GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
Monk’s Hill Ventures Leads USD3.5m Pre-Series A for Singapore’s Starboard
Monk’s Hill Ventures led a USD3.5m pre-Series A for Starboard, a Singapore-based platform for founders to start and run their companies globally, with participation from Actium Partners, Iterative Capital and various angels. Read More
StepStone Group Leads USD20m Series A for Mexico’s Draftea
StepStone Group led a USD20m Series A for Draftea, a Mexico-based fantasy sports league platform, with follow-on from KASZEK, Sequoia, Bullpen and Courtside Ventures, and angels Cristiano Ronaldo, Travis Kelce (Kansas City Chiefs) and Kevin Durant (Brooklyn Nets). Draftea raised USD4m in April 2022; KASZEK led a USD13.2m round in January. Read More
Women’s World Banking Asset Management Leads ~USD21m Investment in India’s Bike Bazaar
Women’s World Banking Asset Management led a INR1.7b (~USD21m) investment in India-based motorbike financing platform Bike Bazaar, with participation from Light Travels, AMP Fitness and ECO power, and follow-on from Elevar Equity and Faering Capital. Read More
At One Ventures and Builders Leads USD3.7m Seed Round for Argentina’s Puna Bio
At One Ventures and Builders VC led a USD3.7m seed round for Puna Bio, an Argentina-based agricultural biotech, with participation from SP Ventures and Air Capital, and follow-on from IndieBio, GLOCAL and Grid Exponential. Read More
Sequoia Capital China Leads ~USD43.5m Series A for China’s BoomRay Pharmaceuticals
Sequoia Capital China led a CNY300m (~USD43.5m) Series A for BoomRay Pharmaceuticals, a China-based radioactive molecular imaging and nuclear drug transformation platform, with participation from River Head Capital, Tianfu Sanjiang Asset Management, Puhua Capital, CTS Capital, Shengmingyuan Venture Capital and Shenzhen Jincheng. Read more here and h Read More
Motilal Oswal Invests USD66m in India’s Simpolo Group
Motilal Oswal’s funds India Business Excellence Fund – IV, India SME Investments – Fund I and Motilal Oswal Finvest invested USD66m in India-based ceramics manufacturer Simpolo Group. Read More
China International Capital Corp. (CICC) Leads ~USD362m Series B for China’s Gokin Solar
China International Capital Corp (CICC) led a CNY2.5b (~USD362m) Series B for Gokin Solar, a China-based manufacturer of photovoltaic silicon wafers for solar energy, with participation from Walden International, Guangdong Technology Financial Group, Goldstone Investment, Haitong Kaiyuan Investment and Huamin Ruishi Private Equity Fund. Read more here and h Read More
SP Ventures Leads Round for Brazil’s Agroadvance
SP Ventures led an undisclosed round for Agroadvance, a Brazil-based, agriculture-focused education platform, with participation from Baraúna Investments and Fernando Reis (Gânica). Read More
Genesis Capital and Integral Venture Partners Acquire Czech Republic’s BORCAD
Genesis Capital, through Genesis Private Equity Fund IV, and Integral Venture Partners, through its Evolving Europe Principal Investments I fund, have acquired 100% of BORCAD, a Czech Republic-based producer of interior equipment for passenger trains, for an undisclosed amount. Read More
Nigeria’s Duplo Raises USD4.3m Seed Round from Liquid2 Ventures, Soma Capital, Tribe Capital, Commerce Ventures, Basecamp Fund and Y Combinator
Duplo, a Nigeria-based B2B payments platform, raised a USD4.3m seed round from Liquid2 Ventures, Soma Capital, Tribe Capital, Commerce Ventures, Basecamp Fund and Y Combinator with follow-on from Oui Capital. Read More
K1 Investments Leads USD25m Series B for Brazil’s Caju Beneficios
K1 Investments led a USD25m Series B for Caju Beneficios, a Brazil-based flexible benefits management platform, with follow-on from Valor Capital Group, Caravela Capital, Clocktower Ventures and FJ Labs. Read More
China’s EagleChip Raises ~USD41m in Angel Round From Matrix Partners, Redpoint China Ventures, Sequoia Capital, Others
EagleChip, a China-based designer of domestic high-end FPGA chips, raised CNY286m (~USD41m) in an angel round from Matrix Partners, Redpoint China Ventures, Sequoia Capital, CTC Capital and VLight Capital. Read more here and h Read More