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Tencent and Alchimia Lead USD6m Series A for Kenya’s Kukua
Tencent and Alchimia led a USD6m Series A for Kenya-based Kukua, a children’s educational entertainment company, with participation from Auxxo and follow-on from EchoVC Partners and Firstminute Capital. Read More
Ascend Vietnam Ventures Reaches USD50m Final Close for Early-stage Fund
Ascend Vietnam Ventures reached a USD50m final close for its debut fund AVV Alpha. The vehicle will invest in Vietnam-based early-stage startups with a focus on financial inclusion, education and future of work. Read More
SBI Investment and Trifecta Capital Lead USD70m Series B for India’s Arzooo
SBI Investment and Trifecta Capital led a USD70m Series B for Arzooo, an India-based e-commerce platform and supply chain network, with participation from Tony Xu (Doordash) and follow-on from Celesta Capital and 3 Lines VC. Read More
British International Investment, LeapFrog Investments, Asian Development Bank and Premji Invest invest USD112m in India’s Shubham Housing Development Finance Company
British International Investment, LeapFrog Investments, Asian Development Bank and Premji Invest invested USD112m in India-based home mortgage lender Shubham Housing Development Finance. Read More
Trustar Capital Leads USD15m Series B for China’s Shugao
Trustar Capital (CITIC Capital Partners) led a USD15m Series B for China-based food processor Shugao with follow-on by Oriental Jiafu Asset Management and Redpoint Ventures China. Read More
Carlyle Group invests ~USD15.8m in Czech Republic’s Memsource
Carlyle Group invested ~USD15.8m (EUR15m) in its own Memsource, a Czech Republic-based enterprise translation services company, which it purchased in July 2020. Read More
Patamar Capital and PT Astra Digital Internasional Lead USD15m Series A for Indonesia’s Mapan
Patamar Capital and PT Astra Digital Internasional led a USD15m Series A for Mapan, an Indonesia-based group purchasing platform for low-income customers, with participation from BRI Ventures, Sinar Mas Digital Ventures, Blibli, Prasetia Dwidharma, Flourish Ventures and 500 Global. Read More
IDC Ventures Leads USD30m Series B for Mexico’s UnDosTres
IDC Ventures led a USD30m Series B for UnDosTres, a Mexico-based integrated payments platform for prepaid phone plans and utility bills, with participation from Telegraph Hill Capital, AI8 Ventures and Benber LP, and follow-on from Dalus Capital and IGNIA Partners. Read More
Vantage Capital Invests ~USD105.7m in Maple Bear CEE Expansion
Vantage Capital invested ~USD105.7m (EUR100m) in Maple Bear, a Canada-based K-12 bilingual school franchise, for its CEE expansion. Read More
TLcom To Invest USD2m in FirstCheck Africa’s Debut Fund
TLcom agreed to invest USD2m in FirstCheck Africa’s USD10m debut fund. Read More
Goldman Sachs Asset Management Leads ~USD40m Series C for Brazil’s Conexa Saúde
Goldman Sachs Asset Management led a ~USD40m Series C for Conexa Saúde, a Brazil-based telemedicine marketplace, with follow-on from General Atlantic, Igah Ventures and Endeavor Scale-Up. Read More
Actis To Acquire 10% Stake in Brazil’s Omega Energia for ~USD162m (BRL850m)
Actis agreed to acquire a 10% stake in Brazil-based renewable energy company Omega Energia for up to ~USD162m (BRL850m). Read more here and h Read More