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Growtheum Capital Partners Reaches USD400m First Close for Debut Southeast Asia Fund
Growtheum Capital Partners, a PE firm established by former GIC executive Amit Kunal, reached a USD400m first close for its debut fund targeting minority growth investment in companies with exposure to discretionary consumption in Southeast Asia. The fund has a USD750m target. Read More
Openspace Ventures Reaches USD200m Close for Debut Growth Fund
Southeast Asia-focused Openspace Ventures closed its debut growth fund, OSV+, on target at USD200m. The fund primarily participates in follow-on rounds for existing portfolio companies, entering at the Series C and D stages. Read More
QED Investors and Aavishkaar Lead USD31m Round for India’s Financepeer
QED Investors and Aavishkaar Capital led a USD31m round for Financepeer, an India-based educational lender, with participation from Ardent Ventures, DMI Sparkle Fund, DMI, 9Unicorn, LC Nueva AIF and Maxar VC. Read More
Monk’s Hill Ventures Leads USD5m pre-Series A for Singapore’s Ordinary Folk
Monk’s Hill Ventures leads a USD5m pre-Series A for Singapore-based healthtech Ordinary Folk. Read More
A91 Partners and Alpha Wave Global Lead USD46.8m Series B for India’s VideoVerse
A91 Partners, Alpha Wave Global and Binny Bansal (Flipkart) led a USD46.8m Series B for India-based video editing SaaS platform VideoVerse (formerly Toch.ai), with participation from Stride Ventures, Innoven Capital and Pacific Western Bank. Read More
Prosus and Sanabil Lead USD170m Series C for Saudi Arabia’s Foodics
Prosus and Sanabil Investments led a USD170m Series C for Foodics, a Saudi Arabia-based payments platform for restaurants, with participation from Sequoia India and follow-on from STV and Endeavor Catalyst. Read More
Enterprise Investors-backed Studenac Acquires Croatia’s Kordun
Studenac, a Croatia-based retail chain backed by Enterprise Investors, acquired Crotian retail chain Kordun for an undisclosed amount. Read More
4DX ventures, Nuwa Capital and Shorooq Partners Lead USD4.5m Round for Egypt’s The Food Lab
4DX Ventures, Nuwa Capital and Shorooq Partners led a USD4.5m round for Egypt-based cloud kitchen platform The Food Lab. Read More
Nuveen Leads USD50m Series E for India’s Kinara Capital
Nuveen’s Global Impact Fund led a USD50m Series E for Kinara Capital, an India-based fintech providing loans to entrepreneurs, with participation from Triple Jump. Read More
Northstar Leads USD22m Series A for Indonesia’s Noice
Northstar led a USD22m Series A for Noice, an Indonesia-based audio content streaming platform, with follow-on from Alpha JWC Go-Ventures and Kinesys. Read More
Tiger Global Leads USD12m Seed Round for Zambia’s Union54
Tiger Global led a USD12m seed round for Zambia-based card issuer Union54, with participation from Vibe VC, Earl Grey Capital and Not Boring Capital. Read More
Steadview and Pantera Lead USD135m Series D for India’s CoinDCX
India-based crypto exchange CoinDCX raised a USD135m Series D led by Steadview and existing backer Pantera at a ~USD2.15b reported valuation. Coinbase Ventures, Kingsway, DraperDragon, Republic Capital and Kindred Ventures also participated. Read More