INCE Capital reached final closes for INCE Capital Partners II and INCE Opportunity Fund, raising USD478m and USD222m, respectively. INCE’s second fund will focus on early-stage opportunities at the nexus of consumer and internet, while the opportunity vehicle will target later-stage investments. Read more… Read More
Tiger Global led a USD45m Series B for Avataar, a US- and India-based AR/VR services provider for consumer brands, with follow-on from Sequoia India. Read more… Read More
Reliance Retail Ventures led a USD240m round for India-based hyperlocal delivery startup Dunzo, with follow-on from Lightbox, Lightrock, 3L Capital and Alteria Capital. Reliance Retail invested USD200m for a 25.8% stake. Read more… Read More
Topaz, the financial solutions arm of Grupo Stefanini, acquired a majority stake in Cobiscorp, a US-based, Ecuador-founded banking software company with a substantial customer base in Latin America, for an undisclosed amount. Read more… Read More
Prosus Ventures led a USD60m Series B for Colombia-based edtech Platzi, with follow-on from Foundation Capital, Y Combinator, 500 Global, FJ Labs, FundersClub, and Hans Tung (GGV) and Darian Shirazi (Gradient). Read more… Read More
JABU, a Namibia-based, last-mile e-commerce distribution startup, raised a USD3.2m seed round from YC, Afore Capital, FJ Labs, Quiet Capital, Kli Capital and Pareto Capital. Read more… Read More
Tiger Global and Bessemer Venture Partners led a USD25m round for Rupifi, an India-based provider of BNPL services for marketplaces, with follow-on from Quona Capital and Ankur Capital. Read more… Read More
Vinci Partners acquired Brazil-based port terminal Porto Pontal from JCR Group for an undisclosed amount. The fund plans to invest BRL3b (~USD526m) in the project. Read more… Read More
Virtue Diagnostics, a China-based in-vitro diagnostics company focused on cancer, infectious diseases and chronic diseases, raised a USD100m Series B from Sequoia China, Morningside Ventures and ORIZA Holdings, with follow-on from Lilly Asia Ventures and PerkinElmer Ventures. Read more… Read More
Miro, a US-based online visual collaboration platform founded in Russia, raised a USD400m Series C from ICONIQ Growth, Accel, Atlassian, Dragoneer Investment Group, GIC, Salesforce Ventures and TCV at a reported USD17.5b valuation. Read more… Read More
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