DFC has committed USD35m to Root Capital, a US-based impact investor that provides financing to farmers and small agricultural businesses in Latin America, sub-Saharan Africa and Southeast Asia. Read more… Read More
KKR, GL Ventures and Vision Plus Capital led a USD200m Series C for Hetao101, a China-based edtech that provides computer programming courses for children, with follow-on from Source Code Capital and Huaxing Growth Capital. Read more… Read More
Mohamed Yousuf Naghi Group, AlTouq Group, Derayah Ventures, B&Y Venture Partners, AbdulMohsin Al Houkair Holding Group and Nazer Group invested a USD20m Series A for Dubai-based cloud kitchen operator iKcon (Innovative Kitchen Concepts). Read more… Read More
Gulf Capital has invested an additional USD30m in portfolio company ART Fertility Clinics, a UAE-based provider of fertility treatment services, to expand its operations to India. Gulf Capital acquired 100% of ART Fertility Clinics for over USD100m in January 2020. Read more… Read More
Ribbit Capital led a USD65m Series A extension for Indonesia-based investment app Ajaib, with participation from Y Combinator Continuity, ICONIQ Capital and Bangkok Bank PLC and follow-on from Horizons Ventures, SoftBank Ventures Asia, Alpha JWC and Insignia Ventures. David Velez (Nubank) and SG Lee (Toss) also participated in… Read More
Sequoia Capital and existing investor Tiger Global Management led a USD300m Series C for Turkey-based grocery delivery platform Getir at a reported USD2.6b valuation. Crankstart Investments and Base Partners led the company’s USD128m Series B in January 2021. Read more… Read More
Existing investors Matrix China, BA Capital, CITIC Agricultural Fund and Maison Capital have invested a CNY800m (~USD122m) Series B for China-based yogurt brand Simple Love (also known as Jian’Ai), with participation from Sequoia Capital China, Yunfeng Capital, Proterra Investment Partners and DCP Investments. Read more… Read More
Technology Crossover Ventures (TCV), D1 Capital Partners and Falcon Edge Capital led a USD400m investment in Dream Sports, the India-based owner of online fantasy sports app Dream11, at a reported USD5b valuation. The round facilitated an exit for Kalaari Capital and Multiples Alternate Asset Management and saw participation… Read More
Wise Road Capital has agreed to acquire South Korea-based chip maker Magnachip Semiconductor Corporation through a take-private deal valued at USD1.4b. Read more… Read More
Horizon Capital has sold its minority stake in Ukraine-based private healthcare provider Dobrobrut to existing shareholders Concorde Capital and the company’s CEO for an undisclosed amount. Horizon invested in Dobrobrut through its Emerging Europe Growth Fund III in April 2019. Read more… Read More
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