Proparco has made a convertible note investment in Nuru, a renewable energy company based in the Democratic Republic of Congo, as part of the company’s Series B. Proparco invested alongside existing investors Energy Access Ventures (EAV) and EDFI ElectrFi, and new investors Gaia Impact and the Joseph Family… Read More
African Infrastructure Investment Managers (AIIM), through its pan-African infrastructure fund AIIF3, has acquired a majority stake in Ghana-based data center Ngoya Etix DC. The investment was made alongside the management team of the Onix Data Centres Limited (Onix DC) platform. Read more… Read More
Warburg Pincus has sold its 31.5% stake in India’s Gangavaram Port to Adani Ports and Special Economic Zone Ltd (APSEZ) for ~INR19.54b (approximately USD268m). Read more… Read More
Affinity Equity Partners has been selected as the preferred bidder for the acquisition of South Korea-based online recruitment platform Jobkorea. The transaction, which will see Affinity Equity Partners acquire 100% of Jobkorea from H&Q Korea, is valued at a reported KRW900b (approximately USD800m). Read more… Read More
International Finance Corporation has invested USD24m in Estonia-based ridesharing and food delivery services company Bolt to support the expansion of the startup’s operations in Africa and Eastern Europe. D1 Capital Partners led a ~USD182m round for Bolt in January 2021. Read more… Read More
Brazil-based VC DOMO Invest has reached a BRL105m (approximately USD18.5m) first close for Domo Ventures Fund 2, a vehicle focused on new D2C investment opportunities, with commitments from Caixa Seguridade, BB Seguridade and the pension funds of Syngenta, Novartis and Roche. Read more… Read More
Anghami, a Lebanon-based music streaming platform backed by Samena Capital, MEVP, and Endeavor Catalyst, is going to list on the Nasdaq via a merger with Vistas Media Acquisition Company, a SPAC backed by SHUAA Capital and Vistas Media Capital Singapore which raised USD100m in its IPO on the… Read More
Asia Partners has reached a USD384m final close for Asia Partners I, its debut technology fund focused on Southeast Asia. Read more… Read More
OrbiMed has reached a USD800m final close for its latest Asia life sciences fund. The vehicle will target venture through growth-stage investments in biotechnology, pharmaceuticals, medical devices, diagnostics and healthcare services in China and India. Read more… Read More
True North, alongside other angel and individual investors, has partially exited its stake in PolicyBazaar, an India-based online insurance aggregator, via a secondary sale of shares worth USD45m. Read more… Read More
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