BlackRock Private Equity Partners has partially exited its stake in South Korea-based e-commerce platform Coupang via the company’s ~USD4.55b IPO on the Nasdaq. BlackRock sold approximately 26.6m shares at a price of USD35 per share for an aggregate USD931m. Other existing investors include SoftBank, Sequoia Capital, Greenoaks Capital… Read More
L Catterton Asia Acquisition, a consumer-focused SPAC launched by L Catterton Asia, has raised USD250m in its IPO on the Nasdaq under the symbol LCAAU. Read more… Read More
IFC has committed USD3m to Savannah Fund II, a seed fund with a focus on supporting women entrepreneurs and disruptive companies in high-growth sectors in Africa. The fund, which targets USD25m, recently reached an undisclosed first close. Read more… Read More
Volpe Capital has reached a USD80m first close with commitments from SoftBank, BTG Pactual and Banco Inter affiliates. The VC fund, which specializes in high-growth technology investments in Latin America, has a USD150m target. Volpe Capital also announced an undisclosed investment in Brazilian edtech UOL Edtech as the… Read More
Loyal Valley Capital led a USD100m Series B for Arctic Vision, a China-based clinical-stage ophthalmology company focused on developing therapies for pan-ocular diseases, with participation from Tencent, Octagon Capital, and New World Development Group CEO Dr. Adrian Cheng, and follow-on from Nan Fung Life Sciences, Pivotal bioVenture Partners… Read More
Owl Ventures and Full In Partners led a EUR29.4m (approximately USD35m) Series B for Ukraine-based edtech Preply, with follow-on from Point Nine Capital, Hoxton Ventures and All Iron. Angel investors including Delivery Hero co-founder and CEO Niklas Ostberg, Booking.com co-founder Arthur Kosten, Unity Technologies co-founder David Helgason and… Read More
FountainVest Partners led a USD100m round for Ushopal, a China-based e-commerce platform for luxury brands, with participation from Zhongyuan Capital, Hengxu Capital and Dazhong Zhongsong Fund, and follow-on from Cathay Capital. Read more… Read More
Avenir Growth Capital and Tiger Global Management led a USD170m Series C for Flutterwave, a digital payments platform for African businesses, at a reported valuation of ~USD1b, with participation from DST Global, Early Capital Berrywood, Green Visor Capital, Greytcroft, Insight Ventures, Salesforce Ventures, Worldpay FIS and 9yards Capital. Read More
Redpoint eventures, Riverwood Capital, Astella Investimentos, DGF Investimentos, TPG Growth and Endeavor Catalyst have exited RD Station (formerly Resultados Digitais), a Brazil-based marketing automation platform for small businesses in Latin America, through a sale to TOTVS, a Brazilian enterprise software solutions platform, at a reported BRL2b (approximately USD348.7m)… Read More
Jungle Ventures has made an undisclosed investment as part of a Series D for India-based insurtech Turtlemint. The latest investment brings the overall capital raised through the Series D to USD46m. GGV Capital led the USD30m first tranche in November 2020. Read more… Read More
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