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… Read More
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… Read More
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… Read More
UAE-based fintech Zenda (formerly Nexopay) raised a USD9.4m seed round from STV, COTU Ventures, Global Founders Capital and VentureSouq. Read more… Read More
Indonesia-based digital lender JULO raised USD30m in equity and USD50m in debt from Credit Saison. Read more… Read More
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… Read More
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… Read More
Early Game Ventures and RocaX Ventures invested USD4m in Bunnyshell, a Romania-based cloud infrastructure startup. Read more… Read More
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… Read More
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… Read More
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