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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
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