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MFine Merges with LifeCell; Joint Entity LifeWell Raises USD80m from OrbiMed
OrbiMed led a USD80m round for LifeWell, a new brand resulting from the merger of India-based telemedicine platform MFine and India-based stem cell bank LifeCell International’s diagnostic business. In 2021, MFine raised a USD48m Series C round led by Moore Strategic Ventures and Beenext. Lifecell backers include OrbiMed Asia Partners IV, Helion Venture Partners and Brand Capital. Read More
Alpha JWC Ventures Leads USD35m Series A for Indonesia’s AgriAku
Alpha JWC Ventures led a USD35m Series A for AgriAku, an Indonesia-based B2B agtech platform, with participation from BRI Ventures, Mandiri Capital Indonesia, Gentree Fund, K3 Ventures, Thai Wah Public Company, Alto Partners, InnoVen Capital and follow-on from MDI Ventures, Go-Ventures and Mercy Corps Social Venture Funds. Read More
Ore Investment To Acquire 33.3% Stake in Brazil’s Companhia Brasileira de Lítio for ~USD40m
Ore Investment agreed to acquire a 33.3% stake in Companhia Brasileira de Lítio, a Brazil-based producer of lithium concentrates and compounds, for BRL208m (~USD40m) after winning an auctionconducted by Codemge, an investment division of the state of Minas Gerais. Read More
Swvl To Acquire Mexico’s VC-backed Urbvan for USD82m
SWVL agreed to acquire Urbvan Mobility, a Mexico-based shared mobility platform, for a reported USD82m as part of its Latin America expansion strategy. Investors in Urbvan include Angel Ventures, DILA Capital KASZEK, Liil Ventures and Anteris Capital. Swvl listed on the Nasdaq through a SPAC merger with Queen’s Gambit Growth Capital in April. Read more here and h Read More
Qiming Venture Partners Raises Combined ~USD3.2b for Latest USD and RMB Venture Funds
Qiming Venture Partners reached a USD2.5b final close for its USD Fund VIII and a CNY4.7b (~USD702m) first close for its RMB Fund VII. The vehicles target early- and growth-stage technology, consumer and healthcare startups in China. Read More
Ashmore To Exit Colombia’s Elecnorte Via Sale to Grupo Energía Bogotá
Ashmore Management Company agreed to fully exit its investment in Colombia-based electricity power company Elecnorte via a sale to Grupo Energía Bogotá (GEB) for an undisclosed amount. GEB’s assets include two transmission lines covering more than 130 km combined, three substations and their connection bays. Read More
Openspace Ventures and SOSV Lead USD5m Round for Indonesia’s Octopus
Openspace and SOSV led a USD5m round for Octopus, an Indonesia-based circular economy platform that allows producers to track and collect their post-consumer products, with participation from additional investors. Read More
Activant Leads USD30m Round for E-commerce Platform DEUNA
Activant Capital led a USD30m round for DEUNA, a US-based e-commerce checkout platform serving Latin American markets, with participation from Valor Capital Group, Upload Ventures, Abstract Ventures and Acrew Capital. DEUNA raised a USD7m seed round in October 2021. Read More
Andbank Leads USD50m Series F+ for Brazil’s Creditas
Andorra-based private bank Andbank led a USD50m Series F extension for Brazil-based fintech Creditas with the same reported USD4.8b valuation as the USD260m Series F led by Fidelity Management in January 2022. Read More
Tenacity Venture Capital Leads USD10m Round for Mexico’s Kapital
Tenacity Venture Capital led a USD10m seed round for Kapital, a Mexican financial management platform for SMEs, with participation from Telesoft, Broom Ventures, Pioneer Fund, Soma Capital, FoundersX, Arash Ferdowsi (Dropbox) and other angel investors. Kapital also secured USD20m in debt financing. Read More
CPP Investments Acquires 19.3% Stake in Colombia’s D1 for USD334m; Capital Group Exits
CPP Investments acquired a 19.3% stake in Colombia-based food retailer D1 for USD334m, providing an exit for Capital Group Private Markets. Read more here and h Read More
I&P To Invest in Senegal’s Delta SA
I&P, through its fund I&P Afrique Entrepreneurs 2, has agreed to an equity investment in DELTA SA, a Senegal-based sanitation and construction company, for an undisclosed amount. Read More