A global coalition convened by Acumen and including CDC Group, DFC, FMO, Green Climate Fund, the Rockefeller Foundation and IFC, among others, launched the Energy Access Relief Fund to provide relief capital in the form of short-term loans to energy access companies in sub-Saharan Africa and Asia. The fund, which… Read More
Carsome, a Malaysia-based auto resale marketplace, raised a USD170m Series D+ at a reported USD1.3b valuation from investors including MediaTek, Catcha Group, Penjana Kapital and Emissary Capital, and follow-on from Asia Partners, Gobi Partners, 500 Southeast Asia, Ondine Capital, MUFG Innovation Partners, Daiwa PI Partners and others. Carsome also… Read More
Anthemis and 500 led a USD20m Series A for Flat.mx, a Mexico-based proptech focused on the purchase, renovation and resale of residential real estate, with participation from Expa and follow-on from ALLVP. Read more… Read More
Mubadala led a USD35m Series C for Borzo, a Russia-founded crowdsourced same-day delivery service, with participation from VNV Global, RDIF, Flashpoint Venture Capital and others. Read more… Read More
Temasek-founded Aicadium acquired BasisAI, a Singapore-based AI software provider, facilitating an exit for Sequoia Capital India and three co-founders of the company. Read more… Read More
Everstone Capital acquired Calibre Chemicals, an India-based specialty ingredients company focused on the pharmaceutical, nutritional and personal care segments, for a reported USD100m. Read more… Read More
SEEDRA Ventures, 500 and existing investor Nama Ventures led an undisclosed seed round for UAE-based celebrity content platform Starzly. Read more… Read More
Amethis sold its 22% stake in Sodigaz APC, a gas bottle distributor in Burkina Faso, to African Infrastructure Investment Managers for an undisclosed amount. Read more… Read More
LoftyInc Capital Management reached a USD5.5m first close for LoftyInc Afropreneurs Fund 3. The vehicle, which has an initial target size of USD10m, will make investments in Africa, with a particular focus on the hyper-growth tech ecosystems in Nigeria, Egypt and Francophone Africa. Read more… Read More
GIC and the Carlyle Group sold 37 million shares of Brazil-based hospital network Rede D’Or via a block trade for BRL2.6b (~USD500m). Read more… Read More
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