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Apis Partners To Exit South Africa’s Retail Capital to TymeBank
Apis Partners, through its fund Apis Growth Fund I, has agreed to exit its 11.7% stake in Retail Capital, a South Africa-based fintech that provides SME financing, to TymeBank, another Apis Partners portfolio company, for an undisclosed amount. Read More
Atalaya Capital Management and Partners for Growth Provide USD150m Credit Facility to UAE’s Tabby
Tabby, a UAE-based BNPL startup, secured a $150m credit facility from Atalaya Capital Management and existing lender Partners for Growth. The company raised a USD54m Series B extension in March led by Sequoia Capital and STV. Read More
Singularity Growth Opportunities and SWC Global Lead USD20m Series B for India’s WebEngage
Singularity Ventures, through its Growth Opportunities Fund, and SWC Global led a USD20m Series B for WebEngage, an India-based full-stack CRM platform, with participation from Unmaj Corporation, NB Ventures, Shashwat Nakrani (BharatPe) and Gopal Srinivasan (TVS Capital), and follow-on from India Quotient, Blume Ventures and Indian Angel Network’s IAN Fund. Read More
Sarmayacar and Shorooq Partners Lead USD11m Round for Pakistan’s OneLoad
Sarmayacar and Shorooq Partners led a USD11m round for OneLoad, a Pakistan-based logistics and fintech platform serving micro-retailers and run by EP Systems. The Bill and Melinda Gates Foundation invested in OneLoad in November 2021, and IFC invested in 2020. Read More
Monashees and Andreessen Horowitz Lead USD10m Seed Round for NG.CASH
Monashees and Andreessen Horowitz (a16z) led a USD10m seed round for NG.CASH, a Brazil-based digital money management platform targeting the Gen Z demographic, with participation from 17Sigma and Norte Ventures. Read More
Panlin Capital and Sany Foundation Lead USD40m Series E for China’s Suzhou Ribo Life Science
Suzhou Ribo Life Science, a China-based clinical-stage biotech with a focus on nucleic acid research,raised USD40m in the first tranche of a Series E led by Panlin Capital and Sany Foundation’s Trinity Innovation Fund, with participation from new investors. The startup raised a CNY673m (~USD95m) Series C in 2020 from China state-owned Capital Venture Investment Fund, Legend Capital, CICC Capital,… Read More
Atalaya Capital Management and Partners for Growth Provide USD150m Credit Facility to UAE’s Tabby
Tabby, a UAE-based BNPL startup, secured a $150m credit facility from Atalaya Capital Management and existing lender Partners for Growth. The company raised a USD54m Series B extension in March led by Sequoia Capital and STV. Read More
Yunfeng Capital and Gaorong Capital Lead USD200m Series B for Sironax
Yunfeng Capital and Gaorong Capital led a USD200m Series B for Sironax, a China-based clinical-stage biotech with a focus on the treatment of age-related degenerative disease, with participation from MSA Capital, a subsidiary of Abu Dhabi Investment Authority (ADIA), CBC Group, Long River Investments, LSV Capital, Superstring Capital and Future Innovation Fund, and follow-on from Temasek, Invus, F-Prime Capital, Eight… Read More
Saudi Arabia’s PIF Commits USD300m to OIIM’s and Equitix’s Rakiza Infrastructure Fund
Saudi Arabia’s sovereign wealth fund PIF committed USD300m to Rakiza Infrastructure Fund, a private infrastructure fund co-managed by Oman Infrastructure Investment Management (OIIM) and Equitix Investment Management with a focus on renewables, power and water, social infrastructure, telecommunications and transport and logistics assets in Oman and Saudi Arabia. The fund reached a USD410m first close in April 2020 and is… Read More
Qiming Venture Partners Leads USD22m Series A+ for China’s GluBio Therapeutics
Qiming Venture Partners led a USD22m Series A extension round for GluBio Therapeutics, a US- and China-based biotech focused on developing targeted protein degradation (TPD) drugs, with follow-on from Lilly Asia Ventures and Kaitai Capital. Read More
Insignia Venture Partners Reaches USD516m Final Close for Early-stage Venture Fund
Insignia Ventures Partners reached a USD516m final close for its third venture fund. The vehicle invests in early-stage Southeast Asian startups. Read More
Omnivore Exits India’s Eruvaka to Nutreco for a Reported USD40-50m
Omnivore Partners exited India-based agritech Eruvaka to Nutreco for a reported USD40-50m.Omnivore first invested in Eruvaka in its Series A in 2013, following on in its Series B in 2018. Nutreco has increased its stake in Eruvaka to 93.7% and plans to take full ownership in 2023. Read more here, here and h Read More