Norwest Venture Partners led a USD75m Series C for India-based social commerce platform CityMall, with participation from Citius Fund and follow-on from WestBridge Ventures, Jungle Ventures, General Catalysts, Accel India and Elevation Capital. Read more… Read More
Vinci Partners, through Vinci Capital Partners III, led a BRL650m (~USD128m) investment in Brazil-based wine e-commerce Evino, with participation from JCR and XP. Evino acquired Grand Cru, a Brazil-based importer and distributor of premium wines, from Aqua Capital in October 2021. Read more… Read More
Green for Growth Fund and SANAD invested USD40m and USD35m, respectively, in Egypt-based Banque Misr. The bank aims to use the fresh capital to support MSMEs in Egypt and to provide green loans to corporates, SMEs and Egyptian households to finance renewable energy projects and energy efficiency measures. Read More
Insight Partners, B Capital Group and Dragoneer Investment Group led a USD137m Series B for India-based debt platform CredAvenue at a reported USD1.3b valuation. Read more… Read More
HarbourVest Partners reached a USD1.6b final close for HIPEP IX Fund, surpassing its initial target of USD1.2b. The fund will make primary investments in private equity funds in Europe and Asia Pacific, in addition to secondary and direct co-investments. Read more… Read More
Gramercy provided a USD100m credit line to Colombia-based fintech OmniLatam. Read more… Read More
Emtech, an emerging markets digital infrastructure provider for central banks, raised a USD4m seed round from 500 Global, Noemis Venture, Octerra Capital, Consonance Invest, XFactor ventures, Canaan Partners and Andrew Lundsten (Stripe). The firm concluded a test pilot in Ghana last year. Read more… Read More
Merak Capital invested USD40m in Saudi Arabia-based data and digital transformation startup Master Works. Read more… Read More
QIA led a USD121m Series D for Turkey-based AI company Insider at a reported USD1.2b valuation, with participation from Sequoia Capital, Riverwood Capital, Wamda, Endeavor Catalyst, Esas Holding and 212 Capital Partners. Read more… Read More
Perfect Corp., a China-based AR and AI SaaS solutions provider for the beauty and fashion industries, agreed to merge with Provident Acquisition Corp., a US-listed SPAC, at a reported USD1.02b valuation. Read more… Read More
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