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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
Actis’ BluPine Energy To Acquire Solar Assets from India’s Atha Group for ~USD264m
Actis’ green energy platform BluPine Energy agreed to acquire the solar power assets of India-based Atha Group for an equity value of ~USD100m and a reported ~INR21b (~USD264m) enterprise value. Read More
Franklin Templeton Exits 13.6% Stake in Vietnam’s In Do Trans Logistics to Mitsubishi Logistics
Franklin Templeton exited its 13.63% stake in Vietnam-based logistics service provider In Do Trans Logistics to Mitsubishi Logistics for an undisclosed amount. Read more here and h Read More
Brazil’s ISA LAB Raises ~USD12m Round from FIR Capital, Vox Capital, Kortex, Others
ISA LAB, a Brazil-based healthtech for exams and vaccines at home, raised a BRL60m (~USD12m) round from FIR Capital, Vox Capital, Kortex, Sabin and Bradesco Saude,Yaya Capital, and Scale Up Ventures. Read More
PT Astra Digital Internasional Leads USD23m Series C for Indonesia’s Paxel
PT Astra Digital Internasional, the venture arm of Astra, led a USD23m Series C for Indonesia-based logistics platform Paxel with participation from Central Capital Ventura, MDI Ventures, SIG, EndeavorCatalyst, FJ Labs and PT Amsaka Investama Sejahtera. Read More