Fozun RZ Capital reached a CNY2b (~USD316m) final close for its third CNY-denominated fund. The vehicle will make early- and growth-stage investments across the technology and new consumer goods industries, with a focus on semiconductor chip, autonomous driving, SaaS, new energy, robotics, cross-border business, cyber security and new brands in… Read More
IFC agreed to provide a loan of up to BRL200m (~USD40m) to Brazil-based education group Ser Educacional. Read more… Read More
Bradesco Asset Management is launching Explorer, a BRL250m (~USD51m) fund of funds to invest in private equity and venture capital funds as well as in impact investing managers. Read more… Read More
Africa-focused agriculture social impact investor and project developer AgDevCo secured USD90m in funding from CDC Group, Norfund and DFC. CDC and Norfund provided USD50m and USD20m, respectively, in equity, while DFC provided USD20m in senior debt. Read more… Read More
Affirma Capital led a USD93m Series B for Beam, a Singapore-based micromobility startup that operates e-scooters, with participation from Sequoia Capital India, Hana Ventures, ICT Capital, EDBI, AC Ventures, RTP Global and Momentum Venture Capital. Read more… Read More
Accel and Lightrock led a USD100m Series C for India-based consumer neobanking platform Niyo, with participation from Beams Fintech Fund and follow-on from Prime Venture Partners and JS Capital. Read more… Read More
Blue like an Orange Sustainable Capital provided BRL72m (~USD14m) in mezzanine financing to Brazil-based pharmaceutical retail chain InvestFarma. Read more… Read More
Pakistan-based fintech NayaPay raised a USD13m seed round from Zayn Capital, MSA Novo, Graph Ventures and an early-stage VC from Silicon Valley, with participation from Saison Capital, Maple Leaf Capital and Warren Hogarth (Empower Finance). Read more… Read More
Digital asset plattform OK Group led a USD24m Series A for Brazil-based crypto exchange platform Foxbit. Read more… Read More
V8 Capital Partners led a USD40m Series A for MarketForce, a Kenya-based B2B platform for retail distribution of consumer goods and digital financial services, with participation from Ten13 VC, SOSV Select Fund, Vu Ventures and Vastly Valuable Ventures, and follow-on from Reflect Ventures, Greenhouse Capital, Century Oak Capital and Remapped… Read More
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