Advent International and SoftBank led a USD225m Series B for Merama, a Mexico- and Brazil-based e-commerce brand aggregator, with participation from Globo Ventures and follow-on from monashees, Valor Capital Group, Balderton Capital and MAYA Capital. Read more… Read More
US-based cloud computing and SaaS startup Cloud Klair agreed to acquire Sehteq, a UAE-based insurtech backed by 971 Capital, for an undisclosed amount. Read more… Read More
Revo Capital reached a EUR90m (~USD105m) final close for its second fund targeting investments in tech-driven and growth-stage startups in Turkey and Eastern Europe. IFC, EBRD and DEG are among the investors in the fund. Read more… Read More
Charoen Pokphand Group led a USD150m Series C for Thailand-based fintech Ascend Money at a reported USD1.5b valuation, with participation from Bow Wave Capital and follow-on from Ant Group. Read more… Read More
Singapore-based logistics platform Ninja Van raised a USD578m Series E from Alibaba Group and existing investors GeoPost’s DPDgroup, B Capital Group, Monk’s Hill Ventures and Zamrud. Read more… Read More
Flat6Labs reached a USD10m close for its Anava Seed Fund targeting early-stage investments in Tunisian startups, surpassing its initial target size of USD3m. Read more… Read More
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
(default archive template)