Paradigm led a USD30m Series A for Jambo, a startup building a Web 3 user acquisition platform in the Democratic Republic of Congo, with participation from ParaFi Capital, Pantera Capital, Delphi Ventures, Kingsway Capital and Gemini Frontier Fund. Read more… Read More
Amethis, EBRD and SPE Capital acquired a majority stake in GlobalCorp, an Egypt-based non-banking financial services company, facilitating an exit for Ezdehar. Read more… Read More
South Korea-based home furnishing and remodeling platform oHouse raised a USD182m Series D from SoftBank Ventures Asia, BRV Capital Management, Vertex Growth, BOND, Korea Development Bank, IMM Investment and Mirae Asset Capital, among others. Read more… Read More
Sanlam Investments agreed to manage the South African SME Debt Fund, a vehicle launched by the Eskom Pension and Provident Fund (EPPF) targeting investments in South African SMEs. EPPF committed ZAR350m (~USD22m) to the fund while Sanlam made a co-investment of ZAR50m (~USD3m). Read more… Read More
PayPal Ventures, Kora Capital and Clay Point led a USD50m Series B for Egypt-based fintech Paymob, with participation from Helios Digital Ventures, British International Investment and Nclude, and follow-on from A15, FMO and Global Ventures. Read more… Read More
IGNIA Partners reached an undisclosed first close for IGNIA VC Fund II, its second early-stage fund with a USD150m target. Read more… Read More
Mekong Capital led a USD30m round for Entobel, a Vietnam-based biotech producing insect-based ingredients from Black Soldier Flies for the animal feed, pet food and fertilizer industries, with participation from Dragon Capital. Mekong invested USD25m through its Mekong Enterprise Fund IV. Read more… Read More
Anatel, Brazil’s national telecommunications agency, authorized BTG Pactual’s acquisition of a controlling stake in Brazil-based fiber optic company V.tal from Brazil-based telecom operator Oi for BRL12.9b (~USD2.6b). Read more… Read More
Inspired Evolution and Schneider Electric agreed to form a joint venture to explore Energy-as-a-Service solutions as well as energy efficiency, microgrid and decarbonization initiatives in Africa. Read more… Read More
LeapFrog Investments led a USD61m round for India-based diagnostics platforms Redcliffe Lifetech, with participation from Healthquad, Schroders, LC Nueva and Growth Spark Ventures, and follow-on from Chiratae Ventures and Alkemi Venture Partners. Read more… Read More
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