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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
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