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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
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