AfricInvest, through AfricInvest FIVE, invested an undisclosed amount in Burkina Faso-based insurance company RAYNAL Assurances IARD Burkina Faso, facilitating an exit for pan-African financial group SUNU. Read more… Read More
Rocket Internet, Global Founders and P1 Ventures led a USD5m seed round for Morocco-based fintech and B2B e-commerce Chari.ma, with participation from Plug and Play, Y Combinator, Village Capital, Orange Ventures, Air Angels, SPE Capital, Pincus Capital Management, Reflect Ventures, the Chandaria family and others. Read more… Read More
Blackstone agreed to acquire a majority stake in Switzerland- and UAE-based visa services company VFS Global from EQT Private Equity and Kuoni and Hugentobler Foundation for an undisclosed amount. Read more… Read More
Summit Africa reached a ZAR1.6b (~USD106m) final close for Summit Private Equity Fund I. The vehicle will target investments in the healthcare, education, financial services and ICT services sectors in South Africa, Namibia, Lesotho and Eswatini. Read more… Read More
Qatar Investment Authority led a USD175m Series F for Rebel Foods, an India-based dark kitchen operator, at a reported USD1.4b valuation, with follow-on from Coatue and Evolvence. Read more… Read More
Huaxing Growth Capital reached a USD550m first close for its fourth USD-denominated fund, targeting investments in innovative, tech-driven companies in China. Read more… Read More
AfricInvest, through its evergreen PE fund FIVE, acquired a minority stake in RoyalExchange General Insurance Company, a Nigeria-based insurance company, for an undisclosed amount. Read more… Read More
Base Partners and Untitled led a USD27m round for Trybe, a Brazilian online coding school, with participation from Endeavor Scale Up Ventures and follow-on from GFC. Read more… Read More
Brazilian cashback platform CRM&BONUS raised ~USD56m from SoftBank, Riverwood Capital, Igah Ventures and Volpe Capital at a reported ~USD200m valuation. Read more… Read More
Andreessen Horowitz led a USD152m Series B for Sky Mavis, a Vietnam-based crypto video game developer, with participation from Accel, Samsung Next Ventures, 500 Vietnam, Not Boring Capital, Paradigm, Libertus Capital and Fabric Ventures. Read more… Read More
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