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DFC Commits USD40m to Africa Funds
DFC has agreed to invest a combined USD40m to two Africa-focused funds, including USD25m to West Africa-focused PE fund Uhuru Growth Fund I and USD15m to women-led tech-focused vehicle Norrsken22 Africa Fund. Read More
Sequoia Reaches Combined USD2.85b Final Close for India and Southeast Asia Funds
Sequoia Capital reached a USD2b final close for its early-to-growth stage India fund and a USD850m final close for its debut Southeast Asia fund. Read More
Red Med Reaches ~USD30m First Close for Morocco PE Fund
Red Med Capital reached a MAD300m (~USD30m) first close for Columbus I. The PE fund, which has a MAD1.1b (~USD110m) target, will invest in Moroccan businesses whose capitalization has been affected by the pandemic. Read More
500 Istanbul Leads USD1m Seed Round for Turkey’s Refine
500 Istanbul led a USD1m seed round for Refine, a React-based web application development platform based in Turkey, with participation from Emre Baran (Cerbos) and Emre Burak Kabakcı (Rakam/Liveramp). Read More
Actis Acquires Indian Highway Toll Road Projects From Welspun Enterprises for USD775m
Actis acquired six India-based operating highway toll road projects from Welspun Enterprises Limited for USD775m. Read More
IndInfravit To Acquire Indian Road Projects From Brookfield Asset Management for USD1.2b
IndInfravit Trust, whose unit holders include CPP Investments, Allianz Capital Partners and OMERS Infrastructure, agreed to acquire five India-based operational road projects from Brookfield Asset Management in a deal valued at USD1.2b. Read More
AfricInvest and Proparco Lead USD8m Series A for Tunisia’s GoMyCode
AfricInvest, through its Cathay AfricInvest Innovation Fund, and Proparco led a USD8m Series A for Tunisia-based edtech GoMyCode, with participation from Wamda Capital. Read More
GIC Leads USD140m Series F for India’s CRED
GIC led a USD140m Series F for India-based fintech CRED at a reported USD6.4b valuation, with follow-on from Tiger Global, Sofina Ventures, Alpha Wave Ventures and Dragoneer. Read More
Paramark Ventures Leads USD33m Round for India’s Purplle
Paramark Ventures led a USD33m round for Purplle, an India-based e-commerce platform for beauty products, at a reported USD1.1b valuation, with follow-on from Premji Invest, Blume Ventures and Kedaara Capital. Read More
General Atlantic Leads USD70m Round for Mexico’s Klar
General Atlantic led a USD70m round for Klar, a Mexico-based personal finance management and lending platform, with participation from Endeavor Catalyst and Acrew Capital, and follow-on from Quona Capital Mouro Capital, Prosus Ventures and IFC. Read More
Polaris Partners Leads USD126m Series A for Singapore’s Tessa Therapeutics
Polaris Partners led a USD126m Series A for Tessa Therapeutics, a Singapore-based biotech developer for cancer treatments, with follow-on from Temasek, EDBI, Heliconia Capital and Heritas Capital. Read More
Sequoia Capital China Leads USD210m Series A for Singapore’s Envision Digital
Sequoia Capital China led a USD210m Series A for Envision Digital, a Singapore-based provider of AI and IoT software that helps drive the transition to net-zero, with participation from GIC. Read More