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Dayone Capital Leads Series D3 for China’s Nezha Auto
Dayone Capital led an undisclosed Series D3 for Nezha Auto, also known as Neta, a China-based electric car brand established in 2018 by Hozon Auto. Read More
BAI Capital, GGV and GIC Lead USD50m Round for Mexico’s Stori at USD1.2b Valuation
BAI Capital, GGV and GIC led a USD50m round for Stori, a Mexico-based credit card issuer for the underbanked, at a reported USD1.2 valuation, with follow-on from Lightspeed, General Catalyst, Vision Plus Capital, Goodwater Capital and Tresalia Capital. Stori also secured USD100m in debt financing. Stori raised a USD125m Series C led by GGV and GIC in November 2021 and… Read More
HealthQuad Leads USD20m Series B for India’s Wysa
HHealthQuad led a USD20m Series B for Wysa, an India-based AI-powered mental health support platform, with participation from BII. Read more here and here. Read More
Norfund and KLP Invest USD40m in Kenya’s CrossBoundary Energy
Norfund and KLP acquired an equity stake in CrossBoundary Energy, a Kenya-based commercial and industrial renewable energy company, for USD40m through their joint company KLP Norfund Investments. CrossBoundary previously raised USD40m in equity from ARCH Emerging Markets’ Africa Renewable Power Fund in 2020. Read More
Ascent Capital Reaches Final Close for Second East Africa Fund
AsAscent Capital reached a final close for Ascent Rift Valley Fund II. The vehicle, which reached a USD100m first close in May 2021, acquires large minority or majority stakes in Eastern Africa-based SMEs. Read More
Lightspeed Venture Partners Leads USD25m Series A for UK and Estonia’s Lightyear
Lightspeed Venture Partners led a USD25m Series A for Lightyear, a UK- and Estonia-based multi-currency investment app, with participation from Richard Branson’s Virgin Group and follow-on from Mosaic Ventures, Taavet+Sten, Metaplanet and angels. Read More
Axxon Group To Invest ~USD28m in Brazil’s Alper Seguros
Axxon Group agreed to invest BRL150m (~USD28m) in Alper Seguros, a Brazil-listed insurance company specializing in corporate risk, bringing its stake in the company to 8%. Read More
Temasek’s MacRitchie Investments Leads USD100m Series D for India’s OneCard
FPL Technologies, an India-based fintech that operates credit card brand OneCard, raised a USD100m+ Series D led by Temasek subsidiary MacRitchie Investments at a USD1.4m reported valuation, with participation from Sarv Investments and follow-on from QED, Sequoia India, Matrix India, and Hummingbird Ventures. Read More
The Rohatyn Group Acquires Bugaria’s Leader 96 from KJK Capital
The Rohatyn Group acquired Bulgaria-based electric bike maker Leader 96 from KJK Capital for an undisclosed amount. Read More
KKR Reaches USD2.1b Final Close for Asset-Based Finance Partners Fund
KKR reached a USD2.1b final close of its Asset-Based Finance Partners fund. The fund will target global private credit investments backed by large and diversified pools of financial and hard assets. Read More
Owl Ventures Leads USD50m Series C for Ukraine’s Preply
Owl Ventures led a USD50m Series C for Preply, a Ukraine-based language learning marketplace, with participation from Swisscom Ventures, Orbit Capital and Przemyslaw Gacek (Grupa Pracuj) and follow-on from Diligent Capital, Hoxton Ventures, Educapital and Evli Growth Partners. Read More
Financial Street Capital, Hopu Investment and HOPU-ARM Innovation Fund Lead ~USD149m Series C+ for China’s Iluvatar CoreX
Beijing Financial Street Capital, Hopu Investment and HOPU-ARM Innovation Fund, a joint venture fund launched by Hopu and semiconductor company Arm Holdings, led Series C extensions totalling CNY1b (~USD149m) for Iluvatar CoreX, a China-based semiconductor manufacturer. Read More