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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
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