SoftBank Vision Fund 2 led a USD144m Series C+ for Funding Societies, a Singapore-based digital financing platform for SMEs, with participation from VNG Corporation, Rapyd Ventures, EDBI, Indies Capital, K3 Ventures and Ascend Vietnam. The company also received USD150m in debt. Read more… Read More
ADQ and STV led a USD46m Series B for Saudi Arabia-based on-demand truck aggregator TruKKer, with participation from Mubadala and follow-on from Riyad Taqnia Fund and Shorooq Partners. The company also raised USD50m in debt funding from Mars Growth and Partners for Growth. Read more… Read More
Spruce House led a USD21m Series A for Stitch, a South Africa-based fintech API platform, with participation from PayPal Ventures, TrueLayer, firstminute Capital, Raba Partnership, CRE VC and Village Global. Read more… Read More
20VC led a USD116m investment for UK- and Belarus-based mobile game studio Tripledot Studios at a reported USD1.4b valuation, with participation from Access Industries, Lightspeed Venture Partners and Eldridge. Read more… Read More
Spanish bank BBVA invested USD300m in Brazil-based digital bank Neon. Read more… Read More
Cerberus Capital Management agreed to acquire a portfolio of non-performing loans and real estate properties in Cyprus with a total book value of EUR2.4b (~USD2.7b) from Alpha Bank. Read more… Read More
Global Ventures and Ventures Platform led a USD1m round for Nigeria-based healthtech Remedial Health, with participation from Ingressive Capital, Voltron Capital and angels. Read more… Read More
Blackstone acquired a majority stake in India-based asset and wealth management company ASK Investment Managers from Advent International and others for an undisclosed amount. Read more… Read More
Existing investors Affinity Equity Partners and BRV Capital Management invested KRW300b (~USD251m) in SSG.com, the e-commerce arm of South Korea-based retailer Shinsegae Group. Read more… Read More
Enko Capital increased its stake in South Africa-based telecom infrastructure company NETIS to 75.6%. The deal, which is being financed by a combination of equity, mezzanine financing and senior debt supplied by EAPEF, Investec and Ninety One, is valued at ~USD30m. Read more… Read More
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