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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
Oui Capital Reaches ~USD11m First Close for Second Pan-Africa Seed-stage Venture Fund
Oui Capital reached a ~USD11m first close for its second fund Mentors Fund II. The vehicle focuses on pan-Africa pre-seed- and seed-stage startups and has a target of USD30m. Read More
Ashmore To Exit Electribus Bogotá To Colombia’s John Laing Group
John Laing Group agreed to acquire Electribus Bogotá, comprising two Colombia-based electric bus concessions, for an undisclosed amount, providing an exit for Ashmore Group through its fund Ashmore Andean Fund II. Electribus is an availability-based public-private partnership project. Read More
Augment Infrastructure and IFU Invest USD85m in Brazil’s Órigo Energia
Augment Infrastructure and the Danish Investment Fund for Developing Countries (IFU) agreed to invest USD85m in equity in Órigo Energia, a Brazil-based distributed generation solar energy company backed by TPG, ART-Circularis, MOV Investimentos and Mitsui. Read More
Actis To Acquire Controlling Stake in UAE’s Yellow Door Energy
Actis, through its USD6b Energy 5 Fund, agreed to acquire a controlling stake in Yellow Door Energy, a UAE-based commercial and industrial solar platform, for an undisclosed amount. The IFC led a USD65m investment in Yellow Door Energy in 2019 with participation from Equinor, Arab Petroleum Investments Corporation, Mitsui and Adenium Energy Capital. Read More