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AINDA Acquires 3.6% Stake in Mexico’s Hokchi Energy
AINDA Energía & Infraestructura acquired a 3.6% stake in Hokchi Energy, a Mexico-based offshore oil and gas subsidiary of PanAmerican Energy, for an undisclosed amount. Read More
Alpha Wave Ventures Invests ~USD44m Series C+ for India’s Fi
Alpha Wave Ventures invested INR3.55b (~USD44m) in a Series C extension for Fi, an India-based neobanking platform. B Capital Group led the company’s USD50m Series B in November 2021 at a reported USD315m valuation. Read More
Banco Votorantim Leads USD8m Pre-Series A for Brazil’s Darwin Seguros
Banco Votorantim led a USD8m pre-Series A for Darwin Seguros, a Brazil-based car insurance platform, with participation from HIX Capital and angel Guti Vidigal (Singulare) and follow-on from Invisto. Duxx Investments and Invisto invested ~USD2.2 in a seed round for the company in July 2021. Read More
Mirova SunFunder and TDB Lead USD50m Debt Round for Kenya’s d.light
Mirova SunFunder and TDB co-arranged a USD50m debt facility for d.light, a Kenya-based, pay-as-you-go solar platform, with participation from FMO. Read More
Navis Capital Partners Acquires Thailand’s S-Spine and Nerve Hospital, Launches Private Credit Platform
Navis Capital Partners acquired a majority equity stake in S-Spine and Nerve Hospital, a Thailand-based spine and nerve specialty hospital owned by N.P. Medical and Antnest Holding, for an undisclosed amount. Navis has also launched Navis Asia Credit, an investment platform focused on secured credit investments in companies seeking expansion capital for M&A, organic expansion or an ownership transition. Read… Read More
Tiger Global Leads USD15m Series A for Colombia’s treble.ai
Tiger Global led a USD15m Series A for treble.ai, a Colombia-based CRM for SMEs running on WhatsApp, with participation from Twilio Ventures, FundersClub and angel Gokul Rajaram (Coinbase). Magma Partners invested in 2020; MAYA Capital and YC invested in 2019. Read More
Creandum Leads USD18.6m Series A for Czech Republic’s Better Stack
Creandum led a USD18.6m Series A for Better Stack, a Czech Republic-based software monitoring platform for developers, with participation from Susa Ventures, K5 Global, Credo Ventures and angels. Read More
Abris-backed GreenGroup Acquires Romania’s SIGAD
Abris Capital Partners acquired SIGAD, a Romania-based developer of environmental reporting software, through its portfolio company GreenGroup for an undisclosed amount. The acquisition launched GroupGroup’s circular innovations division. Read More
First Cheque Reaches ~USD5m Final Close for India-focused Venture Fund
First Cheque reached a INR380m (~USD5m) final close for its second India-focused pre-seed venture fund. The vehicle will invest in 50 startups with a focus on first-time founders. Read More
Temasek Holdings, TrueLight Capital, SoftBank and Prosperity7 Lead USD150m Series D for China’s JAKA Robotics
China-based industrial robot developer JAKA Robotics raised a USD150m Series D led by Temasek, TrueLight Capital, Softbank Vision Fund 2 and Prosperity7 Ventures, the USD1b growth fund of Aramco Ventures. Read More
Altos Ventures Leads ~USD226m Series G Bridge for Korea’s Viva Republica-Owned Toss
Altos Ventures led a KRW296b (~USD229m) Series G+ for South Korea-based Viva Republica, operator of the fintech app Toss, at a USD6.5b reported valuation, with participation from Kwangju Bank and Mirae Asset Securities, and follow-on from Daol Investment (formerly KTB Network), KDB Bank, Greyhound, Goodwater and others. In 2021, Viva Republica raised USD405m at a reported USD7.2b valuation. Read more… Read More
DP World’s Imperial Closes First Tranche of Three-Tranche Acquisition of Mozambique’s Private Equity-Backed J&J Group at USD300m Enterprise Value
DP World-owned Imperial completed the acquisition of a 51% stake in J&J Group, a Mozambique-based logistics company backed by Alterra Capital Partners and Ethos, at an enterprise value of USD300m. Imperial agreed to acquire 100% of J&J Group in 2021 and will acquire the remaining 49% stake through the second and third tranches of the deal. Read more. Read More