SWVL, a UAE-based transport technology startup founded in Egypt, raised an additional USD21.5m PIPE investment from EBRD and others as part of its pending SPAC merger with Queen’s Gambit Growth Capital. This brings the total PIPE to USD121.5m. Read more… Read More
Nigeria-based payments platform PalmPay raised a USD100m Series A in August 2021 from Chuangshi Capital, Yunshi Equity Investment Management, Trust Capital, Chengyu Capital and AfricInvest. Read more… Read More
Glade Brook Capital Partners led a USD125m Series C for Chile-based insurtech Betterfly at a reported USD1b valuation, with participation from Greycroft and Lightrock, and follow-on from QED Investors and DST Global. Read more… Read More
DEG committed USD21m to Vantage Capital IV, an Africa-focused mezzanine fund targeting investments in SMEs. Read more… Read More
Oaktree Capital Management agreed to invest USD150m in Czech Republic-based chemicals group Draslovka. Read more… Read More
Graphene Ventures led a USD36m equity and debt round for Saudi Arabia-based B2B marketplace Retailo, with participation from 500 Global, Agility, Aujan, Tech Invest Com and Mentor’s Fund, and follow-on from Shorooq Partners, Abercross Holdings, Arzan VC and AgFunder. Nahda Fund provided venture debt, which comprised less than 20% of… Read More
FIM Partners and STV led a USD50m round for Saudi Arabia-based dark store Nana, with participation from Quencia Capital, Faith Capital, Jahez and Sunbulah Group, and follow-on from MEVP and Impact46. Read more… Read More
Khwarizmi Ventures reached a USD70m second close for its current fund targeting early-stage investments in startups across the Middle East, North Africa and Pakistan region. Read more… Read More
Coller Capital reached a USD1.4b final close for Coller Credit Opportunities I, its first private credit secondaries fund. Read more… Read More
Tiger Global and Sequoia Capital led a USD250m round for US- and India-based subscription management platform Chargebee at a reported USD3.5b valuation. Read more… Read More
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