Nithio FI, an Africa-focused, AI-enabled clean energy financing platform, raised USD23m from DFC, FSD Africa Investments and EDFI-ElectriFi. DFC invested USD10m in the round. Read more… Read More
DFC committed USD25m to PG Impact Credit Strategies, a fund managed by Blue Earth Capital (formerly PG Impact Investments) targeting credit investment opportunities in SMEs in sub-Saharan Africa, Latin America, South and Southeast Asia. DFC also committed USD10m to Altantica Ventures’ early-stage VC fund targeting seed through Series B investments… Read More
Aspire, a Singapore-based neobank for SMEs, raised a USD158m Series B comprising USD58m in equity and USD100m in debt led by an undisclosed growth equity investor, with participation from DST Global, CE Innovation Fund and B Capital, and follow-on from MassMutual Ventures, Picus Capital, AFG and Hummingbird Ventures. The debt… Read More
Nio Capital, Yunfeng Capital and Hongtai Capital led a USD100m Series C for Nreal, a China-based manufacturer of augmented reality glasses, with participation from CPE and follow-on from GP Capital, GL Ventures and Sequoia Capital China. Read more… Read More
Vinci Partners, through its Vinci Capital Partners III, agreed to acquire Brazil-based cosmetics platform Farmax for an undisclosed amount. Read more… Read More
Zola Electric, a renewable energy provider founded in Tanzania and headquartered in the Netherlands, raised USD45m in equity led by TotalEnergies Ventures, with participation from DBL Partners, Helios Investment Partners, Vulcan Capital and Electron Capital Partners. FMO and SunFunder provided an additional USD45m in debt. Read more… Read More
The Carlyle Group sold a 3.4% stake in India-based credit card issuing company SBI Cards & Payment Services for ~INR32.7b (~USD442m) in a bulk deal. Carlyle previously sold a 5.1% stake for ~INR48.1b (~USD650m) in June 2021 and a 4% stake for ~INR39b (~USD540m) in March 2021. Read more… Read More
Alfa Collab, the CVC arm of Brazilian insurance holding Conglomerado Alfa, announced an investment of up to ~USD120m over three years in E-ctare, a credit platform and digital wallet for rural producers in Brazil. Read more… Read More
Warburg Pincus and SoftBank Vision Fund 2 led a USD400m+ Series D for Advance Intelligence Group, a Singapore-headquartered, AI-driven tech startup, with participation from Northstar, Vision Plus Capital, Gaorong Capital and EDBI, at a reported USD2b+ valuation. Read more… Read More
Mexican car resale marketplace Kavak raised a USD700m Series E led by General Catalyst, with participation from Tiger Global, SoftBank, Ribbit Capital, Spruce House, D1 Capital, SEA and Founders Fund at a reported USD8.7b valuation. Read more… Read More
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