GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
QED Leads USD50m Funding Round for Nigeria’s TeamApt
QED Investors and Novastar Ventures led a ~USD50m round for Nigeria-based fintech TeamApt, with follow-on from Lightrock and BII. Read more here and h Read More
Evan Norton Group Leads USD26m Series C for Chile’s Levita Magnetics
Levita Magnetics, a Chilean magnetical robotic surgery platform, raised a USD26m Series C from a healthtech investment group managed by investor Evan Norton, with participation from MedTex Ventures, and follow-on from Invermaster and Carao Ventures. Invermaster led a USD1m round in July 2019. Read More
Balderton Capital Leads USD7m Seed Round for Turkey’s Agave Games
Balderton Capital led a USD7m seed round for Agave Games, a Turkey-based casual games developer, with participation from Felix Capital and 500 Global. Read More
Ghana-based Zeepay raises USD10m in debt financing from Verdant Capital
Zeepay, a Ghana-based cross-border payments company, raised USD10m in debt financing from Verdant Capital. Read more here, here and h Read More
KKR and Stonepeak To Acquire Philippines’ Globe Telecom Towers for Combined ~USD1.3b
Frontier Towers, the KKR-backed subsidiary of Pinnacle Tower, agreed to acquire 3,539 telecom towers for PHP45b (~USD809m) from Philippines-based telecom Globe. Stonepeak has also separately agreed to acquire 2,180 telecom towers and related passive infrastructure from Globe for PHP26.2b (~USD471m) through Miescor Infrastructure Development Corporation, a joint venture between Meralco Industrial Engineering Services and Stonepeak. Read more here and h Read More
Merak Capital Leads USD3m Seed Round for Egypt’s Convertedin
Merak Capital led a USD3m seed round for Convertedin, an Egypt-based advertising automation platform for e-commerce, with participation from 500 Global and MSAS. Read More
Knife Capital Leads USD10m Series A for South Africa’s DataProphet
Knife Capital led a USD10m Series A for DataProphet, a South Africa manufacturing optimization platform, with participation from IDC and Norican. Read more here and h Read More
Bertelsmann India Leads ~USD17.5m Series B for India’s SquadStack
Bertelsmann India led a USD17.5m Series B for SquadStack, an India-based sales talent platform for enterprises, with follow-on from Blume Ventures and Chiratae Ventures. Read More
China’s YOYI Tech Acquires Venture-backed Linkflow and Raises USD20m Series D+ from Samsung Venture Investment, TPG’s Xincheng Investment, Others
YOYI Tech, a China-based programmatic advertising platform, raised a USD20m round from Samsung Ventures, Xincheng Investment and Zhejiang Silk Road Industrial Investment Fund and others. Read more here, here and h Read More
Indonesia’s Jet Commerce Raises Over USD60m Series B Led by Jinqui Capital, Hidden Hill Capital and Zhejiang SilkRoad Fund
Jet Commerce, an Indonesia-founded and China-based e-commerce marketing platform, raised ~USD60m Series B led by Jinqui Capital, Hidden Hill Capital and Zhejiang SilkRoad Fund, with participation from Hui Capital and follow-on from ATM Capital. Read More
Aramco’s Prosperity7 Ventures Leads Series D+ for China’s Insilico Medicine; Series D Rounds Total USD95m
Prosperity7 Ventures, the diversified growth fund of Aramco, led a Series D extension for Insilico Medicine, a China-based clinical-stage AI drug company, bringing the total Series D funding to USD95m. Read more here and h Read More
CDPQ Leads USD105m Series D for India’s CleverTap
CDPQ led a USD105m Series D for CleverTap, an India-founded and US-based customer engagement platform, with participation from IIFL AMC’s Tech Fund and follow-on from Tiger Global and Sequoia India. CDPQ committed USD75m. Read More