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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
Goldman Sachs Provides USD140m Asset-backed Loan for Chile’s Xepelin
Goldman Sachs provided a USD140m asset-backed loan for Xepelin, a Chile-based payments and lending platform for SMEs. KASZEK and Avenir Growth led a USD111m Series B in May, in the largest known Series B for a Chile-based startup at the time. Read More
Level2 Ventures Leads ~USD2.2m Investment in Poland’s DoxyChain
Level2ventures led a EUR2.2m (~USD2.2m) investment for DoxyChain, a Poland-based blockchain document management system, with participation from CV VC, Satus Starter and Müller Medien. Read More
China’s Shuhai Supply Chain Management Raises ~USD115m Series B Led by Bank of China Group Investment, China Agricultural Reclamation Industry Development Fund and China Resources
Shuhai Supply Chain Management, a China-based provider of supply chain logistics for restaurants, raised a CNY800m (~USD115m) Series B led by Bank of China Group Investment, China Agricultural Reclamation Industry Development Fund and China Resources, with follow-on from Legend Capital. Read More
Värde Partners To Provide ~USD150m in Debt Financing for India’s Reliance Power
Värde Partners agreed to provide INR12b (~USD150m) in debt financing to India-listed utility provider Reliance Power. Read More