Magalu Acquires Insight Partners-Backed KaBuM! for up to ~USD741m

Brazil-based e-commerce chain Magalu acquired KaBum!, a Brazil-based technology and e-commerce platform backed by Insight Partners, for up to BRL3.8b (~USD741m). As part of the agreement, Magalu invested BRL1b (~USD195m ), which will be followed by the transfer of additional shares conditional on the achievement of established goals. Read… Read More

Novastar Leads USD4.2m Investment in West Africa-Focused Agtech Ignitia

Novastar Ventures led a USD4.2m financing round for Ignitia, a West Africa-focused agtech based in Sweden, with participation from Future Foodways, Mercy Corps, Norrsken and Finca International, and follow-on from IKEA Social Entrepreneurship. The funds will be used to expand Ignitia’s operations into Brazil and to extend the company’s footprint… Read More



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