, Boyu Capital and GGV Capital led a USD110m round for Hong Kong-based metaverse gaming company Animoca Brands via convertible bonds, with follow-on from True Global Ventures and Mirae Asset Management. Read More
Affirma Capital Leads ~USD126m Round for Korea’s Carrot General Insurance
Affirma Capital led a KRW175b (~USD126m) round for South Korea-based digital insurance carrier Carrot General Insurance, with follow-on from Hanwha Group, Stic Investments and Altos Ventures. Read More
Sino Biopharmaceutical Leads USD20m Series A for China’s HanchorBio
Sino Biopharmaceutical led a USD20m Series A for HanchorBio, a China-based biotech company focused on immunotherapies, with participation from Yuexiu Industry Fund, Zero2IPO Group, Panacea Venture and YuanBio Venture Capital. Read More
DFC Commits USD100m Debt Financing for Mirova’s Gigaton Empowerment Fund
DFC committed USD100m in debt to Gigaton Empowerment Fund, managed by Mirova, the impact investment management unit of Natixis that recently acquired SunFunder. The fund has a USD500m target and will invest in clean energy companies and projects in Africa and Asia. Read More
Zayn Capital Leads USD2.5m Pre-seed Round for Pakistan’s SnappRetail
Zayn Capital’s BitRate Fund led a USD2.5m pre-seed round in SnappRetail, a Pakistan-based inventory management and payments platform for retailers, with participation from Century Oak Capital and Antler. Read More
East Ventures Leads USD26m Series A for Indonesia’s Gokomodo
East Ventures led a USD26m Series A for Gokomodo, an Indonesia-based agribusiness supply chain platform, with participation from SMDV, Eight Capital, K3 Ventures, Triputra, Waresix, Indogen Capital, Sahabat Group and Sampoerna Financial. Read More
Mexico’s Clip Secures USD50m Credit Facility from Morgan Stanley, JP Morgan, HSBC
Clip, a Mexico-based POS payments platform, secured a USD50m revolving credit facility from Morgan Stanley, JP Morgan and HSBC. SoftBank Latin America and Viking Global Investors led a USD250m round in June 2021 at a reported USD2b valuation; General Atlantic and SoftBank invested in 2019 at a USD400m valuation. Read More
Egypt’s Endure Capital Reaches USD50m First Close for Second Early-stage VC Fund
Egypt-based Endure Capital reached a USD50m first close for Endure 21, its second early-stage VC fund investing in early-stage startups across Africa. Investors include BII and Egypt’s MSME Development Agency (MSMEDA). Read More
Investcorp Leads USD100m Series C for Saudi Arabia’s TruKKer
Investcorp led a USD100m Series C for TruKKer, a UAE-based digital freight platform, with participation from Riyad Valley Capital, Reliance Group, and March Holding, and follow-on from Mubadala. Read More