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Keppel To Acquire 80% Stake in Singapore’s 800 Super for ~USD218m
Keppel Asia Infrastructure Fund and Keppel Infrastructure Holdings agreed to acquire a combined 80% stake in KKR-backed 800 Super, a Singapore-based waste disposal and recycling service, for SGD304m (~USD218m). Read More
Fundamentum Partnership Reaches USD227m Final Close for Second VC Fund
India-based VC firm Fundamentum Partnership reached a USD227m final close for its second fund focused on Series B and C investments in India. Read More
Qiming Venture Partners Leads ~USD67m Series A for China’s DeepWay
Qiming Venture Partners led a CNY460m (~USD67m) Series A for DeepWay, a China-based maker of EV trucks, with participation from Lenovo Capital, VLight Capital, CCB Trust, EDU Capital, Empowtech Capital, BOCOM International and Huagai Capital. Read more here and h Read More
Andreesen Horowitz Leads USD56m Series B for Estonia’s Ready Player Me
Andreesen Horowitz led a USD56m Series B for Ready Player Me, an Estonia-based developer of cross-game avatars for the metaverse, with participation from Endeavor, Collab Currency, Konvoy Ventures, and founders from Roblox, Twitch, King Games, Fractal and others. Read More
StepStone Group Completes USD80m Secondary Transaction for Brazil’s Valor Venture Fund II
StepStone Group invested USD80m in Valor Capital Group’s Valor Venture Fund II through a partial fund restructuring. The fund’s portfolio is reportedly valued at USD470m. Read More
BTG Pactual To Invest in Brazil’s Aliare and Gran Cursos Online
BTG Pactual agreed to invest in Brazil-based agtech Aliare and edtech Gran Cursos Online through its impacting investing fund. The investment commitments together represent 43% of corpus of the fund, which reached a BRL542m (~USD109m) final close in July 2021. Read More
B Capital Leads USD20.6m Series A for India’s Mojocare
B Capital led a USD20.6m Series A for Mojocare, an India-based sexual health platform, with follow-on from Chiratae Ventures, Sequoia India Surge and Better Capital. Read More
Alloy Capital Provides ~USD14m Debt Financing for Mexico’s Auronix
Alloy Capital provided a MXN290m (~USD14m) structured loan for Auronix, a Mexico-based CRM platform operating through instant messaging channels. Read More
Ezdehar Acquires 60% Stake in Egypt’s Zahran Market for ~USD14.28m
Ezdehar Management acquired a 60 percent stake in Egypt-based grocery retailer Zahran Market for EGP274m (~USD14.28m). Read more here and h Read More
Goodwater Capital, Dubai Future District Fund Rebel Fund, Trampoline Venture Partners and Zemu VC Leads USD3m Seed Round for UAE’s Zywa
Goodwater Capital, Dubai Future District Fund Rebel Fund, Trampoline Venture Partners and Zemu VC led a USD3m seed round for UAE-based startup Zywa, a teen-focused financial service platform. Read More
China’s Sunwoda Electric Vehicle Battery Company Raises ~USD884m Round from Broad Vision Funds, Shenzhen Capital Group, Source Code Capital and NGDF
Sunwoda Electric Vehicle Battery Company, a subsidiary of China-listed lithium-ion battery and energy services company Sunwoda, raised a CNY6b (~USD884m) round from Broad Vision Funds, Shenzhen Capital Group, Source Code Capital and NGDF, at a reported post-investment valuation of ~CNY30b (~USD4.4b). Read more here, here and here. Read More
China Merchants Health Leads ~USD76m Series B for China’s Porton Advanced Solutions
China Merchants Health led a CNY520m (~USD76m) Series B for Porton Advanced Solutions, a China-based contract development and manufacturing organization (CDMO) focused on gene and cell therapy services, with participation from China Merchants Securities, China Merchants Capital, Fosun Health Capital and SDIC Taikang Trust, and follow-on from CMG-SDIC Capital, HM Capital, Ruilian Investment, Momentum Venture and its parent company Porton… Read More