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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
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