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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
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