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Sanabil Investments Leads USD100m Series B for Saudi Arabia’s Tamara
Sanabil Investments led a USD100m Series B for Saudi Arabia-based BNPL platform Tamara, with participation from Coatue, Shorooq Partners and Endeavor Catalyst, and follow-on from Checkout.com. Read More
Africinvest Leads USD30m Pre-series B for Egypt’s ArabyAds
Africinvest, led a USD30m pre-series B for ArabyAds, an adtech platform founded in Egypt and headquartered in the UAE. Read More
XP Investments Acquires Brazil’s Campo de Marte and Jacarepagua Airports for ~USD27.3m
XP Investments through its Infra IV fund acquired airports located in Brazil’s Campo de Marte and Jacarepagua for BRL141.4m (~USD27.3m). Read More
Cherubic Ventures closes fifth fund at USD110m
US- and China-based VC Cherubic Ventures reached a USD110m final close of its fifth fund, which will invest across sectors and stages, with half of the capital reserved for late-stage and pre-IPO rounds. Read More
Lighthouse Exits India’s Kama Ayurveda to Puig for ~USD12.55m
Lighthouse exits India-based skincare and beauty platform Kama Ayurveda to Spain’s Puig for EUR12.5m (~USD12.55m). Read More
SoftBank-backed Socar Lists on Korea Exchange at a ~USD723m Valuation
SoftBank-backed Socar, a South Korea-based car sharing company, listed on the Korea Exchange at a KRW966.5b (~USD723m) valuation; no shareholders reportedly exited. Read More
GGV Capital Leads ~USD14.7m Series C+ for China’s Thinking Data
GGV Capital led a CNY100m (~USD14.7m) Series C+ for Thinking Data, a China-based game analytics platform. Read more here and h Read More
Algorand Leads USD22m Series A for Argentina’s Koibanx
Algorand led a USD22m Series A for Koibanx, an Argentina-based blockchain-based fintech offering cash management and investment services for SMEs, with participation from Kalonia Venture Partners, Innogen Capital, Borderless Capital and G2 Momentum Capital, and angels Diego Gutierrez Zaldivar (IOV Labs) and Silvio Micali (Algorand). G2 Momentum Capital invested in November 2020; Innogen Capital invested in October 2020. Read More
Timon Capital Leads USD15m Pre-series A for Nigeria’s Omnibiz
Timon Capital led a USD15m Pre-series A for Omnibiz, a Nigeria-based B2B e-commerce platform, with participation from Ventures Platform, LoftyInc, Chapel Hill Denham, Chandaria Capital and Musha Ventures. Read More
Atlantico, MAYA and Andreessen Horowitz Lead USD7.5m Seed Round for Restaurant Platform Fudo
Atlantico, MAYA Capital and Andreessen Horowitz led a USD7.5m seed round for Fudo, a Brazilian POS and restaurant management platform, with participation from Collaborative Fund, Goodwater and Latitud. Read More
Prosus Ventures Acquires 33.3% Stake in iFood for ~USD1.5b
Prosus Ventures acquired a 33.3% stake in Brazil-based last-mile delivery platform iFood from Just Eat for ~USD1.5b in cash and an additional USD300m earnout. Prosus first invested in iFood through Movile in 2013. Read More
Prosus To Acquire Additional 33.3% Stake in Brazil’s iFood from Just Eat for ~USD1.5b
Prosus agreed to acquire the remaining 33.3% stake in iFood, a Brazil-based online food ordering platform, from Just Eat for EUR1.5bn (~USD1.5b) in cash plus a contingent consideration of up to EUR300m (~USD304m). Following the transaction, Prosus and its affiliate Movile will have full ownership of iFood. Read More