General Atlantic and SoftBank Vision Fund 2 led a USD1.5b round for Turkey-based e-commerce platform Trendyol, with participation from Qatar Investment Authority, Abu Dhabi sovereign fund ADQ and Princeville Capital, at a reported USD16.5b valuation. Read more… Read More
Speedinvest and Left Lane Capital led a USD23m Series A for African mobility fintech Moove, with participation from DCM, Clocktower Technology Ventures, thelatest.ventures, LocalGlobe, Tekton, FJ Labs, Palm Drive Capital, Roka Works, KAAF Investments, Class 5 Global, Verod Capital Management, Kepple Africa Ventures and Victoria van Lennep (Lendable), and follow-on… Read More
Nama Ventures led an undisclosed bridge round for Saudi Arabia-based HR solutions startup palm.hr, with participation from local angel investors. Read more… Read More
Alexia Ventures and Igah Ventures led a USD10.3m Series A for LogComex, a Brazilian international trade management platform, with participation from Endeavor Scale Up Ventures, and follow-on from Invest Tech and Caravela Capital. Caravela and Invest Tech led a ~USD600k round in 2020. Read more … Read More
Chiratae Ventures reached a USD337 final close for its fourth fund, targeting seed and Series A opportunities in India. Read more… Read More
General Atlantic led a USD70m Series B for Crehana, a Mexico- and Peru-based upskilling platform for corporates and retail consumers. This is the second largest known round in a Latin American edtech startup after Brazilian Descomplica raised USD84.5m in a round led by Invus Opportunities and SoftBank in February. Read More
IFC and existing investor Alta Growth Capital invested USD9.8m in Mexico-based higher education company Lottus Education. Read more… Read More
Brazil-based Nubank, Global Founders Capital, Sequoia Capital and Matrix Partners India led a USD45m Series B for India-based neobank Jupiter, with participation from Mirae Assets Venture and follow-on from investors including Addition Ventures, Tanglin VC, 3one4 Capital, Greyhound and Beenext. The new round values the company at a reported USD300m+… Read More
Emerging Capital Partners (ECP), A.P. Moller Capital, DEG and Investment Fund for Developing Countries (IFU) created a new company called ECP Power & Water Holding through which they will invest in Africa-focused power and water developer Eranove Group. Read more… Read More
IG4 Capital, through IG4 Private Equity Fund II and managed accounts, acquired a 33.87% stake in Aenza, a Peru-based infrastructure platform, for USD58m. IG4 Capital, now the company’s largest shareholder, will also deploy an additional USD22m to invest in convertible debentures alongside a syndicate of creditors to secure working capital… Read More
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