Elevation Capital led a USD38m Series A for FamPay, an India-based payments platform for teens, with participation from General Catalyst, Rocketship VC, Greenoaks Capital and existing investors Sequoia Capital India, Y Combinator, Global Founders Capital and Venture Highway. Read more… Read More
Global Founders, Global Ventures, Nuwa Capital and FJ Labs led a USD3m seed round for UAE-based wellbeing startup Valeo. Read more… Read More
Vital Capital, through its Vital Impact Relief Facility, has provided financing to Privamnuts, a Kenya-based macadamia nut processor and exporter, and to Sollatek, a manufacturer of solar and voltage control products providing essential services to rural households in East Africa. Read more… Read More
EXEO Capital has sold its 62.7% stake in South Africa-based table olive supplier Cape Olive Holdings to Imibala, a Lona Group subsidiary and Cape Olive co-shareholder. EXEO originally acquired the stake in 2013 through its Agri-Vie Fund I. Read more… Read More
Advent International has invested USD430m in Brazil-based cross-border payment platform Ebanx. Advent invested through its Latin American Private Equity Fund, Global Private Equity, Advent Tech and Sunley House Capital fund. Read more… Read More
Oasis Capital Ghana made an undisclosed investment in Joyce Ababio College of Creative Design, a design university college based in Ghana. Read more… Read More
African Infrastructure Investment Managers (AIIM) along with a consortium comprising South African Housing & Infrastructure Fund (SAHIF) and STOA agreed to acquire a 25.8% interest in MetroFibre Networx, a South Africa-based open access fiber network operator, from Sanlam Private Equity, African Rainbow Capital and a minority shareholder. The transaction follows… Read More
India-based edtech Byju’s raised USD350m from investors including UBS, Blackstone, ADQ, Eric Yuan (Zoom) and others at a reported USD16.5b valuation. MC Global Edtech Investment Holdings recently led a USD460m tranche of the company’s ongoing Series F. Read more… Read More
Multiples Alternate Asset Management led a USD65m Series F for India-based meat and seafood brand Licious, with participation from Brunei Investment Agency, Vertex Ventures and others. Multiples contributed USD32m to the round, while Brunei Investment Agency and Vertex Ventures contributed USD15m and USD10m, respectively. Bertelsmann Netherland, 3one4 Capital and angel… Read More
General Atlantic led a USD100m Series C for UAE-founded beauty and wellness software platform Fresha, with follow-on from Partech, Target Global and FJ Labs. Middle East Venture Partners exited through a secondary sale. Source(s): Read more… Read More
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