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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
TGVest Capital Leads USD70m Series B for Taiwan’s TXOne Networks
TGVest Capital led a USD70m Series B for TXOne Networks, a Taiwan-based cybersecurity platform for industrial loT, with participation from KAiA Capital, CDIB Capital Group, MediaTek and others, and follow-on from JAFCO Asia, Purestone Silks Investment Fund and others. Read More
Mexico’s Venture-backed Covalto To List on Nasdaq via SPAC Merger
Covalto, a Mexico-based digital and banking services platform formerly known as Credijusto, agreed to list on the Nasdaq through a SPAC merger with LIV Capital Acquisition Corp. II (LIVB). The fintech’s listing accompanies USD60m in financing, including USD30m in new financing from LIVB sponsor LIV Capital. Covalto is backed by Goldman Sachs, KASZEK, Argo Ventures, QED Investors and others, and… Read More
3TS Capital Invests in Romania’s evoMAGfor ~USD2m
3TS Capital, through its second Catalyst Romania fund, acquired a minority stake in evoMAG, a Romania-based e-commerce retailer, for EUR2m (~USD2m). Read More
Verdant Capital To Provide USD7m Debt for Uganda’s Watu Credit
Verdant Capital, through its Hybrid Fund, agreed to provide USD7m in subordinated debt to Watu Credit, a Uganda-based provider of two-wheeler financing for motorbike taxi drivers. Read More