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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
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