Sequoia Heritage, a subsidiary of Sequoia Capital, Founders Fund, Stripe and Ribbit Capital led a USD200m Series A for Wave, a Senegal-based mobile money platform, with follow-on from Partech Africa and Sam Altman (OpenAI), at a reported USD1.7b valuation. Read more… Read More
Blue like an Orange Sustainable Capital invested MXN150m (~USD7.5m) in mezzanine financing in Alivia Clinica de Alta Especialidad, a Mexico-based clinic for infusion and specialty pharmacy treatments for patients with oncological and chronic degenerative diseases. Read more… Read More
Addition, a VC founded by former Tiger Global partner Lee Fixel, invested USD76.4m in India-based e-commerce logistics platform Delhivery. The new investment is reportedly part of the company’s Series I round. Read more… Read More
Baidu Ventures reached a USD400m final close for its third USD-denominated fund. The firm targets investments in AI-driven startups developing deep technology related to algorithms, sensors and data storage systems primarily in China and the US. Focus areas include new energy vehicles, life sciences, corporate services, smart cities, semiconductors, smart… Read More
Thailand-based insurtech Sunday raised a USD45m Series B from investors including Tencent, SCB 10X, Vertex Growth, Vertex Ventures Southeast Asia & India, Granite Oak, Quona Capital, Aflac Ventures and Z Venture Capital. Read more… Read More
Sanlam Investments reached a ZAR500m (~USD34.5m) first close for its Sustainable Infrastructure Fund. The vehicle has an initial target size of ZAR5b (~USD346m) and will mostly provide debt financing for projects in the renewable energy, conventional energy, housing, transportation, communication, health, water and waste sectors in South Africa. Read… Read More
Raiz Investimentos, the family office of Sem Parar Founder Ivan Toledo, led a USD20m round for Pier, a Brazil-based insurtech for smartphones and vehicles, with follow-on from Canary, monashees, BTG Pactual and Mercado Libre. Read more… Read More
CRV led a USD57m Series B for Jeeves, a US-based expense management platform for startups with operations in Mexico, Colombia, Brazil and Chile, with participation from Silicon Valley Bank, Tencent, Alkeon Capital Management and Soros Fund Management. Read more… Read More
VIG Partners acquired a controlling stake in South Korea-based waste-to-energy facility operator BioEnergyFarmAsan for about USD100m. Read more… Read More
KKR led a USD45m Series B for KiotViet, a Vietnam-based merchant platform for MSMEs, with follow-on from Jungle Ventures. Read more… Read More
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