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Amethis, EBRD and SPE Capital Acquire Egypt’s GlobalCorp; Ezdehar Exits
Amethis, EBRD and SPE Capital acquired a majority stake in GlobalCorp, an Egypt-based non-banking financial services company, facilitating an exit for Ezdehar. Read More
SoftBank Ventures Asia, Vertex Growth, Bond Capital, Others Invest USD182m Series D for South Korea’s oHouse
South Korea-based home furnishing and remodeling platform oHouse raised a USD182m Series D from SoftBank Ventures Asia, BRV Capital Management, Vertex Growth, BOND, Korea Development Bank, IMM Investment and Mirae Asset Capital, among others. Read More
Sanlam To Manage EPPF South African SME Debt Fund
Sanlam Investments agreed to manage the South African SME Debt Fund, a vehicle launched by the Eskom Pension and Provident Fund (EPPF) targeting investments in South African SMEs. EPPF committed ZAR350m (~USD22m) to the fund while Sanlam made a co-investment of ZAR50m (~USD3m). Read More
PayPal Ventures, Kora Capital and Clay Point Lead USD50m Series B for Egypt’s Paymob
PayPal Ventures, Kora Capital and Clay Point led a USD50m Series B for Egypt-based fintech Paymob, with participation from Helios Digital Ventures, British International Investment and Nclude, and follow-on from A15, FMO and Global Ventures. Read More
IGNIA Reaches First Close for Second Early-Stage Fund
IGNIA Partners reached an undisclosed first close for IGNIA VC Fund II, its second early-stage fund with a USD150m target. Read More
Mekong Capital Leads USD30m Round for Vietnam’s Entobel
Mekong Capital led a USD30m round for Entobel, a Vietnam-based biotech producing insect-based ingredients from Black Soldier Flies for the animal feed, pet food and fertilizer industries, with participation from Dragon Capital. Mekong invested USD25m through its Mekong Enterprise Fund IV. Read More
BTG Pactual Acquires Controlling Stake in Brazil’s V.tal
Anatel, Brazil’s national telecommunications agency, authorized BTG Pactual’s acquisition of a controlling stake in Brazil-based fiber optic company V.tal from Brazil-based telecom operator Oi for BRL12.9b (~USD2.6b). Read More
Inspired Evolution and Schneider Electric Launch JV To Explore Energy-related Solutions in Africa
Inspired Evolution and Schneider Electric agreed to form a joint venture to explore Energy-as-a-Service solutions as well as energy efficiency, microgrid and decarbonization initiatives in Africa. Read More
LeapFrog Leads USD61m Round for India’s Redcliffe Lifetech
LeapFrog Investments led a USD61m round for India-based diagnostics platforms Redcliffe Lifetech, with participation from Healthquad, Schroders, LC Nueva and Growth Spark Ventures, and follow-on from Chiratae Ventures and Alkemi Venture Partners. Read More
DST Global Leads USD95m Series B for Indonesia’s Moladin
DST Global led a USD95m Series B for Indonesia-based used car marketplace Moladin, with participation from East Ventures, Northstar Group and Sequoia Capital India. Read More
Colombian Infrastructure Equity Fund Acquires Colombian Port Terminals
Colombia Infrastructure Equity Fund, a fund managed by Colombia Infrastructure Partners, acquired 32.1% of the Terminal de Contenedores de Buenaventura and 50% of the Terminal Logístico de Buenaventura, two port terminals in Colombia, for an undisclosed amount. Read More
Rali_cap Reaches USD20m First Close for Emerging Market Fintech Fund
Rali_cap (formerly Rally Cap Ventures) reached a USD20m first close for its debut fund. The vehicle has a USD30m target and will invest in B2B and API-first fintechs across Africa, Latin America and South Asia at pre-seed and seed stages. The fund expects to achieve a second close in June 2022. Read More