Northern Light Venture Capital reached a CNY2b (~USD309m) final close for its CNY-denominated fourth fund targeting investments in early-stage companies across the TMT, advanced technology and healthcare sectors in China and the US. Read more… Read More
Crescera Capital led a USD80m Series C for Tembici, a Brazilian micro-mobility platform focused on bikes, with participation from Endeavor Catalyst and Pipo. Read more… Read More
ARCH Emerging Market Partners, through its Africa Renewable Power Fund, provided USD2.5m in financing to South Africa-based solar leasing platform Sun Exchange in the form of a convertible note. ARCH EM Partners led the company’s Series A in 2020. Read more… Read More
Global Ventures led a USD4.5m pre-Series A for Cartona, an Egypt-based e-commerce platform connecting retailers and manufacturers, with participation from Kepple Africa, T5 Capital and angel investors. Read more… Read More
CDC Group made an undisclosed anchor investment in Techxila Fund I, a fund managed by Fatima Gobi Ventures targeting investments in early-stage tech companies across Pakistan. Read more… Read More
Quona Capital led a USD10m Series A for Verto, a global B2B payments platform that allows SMEs to make payments to their suppliers, with participation from Treasury, Middle East Venture Partners, TMT Investments, Unicorn Growth Capital, Zrosk Investment Management and P1 Ventures. Read more… Read More
DPI sold a 31% stake in Nigeria-based QSR group Food Concepts to African Capital Alliance for an undisclosed amount. DPI will retain a majority stake in the company. Read more… Read More
Falcon Edge Capital led a USD200m+ round for Ola Electric, the EV unit of India-based rideshare Ola, with participation from SoftBank and others at a reported USD3b valuation. TechCrunch reports that the round has not yet closed. Read more… Read More
Tiger Global led a USD207m Series F for India-based B2B marketplace OfBusiness, with participation from SoftBank and Alpha Wave Incubation, at a reported USD3b valuation. Read more… Read More
Fidelity Management and B Capital led a USD570m round for India-based social commerce platform Meesho at a reported USD4.9b valuation, with participation from Footpath Ventures, Trifecta Capital and Good Capital, and follow-on from Prosus Ventures, SoftBank Vision Fund 2 and Facebook. Read More… Read More
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