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Index Ventures Leads ~USD12m Series A for Estonia’s Montonio
Index Ventures led a ~USD12m Series A for Montonio, an Estonia-based finance platform for online merchants, with follow-on from Tera Ventures, ffVC and Superangel. Read More
Hahn & Co. Acquires South Korea’s My Chef for ~USD61m
Hahn & Co. acquired South Korea-based meal kit company My Chef for ~USD61m in a bolt-on acquisition. In 2020, Hahn & Co acquired an 80% stake in Korean Air Catering & Duty Free Services, the in-flight meal and duty-free sales businesses of Korean Air Lines, for ~USD724m. Read More
500 Global, Revo Capital, OYAK Investment, Others Invest USD3.5m Seed Round for Turkey’s ikas
ikas, a Turkey-based provider of e-commerce and e-export solutions to SMEs, raised a USD3.5m seed round from 500 Global, Revo Capital, OYAK Investment, Finberg and QNBEYOND Ventures. Read More
Lighthouse Leads USD65m Round for India’s Medikabazaar
Lighthouse, through its India Fund III, led a USD65m round in Medikabazaar, an India-based B2B online marketplace for medical supplies, with follow-on from Creaegis, Health Quad, Ackermans & van Haaren, British International Investment (formerly CDC Group) and KOIS Holdings. Lighthouse invested USD30m. Read More
Oria Capital To Raise USD100m for Fourth Fund
Oria Capital plans to raise USD100m for its fourth fund which will focus on digital transformation and B2B SaaS. Read More
Actis Acquires 50% Stake in UAE’s EMICOOL From Dubai Investments
Actis acquired a 50% stake in UAE-based district cooling services provider Emirates District Cooling Company (EMICOOL) from Dubai Investments at a reported USD1b valuation. Read More
FMO and BIX Capital Invest USD10m in C-Quest for Africa Clean Cooking Operations
BIX Capital and FMO agreed to provide a USD10m facility to C-Quest Capital to support its clean cooking activities in Sub-Saharan Africa. Read More
Hosen Capital Closes USD280m Single-asset Continuation Fund for Kilcoy
Hosen Capital closed a USD280m single-asset continuation fund for Kilcoy Global Foods, an Australia-based beef processing business with operations in China, South Korea and Japan, with commitments from Pantheon and Committed Advisors. Read More
FinTech Collective Leads USD20m Series A for Colombia’s Simetrik
FinTech Collective led a USD20m Series A for Simetrik, a Colombia-based B2B platform for automatic financial reconciliation, with participation from Tiger Global and Moore Strategic Ventures, and follow-on from Cometa and monashees. Read More
Actis Exits Kenya’s AutoXpress via Sale to AfricInvest
Actis sold its stake in AutoXpress, a Kenya-based importer, distributor and retailer of tires, auto parts and accessories serving the East African market, to AfricInvest for an undisclosed amount. Read More
Ribbit Capital, Lachy Groom and Bezos Expeditions Invest USD45m in Brazil’s Stark Bank
Stark Bank, a Brazil-based cash management platform and corporate card issuer, raised a USD45m round from Ribbit Capital, Lachy Groom and Bezos Expeditions. Read More
Alpha Wave Incubation Invests USD100m in India’s Lenskart
Alpha Wave Incubation (formerly Falcon Edge) invested USD100m in India-based eyewear retailer Lenskart. Read More