Africa50 Leads USD28m Series C for Kenya’s Poa Internet
Africa50 led a USD28m Series C for Kenya-based ISP Poa Internet, with follow-on from Novastar Ventures. Read more… Read More
Africa50 led a USD28m Series C for Kenya-based ISP Poa Internet, with follow-on from Novastar Ventures. Read more… Read More
Lightrock India, Quona Capital and Asia Impact led a USD46m Series C for India-based agtech Arya. DFC and others provided an additional USD14m as debt. Read more… Read More
Jungle Ventures led a USD8m Series A for Vietnam-based social commerce startup Mio, with participation from Patamar Capital and Oliver Jung (LAO Holdings), and follow-on from GGV Capital, Venturra, Hustle Fund, iSEED SEA and Gokul Rajaram (DoorDash). Read more… Read More
ILX Management reached a USD750m first close for ILX Fund I, its emerging markets SDG-focused private credit fund. Dutch pension provider APG committed the capital. Read more… Read More
Phatisa, through its Phatisa Food Fund 2, acquired 100% of South Africa-based biotech Deltamune, together with the company’s management, from HL Hall & Sons Investments for an undisclosed amount. Read more… Read More
Verdant Capital reached a USD36m first close for its Verdant Capital Hybrid Fund. The vehicle, which has an initial target size of USD100m, will invest hybrid capital and subordinated debt instruments into inclusive financial institutions across Africa. Read more… Read More
FinDev Canada committed up to USD13m to Energy Entrepreneurs Growth Fund. The vehicle is managed by Triple Jump and aims to offer financing and technical assistance to early- and growth-stage companies that increase access to clean and affordable energy for off-grid households and businesses in sub-Saharan Africa. Read More
D1 Capital led a ~USD36m Series A for Rei do Pitaco, a Brazil-based fantasy sports and gaming platform, with participation from Left Lane Capital and Globo Ventures, and follow-on from KASZEK and Bullpen Capital. Read more… Read More
SoftBank led a ~USD40m Series A for TerraMagna, a Brazil-based agtech platform providing working capital for farmers, with participation from Shift Capital and Brazilian credit investor Milenio Capital, and follow on from Canary, The Yield Lab, MAYA Capital, ONEVC and Accion Venture Lab. Read more… Read More
Dyal Capital Partners invested USD1b for a 13% stake in MBK Partners, a South Korea-based PE firm focused on North Asia. Read more… Read More
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