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MSPEA Acquires Majority Stake in Singapore-listed APAC Realty From Northstar for ~USD94.2m
Morgan Stanley Private Equity Asia (MSPEA) agreed to acquire a majority stake in APAC Realty, a Singapore-listed real estate services company in Asia, from Northstar Group for SGD129.5m (~USD94.2m). Read More
Venturi Partners Reaches USD175m Final Close for Consumer-focused Fund
Singapore-based Venturi Partners reached a USD175m final close for its debut fund targeting investments in consumer-focused businesses in India and Southeast Asia. Read More
General Atlantic Leads USD300m Series D for Biofourmis
General Atlantic led a USD300m Series D for Biofourmis, a US-based AI and digital therapeutics startup originally founded in Singapore, at a reported USD1b+ valuation, with participation from CVS Health and follow-on from existing investors. Read More
Vulcan Capital Leads USD65m Series B for Singapore’s BandLab
Vulcan Capital led a USD65m Series B for Singapore-based social music platform BandLab, with participation from Prosus Ventures, Caldecott Music Group and K3 Ventures. Read More
STV, COTU, Global Founders and VentureSouq Invest USD9.4m Seed Round for UAE’s Zenda
UAE-based fintech Zenda (formerly Nexopay) raised a USD9.4m seed round from STV, COTU Ventures, Global Founders Capital and VentureSouq. Read More
Credit Saison Invests USD80m Equity & Debt in Indonesia’s JULO
Indonesia-based digital lender JULO raised USD30m in equity and USD50m in debt from Credit Saison. Read More
Futuregrowth Leads USD5.3m Seed Round for South Africa’s Inseco
Futuregrowth Asset Management, through its Futuregrowth Development Equity Fund, led a USD5.3m seed round for South Africa-based foodtech Inseco, with participation from E4E Africa and Oak Drive Ventures. Read More
AfDB Commits (~USD10.6m) to Cathay AfricInvest Innovation Fund
The African Development Bank Group committed EUR9.8m (~USD10.6m) to Cathay AfricInvest Innovation Fund to support seed-to-growth stage investments in African startups. Read More
Early Game Ventures and RocaX Ventures Invest USD4m in Romania’s Bunnyshell
Early Game Ventures and RocaX Ventures invested USD4m in Bunnyshell, a Romania-based cloud infrastructure startup. Read More
Tofino Capital Reaches USD5m First Close for EM Fund
Tofino Capital reached a USD5m first close for its fund targeting early-stage startups in Africa, Asia, Latin America and the Middle East, with a focus on large markets that have minimal access to venture capital. The fund has a USD10m target. Read More
Global Emerging Markets Group Leads USD35m Round for UAE’s Millennial Brands
Global Emerging Markets Group leads USD35m round for UAE-based D2C platform Millennial Brands, with participation from Al Attiyah Group, Dash Ventures, Ishango Consulting and Rami Al Ali. Read More
Dream Capital Leads USD120m Series A for India’s Rario
Dream Capital, the VC arm of Indian fantasy sports platform Dream Sports, led a USD120m Series A for Rario, an India-based NFT platform for cricket, with participation from Alpha Wave Global and follow-on from Animoca Brands, Presight Capital and Kingsway Capital. Read More