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XMLS Reaches USD85m Final Close for African Rivers Fund III
XSML reached a USD85m final close for African Rivers Fund III, exceeding its initial target of USD75m. The fund will provide debt, equity and mezzanine financing to fast-growing SMEs in Central Africa. Read More
Arkam Ventures Reaches USD106m Final Close for Early-Stage VC Fund
Arkam Ventures reached a USD106m final close for its early-stage VC fund targeting investments in financial services, healthcare, food and agriculture, education and logistics and horizontal digital infrastructure in India. Read More
BlackRock and Mubadala To Invest ~USD526m in India’s Tata Power Renewables
BlackRock and Mubadala agreed to invest ~USD526m in Tata Power Renewables, the renewable energy unit of India-based Tata Power Company, for a 10.53% stake. Read More
Costanoa Ventures Leads USD15m Series A for Nigeria’s Umba
Costanoa Ventures led a USD15m Series A for Umba, a US- and Nigeria-based digital bank focused on Africa, with participation from Lux Capital, Palm Drive Capital, Banana Capital,Streamlined Ventures, Lachy Groom and ACT Ventures. Read More
Almaz Capital Leads USD8m Series A for Poland’s Neptune.ai
Almaz Capital led a USD8m Series A for Neptune.ai, a Poland-based startup that helps companies manage model metadata, with follow-on from btov Partners, Rheingau Founders and TDJ Pitango. Read More
IDG Capital, Huafa Group, Others Invest ~USD251m Series A for China’s Guangdong Gaojing Solar Energy Technology
China-based solar energy technology company Guangdong Gaojing Solar Energy Technology raised a CNY1.6b (~USD251m) Series A from existing investors IDG Capital and Huafa Group, and new investors Guangdong Finance Fund Management, Shenzhen Investment Holdings and China Life Investment Management. Read More
Goldman Sachs Leads USD100m Series D for Brazil’s unico
Goldman Sachs Asset Management led a USD100m Series D for unico, a Brazil-based digital identity protection platform, at a reported ~USD2.6b valuation. Read More
Goldman Sachs Leads USD100m Series D for Brazilian Digital Identity Platform unico
Goldman SacGoldman Sachs Asset Management led a USD100m Series D for unico, a Brazil-based digital identity protection platform, at a reported ~USD2.6b valuation.. Read More
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