Swvl, a UAE-based transport technology startup founded in Egypt, will list on the Nasdaq via a merger with SPAC company Queen’s Gambit Growth Capital. The merger reportedly values the startup at USD1.5b. Read more… Read More
India-based business messaging platform Gupshup raised a USD340m Series F (including USD100m announced in April) from Fidelity Management, Tiger Global, Think Investments, Malabar Investments, Harbor Spring Capital, Neuberger Berman and White Oak. Read more… Read More
GLP reached a CNY4.5b (USD700m) final close for GLP China Income Fund III. The fund’s portfolio includes 11 stabilized industrial and logistics park assets catering to growing high-tech and innovation based manufacturing industries aligned with China’s economic growth initiatives. Read more… Read More
Kingsway Capital led a USD16.3m Series A for Lemon, an Argentine crypto banking platform, with participation from Valor Capital, Draper Associates, Cadenza Ventures, Amagis Capital, Coinbase Ventures, Borderless Capital, Reserve, Draper University Ventures, Celo, Grupo Supervielle and Andrés Bilbao (Rappi), and follow-on from Draper Cygnus. Read more… Read More
Inovo Venture Partners led a EUR6m (~USD7m) seed round for Jutro Medical, a Poland-based hybrid telemedicine and in-person health platform, with participation from Rheingau Founders. Read more… Read More
Acumen reached a USD58m final close for its Acumen Resilient Agriculture Fund. The vehicle will provide capital to support African agribusinesses that help smallholder farmers adapt to climate change. Read more… Read More
Dragoneer Investment Group led a USD83m Series C for Yoco, a South Africa-based payments and software platform for SMEs, with participation from Breyer Capital, HOF Capital, The Raba Partnership, 4DX Ventures and TO Ventures, and follow-on from Quona Capital, Partech, Velocity Capital Fintech Ventures and Orange Ventures. Read more… Read More
Temasek and Moore Strategic Ventures led a USD145m Series F for ShareChat, an India-based social media platform that includes the Moj app, at a reported USD3b valuation. Mirae-Naver Asia Growth Fund participated in the round. Read more… Read More
TPG Capital reached a USD5.4b first close for TPG Rise Climate. The vehicle has a target size of USD7b and will focus on five climate sub-sectors: clean energy, enabling solutions, decarbonized transport, greening industrials and agriculture and natural solutions. Read more… Read More
Brookfield Asset Management reached a USD7b first close for its Brookfield Global Transition Fund. The vehicle has a target size of USD12.5b and will focus on the global transition to a net-zero economy. Read more… Read More
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