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Maverick Capital Leads USD70m Series B for Hong Kong’s Coherent
Maverick Capital led a USD70m Series B for Coherent, a no-code SaaS firm founded in Hong Kong, with participation from GreatPoint Ventures and Owl Rock, and follow-on from Cathay Innovation and Franklin Templeton. Read More
VentureFriends Lead ~USD107m Round for Spotawheel
VentureFriends led a EUR100m (~USD107m) equity and debt round for Spotawheel, a Greece-based used car marketplace with operations in CEE, with participation from Adevinta Ventures, UNIQA Ventures, Rockaway Ventures, Velocity Partners, FJ Labs, Collective Spark, Endeavour Catalyst and others. The debt was provided by an unnamed UK-based credit fund alongside unnamed institutional investors. Read More
Greylock Leads USD55m Series B for Brazilian Wholesale Marketplace Inventa
Greylock led a USD55m Series B for Inventa, a Brazil-based marketplace connecting regional wholesalers with local retailers, with participation from monashees, NXTP, ONEVC, MAYA Capital, Andreessen Horowitz, Founders Fund, Tiger Global, Pear VC, Avenir Growth and A* Capital. Read More
KKR Launches Vietnam- and Taiwan-Focused Renewable Energy Platform
KKR launched Aster Renewable Energy, a Singapore-headquartered renewables platform to develop, build and operate solar, wind and energy storage projects in Taiwan and Vietnam. Read More
GA’s BeyondNetZero, M&G and Arch EM Invest USD260m Series D for Sun King; Apis partially Exits
Sun King (formerly Greenlight Planet), a provider of solar energy products for off-grid homes in Africa and Asia, raised a USD260m Series D led by General Atlantic’s BeyondNetZero, M&G Investments and Arch Emerging Markets Partners, facilitating a partial exit for Apis Partners. Read more here and h Read More
TPG Rise Climate Reaches USD7.3b Final Close
TPG reached a USD7.3b final close for its TPG Rise Climate fund targeting investments in climate solutions, including clean energy, enabling solutions, decarbonized transport, greening industrials and agriculture and natural solutions. Read More
Dragonfly Capital, Sequoia and Stellar Invest USD10m in Nigeria’s Afriex
Afriex, a Nigeria-based developer of a blockchain-based payments platform, raised USD10m from Dragonfly Capital, Sequoia Capital and Stellar. Read More
Connected Capital Leads USD40m Series A for Estonia’s Eurora Solutions
Connected Capital led a USD40m Series A for Eurora Solutions, an Estonia-based cross-border e-commerce compliance platform, with participation from Change Ventures and Equity United. Read More
Acumen and FMO Lead USD6.4m Pre-Series A for Ghana’s Farmerline
Acumen Resilient Agriculture Fund and FMO led a USD6.4m pre-Series A for Ghana-based agtech Farmerline, with participation from Greater Impact Foundation. The company also raised USD6.5m in debt from DEG, Rabobank, Ceniarth, Rippleworks, Mulago Foundation, Whole Planet Foundation, the Netri Foundation and Kiva. Read More
BluePeak Invests up to USD15m in Africure
BluePeak Private Capital agreed to invest up to USD15m in Africure, a pan-African manufacturer and distributor of pharmaceutical goods serving East and West Africa. Read More
Wa’ed and Savola Lead USD18.5m Round for Saudi Arabia’s Red Sea Farms
Wa’ed and The Savola Group led a USD18.5m round for Saudi Arabia-based agtech Red Sea Farms, with participation from KAUST Innovation Fund and OlsonUbben. Read More
CBC Leads Series B for Singapore’s RVAC
CBC Group led an undisclosed Series B for RVAC Medicines, a Singapore-based messenger RNA (mRNA) company, with participation from Temasek’s Pavilion Capital, EDBI and GS Holdings. The new round brings the company’s total funding raised to date to USD140m. Read More