Quest Ventures and TNB Aura led a USD6.8 seed round for Singapore-based smart electric motorbike company ION Mobility, with participation from GDP Venture, Monk’s Hill Ventures, Seeds Capital and 500 Durians. Read more… Read More
Emerging markets-focused digital lender Tala raised a USD145m Series E led by Upstart, with participation from The Stellar Development Foundation’s Enterprise Fund and angel investors. Existing investors IVP, Revolution Growth and Lowercase Capital followed on. Read more… Read More
AIIM completed a ZAR5.5b (~USD370m) capital increase for its IDEAS Managed Fund, bringing the overall size of the open-ended fund to more than ZAR22b (~USD1.48b). Read more… Read More
Nigeria-based telecommunications infrastructure company IHS Towers raised USD378m in its IPO on the NYSE. The company issued 18m shares and investors including ECP, MTN, AIIM, FMO, Ninety One and Goldman Sachs sold an additional 4.5m shares. Read more… Read More
Actis reached a USD4.7b final close for its Actis Energy 5, with an additional USD1.3b in capital for co-investments, exceeding the fund’s USD4b target. The vehicle will invest in power-generation projects globally, with a focus on emerging markets. Read more… Read More
The Japanese International Cooperation Agency invested USD2.5m in Sanergy, a Kenya-based sanitation and waste management solutions company, to support the Black Soldier Fly project, its organic waste transformation effort in Nairobi and beyond. Sanergy collects organic waste and transforms it into insect feed, fertilizer and biofuel by using black soldier… Read More
Adenia Partners acquired a majority stake in Altilands, the parent company of Red Lands Roses, a Kenya-based grower of fresh-cut roses, for an undisclosed amount. Read more… Read More
LeapFrog Investments led a USD250m Series E for India-based auto resale marketplace CarDekho at a reported USD1.2b valuation, with participation from Mirae Asset, Canyon Partners, Franklin Templeton, Harbor Spring Capital and follow-on from Sequoia Capital India and Sunley House. The round comprised USD200m in equity and USD50m in debt. Read More
Anchor Equity Partners reached a USD1.6b final close for its fourth fund focused on South Korea and North Asia. Read more… Read More
Creandum led a USD17.4m Series A for Vue Storefront, a Poland-based frontend platform for headless commerce, with participation from Earlybird Venture Capital and Paua Ventures. Read more… Read More
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