Affirma Capital has reached a USD403m first close for Ascenta V, its fifth Korea-focused fund. The vehicle will deploy capital in Korea, China, India and other Southeast Asia markets. The fund will invest USD181m in T Map Mobility, a South Korea-based map-navigation service provider. Read more here… Read More
5Y Capital (formerly Morningside Venture Capital) has raised ~USD1.7b for its sixth USD-denominated fund and ~USD290m for its CNY-denominated fund focused on early- and growth-stage investments in China. Read more… Read More
CardinalStone Capital Advisers led a USD10m Series A for Appzone, a Nigeria-based fintech software provider, with participation from V8 Capital, Constant Capital, Itanna Capital Ventures and Lateral Investment Partners. Read more… Read More
Jaguar Growth Partners has acquired Brazil-based real estate securitization platform RB SEC from RB Capital for an undisclosed amount. Read more… Read More
StoneWise, a China-based pharmaceutical company that uses AI to accelerate drug discovery, has raised an aggregate USD100m in funding through its Series B and B+ rounds. Legend Capital led the Series B, while Lightspeed China and Greater Bay Area Homeland Investments led the Series B+. New investors CDH… Read More
Tiger Global Management led a USD100m Series D for DealShare, an India-based e-commerce platform for middle- and lower-income consumers. Read more… Read More
IVP and Accel led a USD69m Series B for Veriff, an Estonia-based identity verification platform. Read more… Read More
Baring Private Equity Asia has agreed to invest USD100m in US- and London-listed Hutchison China MediTech (HutchMed), a China-based cancer drug developer. Read more… Read More
Alteria Capital has reached a INR13.75b (~USD178.7m) first close for its second venture debt fund. The vehicle will make early- and growth-stage investments in startups operating in the consumer, technology and healthcare sectors in India. The fund will also allocate capital for structured debt products aimed at later… Read More
A consortium of investors led by EIG Global Energy Partners and including Mubadala Investment Co. has agreed to acquire a 49% stake in the newly formed oil pipeline business of Saudi Aramco for USD12.4b. Read more… Read More
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