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Goldman Sachs To Provide Up to USD150m Debt Facility for Mexico’s Clara
Goldman Sachs agreed to provide up to USD150m for a debt facility for Clara, a Mexico-based startup offering corporate expense management for startups. Clara reached a USD1b valuation in 2021 with a USD70m Series B led by Coatue. Read More
SummitView Capital Leads Series C+ for China’s Black Sesame Technologies for USD500m Series C Total
SummitView Capital led a Series C extension for China-based self-driving auto chip manufacturer Black Sesame Technologies, for combined Series C rounds totaling more than USD500m. The round included participation from China’s Industrial Bank, GF Xinde Investment, Hina Group, Xin Ding Capital and others. Read more here and h Read More
Nykaa To Acquire India’s Venture-backed Little Black Book
India-based online fashion retailer Nykaa acquired Little Black Book (LBB), a lifestyle discovery platform that is also India-based, for an undisclosed amount in an all-cash deal. LBB announced a INR65m (~USD1m) pre-Series B with follow-on from Athera Venture Partners (formerly Inventus India), Indian Angel Network’s IAN Fund, Blume Ventures and Chiratae Ventures in February 2021. Read More
StepStone Reaches USD2.36b Close for Fifth Co-investment Fund
Stepstone Group reached a USD2.36b close for its Capital Partners Fund V. The vehicle will invest in buyout, growth equity, and recapitalization transactions across a diverse set of managers, geographies, industries, vintage years and sizes. Read More
Epigenic (Yijie Like) Raises ~USD15m in Angel and Pre-Series A Rounds from Morningside Ventures, Trinity Fund and Others
Epigenic (Yijie Like), a China-based biotech focusing on epigenetic regulation technology, raised more than CNY100m (~USD15m) in its angel and pre-Series A rounds from Morningside Ventures, Kingray Capital, Trinity Fund, TigerYeah Capital (Taiyu Capital) and FountainBridge Capital. Read more here and here. Read More
IDB and IDB Invest To Provide USD300m Credit for Peru’s ENGIE Energía Perú; IDB Invest To Provide ~USD74m Financing for Mexico’s Ruba
IDB and IDB Invest agreed to finance up to USD300m in credit for the construction of a Peru-based wind farm Punta Lomitas Wind Power Plant. Separately, IDB Invest agreed to MXN1.5b (~USD74m) in financing for Mexico-based housing developer Ruba, with a MXN500m (~USD25m) advance payment line for Ruba’s SME construction suppliers and MXN1b (~USD49m) in credit. Read more here and… Read More
Portage Leads USD6.5m Seed Round for Mexico’s Kontempo
Portage led a USD6.5m seed round for Kontempo, a Mexico-based startup B2B BNPL startup, with participation from SCOR, P&C Ventures, IGNIA Partners, Tectonic Ventures, Rhombuz VC and Asymmetric Capital Partners. The company also raised a USD25m debt facility from Upper90. Read More
RRJ Capital Invests ~USD101 To Acquire Singapore’s Fullerton Health
RRJ Capital invested SGD140m (~USD101m) in new equity to merge Fullerton Healthcare Corporation with Fullerton Health, a Singapore-based pan-Asian healthcare provider. The company has also secured a SGD250m (~USD181m) senior loan facility from three banks to facilitate the merger. RRJ Capital’s existing perpetual securities and convertible preference shares have been canceled and offset by SGD180m in new shares issued by… Read More
Flashpoint Venture Capital Reaches USD102m Close for Early-stage VCIII Fund
Flashpoint Venture Capital reached a USD102m final close for its VCIII Fund surpassing its USD100m target. The vehicle focuses on global Series A B2B software companies with founders from CEE and Israel. Széchenyi Funds agreed to invest USD20m in the fund, becoming Flashpoint’s first institutional limited partner. Read More
Gaorong Capital and CTS Capital Lead ~USD74m Series C for China’s Intellective Biologics
Gaorong Capital and CTS Capital led a more than CNY500m (~USD74m) Series C for Intellective Biologics (Zhixiang Bio), a China-based contract development and manufacturing organization that focuses on macromolecular biopharma process development, with follow-on from Fuho Capital, CNCB Investment Limited, Founder Securities, Win Harbor Capital and others. Read More
Riverwood Capital Leads USD35m Round for Argentina’s Geopagos
Riverwood Capital led a USD35m round for Geopagos, an Argentina-based digital infrastructure payment platform, with participation from Endeavor Catalyst. The round is the startup’s first major institutional funding since launch nine years ago. Read More
CRED Acquires India’s Venture-backed Smallcase for USD400m
India-based fintech CRED acquired Smallcase, an India-based wealth management platform backed by Blume Ventures, Sequoia Capital, Amazon and others, for ~USD400m. Smallcase raised USD140m at a reported USD6.4b valuation in June as part of its Series F round led by GIC. Read More