Advent Sells China’s AI Dream to Hillhouse
Advent International sold its controlling stake in AI Dream, the operator of the Serta and King Koil mattress brands in China, to Hillhouse Capital for an undisclosed amount. Read more… Read More
Advent International sold its controlling stake in AI Dream, the operator of the Serta and King Koil mattress brands in China, to Hillhouse Capital for an undisclosed amount. Read more… Read More
Lightspeed Venture Partners led a USD57m Series B for Flink, a Mexico-based consumer trading platform, with participation from Mantis Venture Capital and follow-on from ALLVP, Accel and Clocktower. Accel led a USD12m Series A earlier this year. Read more… Read More
Lineage Logistics, Stonepeak Partners and D1 Capital Partners invested USD450m in Emergent Cold Latin America, a temperature-controlled warehousing and logistics provider based in Brazil. Read more… Read More
Affirma Capital led a INR3.5b (~USD47m) round for Belstar Microfinance, the microlending arm of India-based Muthoot Finance, with follow-on from Muthoot Finance and Maj Invest. Affirma invested INR3b (~USD40m) in the round. Read more… Read More
Greenoaks led a USD116m Series B for Cora, a Brazilian lending platform for SMEs, with participation from Tiger Global and Tencent, and follow-on from KASZEK, QED Investors and Ribbit Capital. KASZEK, QED and Ribbit invested USD26.7m in April. Read more… Read More
Defy Partners and Wavemaker Partners led a USD30m Series A for Bazaar, a Pakistan-based digital bookkeeping platform and B2B marketplace, with follow-on from Indus Valley Capital, Global Founders Capital, Next Billion Ventures and Alter Global. Read more… Read More
Vinci Partners reached a BRL384m (~USD71m) second close for Vinci Infraestrutura Água e Saneamento Fundo de Participações em Infraestrutura (VIAS) fund, which will focus on investing private capital into the privatization of state-owned companies that provide water and sewage services for the Brazilian population. Read more… Read More
Tribe Capital and Moore Strategic Ventures led a USD100m Series C for Khatabook, an India-based bookkeeping and payments platform, at a reported ~USD600m valuation, with participation from Alkeon Capital, and follow-on from B Capital Group, Sequoia, Tencent, RTP Ventures, Unilever Ventures and Better Capital. Read more… Read More
China-based comics platform Kuaikan raised USD240m from investors including CCB International (the CVC arm of China Construction Bank) and South Korean mobile app market One Store, with follow-on from Tencent, Coatue and Tiantu Capital. Read more… Read More
Dayone Capital reached a USD630m final close for its debut fund focused on consumer verticals in China, surpassing its original target of USD500m. Read more… Read More
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