GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
LGT Capital Partners Reaches USD550m Final Close for Debut Impact-focused PE Fund
LGT Capital Partners reached a USD550m final close for Crown Impact, its debut impact-focused private equity fund. The fund will focus on co-investments, as well as primary and secondary fund commitments, across three impact themes: climate, inclusive growth and healthcare. Read More
Alpha Wave Global Leads USD40m Series B for India’s FanClash
Alpha Wave Global led a USD40m Series B for India-based e-sports platform FanClash, with participation from Sequoia Capital India, Info Edge and Polygon. Read More
EBRD, CEECAT Capital, Alpha Associates and Revo Capital Invest in a ~USD200m First Round for Turkey’s Param
EBRD, CEECAT Capital, Alpha Associates and Revo Capital invested in a ~USD200m first round for Turkey-based fintech startup Param. Read more here and h Read More
Patria Acquires Brazil’s Avenida for ~USD59.3m
Patria acquired Brazil-based supermarket retailer Avenida for ~USD59.5m (BRL300m). Read More
India’s Shiprocket Acquires Pickrr for USD200m
India-based e-commerce shipping platform Shiprocket acquired Pickrr, an e-commerce platform for D2C brands and small retailers, for USD200m. Pickrr is backed by IIFL, Amicus Capital, Ananta Capital, Omidyar and Guild Capital. Read More
GGV Capital, Asia Investment Capital and Goldman Sachs Lead USD300m Series C for China’s MegaRobo
GGV Capital, Asia Investment Capital and Goldman Sachs led a USD300m Series C for MegaRobo, a China-based developer of life sciences robots, with follow-on from Sinovation Ventures, Pavilion Capital and Starr Capital. Read More
Multiply Ventures Reaches ~USD33.3m Final Close for Early-stage India VC Fund
Multiply Ventures reached a INR2.6b (~USD33.3m) final close for its first fund, which will make early-stage investments in fintech, edtech, retail and health in India. Read More
Launch Africa Ventures Reaches USD36.3m Final Close for Early-stage VC Fund
Launch Africa Ventures reached a USD36.3m final close for its first fund. The vehicle will invest in early-stage B2B and B2B2C startups across Africa. Read More
India’s UpGrad Raises USD225m From Educational Testing Service and Lupa Systems
UpGrad, an India-based edtech for higher education, raised a USD225m round at a USD2.25 reported valuation from investors including Educational Testing Service and James Murdoch’s Lupa Systems. Read More
BNDES To Invest ~USD495m in Funds Managed by Vinci, BTG Pactual, Kinea and Patria
BNDES will invest a combined ~USD495m (BRL2.5b) in Brazil-based infrastructure funds managed by Vinci Partners, BTG Pactual, Kinea and Patria. Read More
Alpha Wave Leads USD45m in Series C for India’s Chaayos
Alpha Wave Ventures led a USD45m Series C for India-based tea-focused café chain Chaayos at a reported USD225-250m valuation, with follow-on from Tiger Global, Elevation Capital and Think Investments. Read More
DFC To Invest USD30m in Omnivore’s Agritech & Climate Sustainability Fund
DFC has agreed to invest up to USD30m in Omnivore Agritech & Climate Sustainability Fund 3, a fund targeting investments in early-stage startups focused on agriculture, food, climate and the rural economy in India. The vehicle is managed by Omnivore and has a USD130m target. Read More